New York State is committing more than $43 million this budget year to revitalize key industrial sites across five counties, aiming to draw new employers and spur job growth in areas hit hard by the decline of manufacturing. The funding, distributed through the state’s FAST NY (Focused Attraction of Shovel-Ready Tracts New York) program, will support infrastructure improvements in Albany, Erie, Fulton, Herkimer, and Orange counties.

The initiative targets underutilized or idle land, preparing it for development in sectors like advanced manufacturing and other high-growth industries. The ultimate goal is to position these sites as competitive options for companies seeking expansion, while also boosting local economies.

The largest portion of the funding—$25.48 million—has been allocated to the Maybrook Rail Yard in Orange County. This significant investment is intended to modernize the site’s infrastructure and make it more attractive to industrial developers. Another major recipient is the Tryon Technology Park in Fulton County, which will receive $8.99 million. Central New York Business Center in Herkimer County will benefit from $7.9 million in upgrades.

Meanwhile, Albany and Erie counties will each receive $500,000 for site readiness projects aimed at enhancing their appeal to potential employers.

According to state officials, the grants are designed to help communities that once thrived on manufacturing regain their economic footing. Local leaders echoed this sentiment, stating that the projects will transform dormant properties into engines for economic growth.

Since the FAST NY program was launched, it has awarded $326 million in funding. The current state budget added another $100 million to the program, underscoring New York’s continued commitment to economic development. State projections estimate that this round of investments could spark up to $2.2 billion in private sector funding and lead to the creation of nearly 3,000 new jobs.

As these infrastructure upgrades get underway, the state and local governments will continue working together to market the improved sites to national and international companies looking to expand or relocate.