• Save the date for SSTI's 2024 Annual Conference

    Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and sign up to receive updates.

  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

$29.5 Million in NYSTAR Budget Extends Matching Grants Program

June 30, 2010
  • Forward logo
  • LinkedIn logo

The $68.2 million FY 11 budget approved last week for the New York State Foundation for Science, Technology and Innovation (NYSTAR), allows the foundation to continue to provide 10 percent matching funds for research institutions and businesses in order to attract federal, private and industry funds. The budget allocates $29.5 million in FY11 for a matching grants program started with ARRA stimulus funding and $5.2 million for the state's six Centers of Excellence.

The appropriation is scaled down from Gov. David Paterson's original budget recommendation that would have provided $100 million for the program (see the issue of the Jan. 27, 2010 issue of the Digest). The NYSTAR budget also includes $1.5 million for state matching funds for the Manufacturing Extension Program and $343,000 for the Research Development Program.

A. 9705, providing the budget detail, is available at: http://public.leginfo.state.ny.us.

New Yorkstate tbed