4/5/2011 6:56:00 AM

Wall Street Journal: Feds award $58M grant for NY high tech site

Wall Street Journal

ALBANY, N.Y. — A high-tech project involving the state University at Albany and the University of Central Florida is getting a nearly $58 million federal grant.

The grant could help create thousands of jobs in creating a national center in solar energy research.

U.S. Sen. Charles Schumer of New York says most of the grant will go to the public-private partnership between the SEMATECH (sem-uh-tek) company and the College of Nanoscale Science and Engineering at the Albany university center.

U.S. Energy Secretary Steven Chu said the federal government will provide up to $112.5 million over five years throughout the country. Chu said the objective is for the U.S. to regain the lead in the global market for solar technologies. Full article