May 2015


Manufacturing Round Up for the Week of 5/29/15

This year, the Capital Region Economic Development Council must pick one industry to pitch in the competition for hundreds of millions in New York State money. Learn more about this and other top stories in FuzeHub’s weekly manufacturing news round up.

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Will Manufacturing Universities Fill the Skills Gap?

New York Senator Kirsten Gillibrand is championing a bill that would encourage universities to align their curricula with the needs of manufacturers. Under the Manufacturing Universities Act of 2015, 25 qualified institutions would receive grants of $5 million per for four years. The program would be administered by the National Institute of Standards and Technology (NIST) in the U.S. Department of Commerce.

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THINQubator – STEM, Crowdfunding, and Manufacturing Talent

Will the THINQubator raise money, capture imaginations, and help train New York State’s next generation of manufacturing talent? Part of the Tech Valley Center of Gravity, the 1,000 sq. ft. facility in Troy aims to raise $35,000 on Indiegogo, a crowdfunding website, for a makerspace where kids can learn how to use 3D printers, hand tools, power tools, computers, and other equipment.

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Tax Rates and Qualified New York Manufacturers

Is your business a “qualified New York manufacturer” that’s subject to the state’s 0% business income tax rate? As part of the Budget Bill of 2015, the New York State legislature made technical corrections to the corporate income tax reform that was enacted in 2014.

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NYS Aims to Win Integrated Photonics IMI for Rochester

New York State has committed $250 million as part of a Rochester-based, NYS-led application to bring the Integrated Photonics Institute for Manufacturing Innovation (IMI) to the Empire State. Last fall, President Barack Obama announced a national competition for an Integrated Photonics IMI that could be the largest of a series of regional hubs that will accelerate the development of innovative manufacturing technologies.

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