Magnarelli Announces that Five Upstate Companies Have Received Awards Through the Commercialization Assistance Program
New York Assemblyman William Magnarelli (D-120)—along with Syracuse Center of Excellence and CenterState Corporation for Economic Opportunity (CEO)—announced July 19, 2010 that five Upstate companies are the recipients of fifth-round Commercialization Assistance Program (CAP) awards—totaling $246, 475—to promote the commercialization of innovative green and clean technologies. The announcement was made at Syracuse University’s Green Data Center on SU’s South Campus, where technology by one of the recipients—Vette Corp.—is being used.
Combined, the projects being commercialized by these companies—thanks to funding secured by Magnarelli—have the potential for creating as many as 111 high-value jobs and tens of millions in new revenue for Central Upstate New York and other Upstate regions over the next five years.
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