Governor Kathy Hochul today announced the launch of New York's new Promote Opportunity with Electric Readiness for Underdeveloped Properties (POWER UP) program. POWER UP will offer grants for electrical and transmission infrastructure at industrial sites for key sectors like semiconductors, agribusiness and cleantech. Through the program, New York will establish an inventory of turn-key industrial sites, further securing the State’s leadership role in reshoring manufacturing. The $300 million initiative was first introduced in Governor Hochul's 2025 State of the State and was included in the FY26 Enacted Budget with an initial $100 million in grant funding, and represents a fundamental shift in the State’s approach to site-readiness by proactively preparing sites for the energy demands of

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