The 3D printing initiative at New Paltz was recently awarded $1 million in economic development funding through Gov. Andrew Cuomo’s Regional Economic Development Council initiative. The award will support the college’s goal of purchasing major state-of-the-art 3D printing equipment, leveraging $500,000 of private funding committed by Ulster County businessman Sean Eldridge of Hudson River Ventures and by Central Hudson in May to the new Hudson Valley Advanced Manufacturing Center at SUNY New Paltz. Hudson River Ventures has also committed $500,000 of venture capital to help launch new 3D printing enterprises in the region.
“We are very pleased that the governor recognized the potential of this project to bring new manufacturing technology and training to our region that will help grow our economy and create jobs,” said President Donald Christian. “The funding puts this project on the fast track to help accelerate the center’s growth and capitalize on building a distinctive regional identity in 3D printing and related research, design, and development. I am grateful to Governor Cuomo, the Mid-Hudson Regional Economic Development Council, Sean Eldridge, the Hudson Valley Economic Development Corporation, and Central Hudson for their tremendous support.”
New Paltz recently submitted its application for funding through Round III of the NYSUNY 2020 Challenge Grant to build a 20,000-square-foot building to house its planned Mechanical Engineering program and to secure key equipment for that initiative. This visionary project complements the college’s 3D printing initiative and amplifies its potential contributions. The proposed building will also provide office and laboratory space to companies looking to take advantage of the START-UP New York program.