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Micron to Receive $6.1 Billion in CHIPS Act Funding

The Biden administration and Senator Charles Schumer have announced that the federal government and Micron Technology, Inc. ("Micron") have come to terms on a $6.1 billion grant to support the construction of the first two...more

IRS Launches Voluntary Disclosure Program Allowing Businesses to Avoid Penalties if They Pay Back a Portion of Incorrectly Claimed...

On Dec. 21, 2023, the Internal Revenue Service (IRS) launched a new Voluntary Disclosure Program that allows businesses to pay back only a portion of funds in satisfaction of the full amount of credit that they received based...more

U.S. Department of Commerce Issues Expanded Notice of Funding Opportunity Under the CHIPS Act

On Sept. 29, 2023, the U.S. Department of Commerce announced a second Notice of Funding Opportunity (NOFO) under its CHIPS and Science Act. This opportunity builds upon the previous announcement made in June of 2023 and...more

Employee Retention Tax Credit Consultants and Eligibility: Traps for the Unwary

Update: Late on September 14, the Internal Revenue Service (IRS) announced an immediate moratorium on the processing of new Employee Retention Tax Credit (ERTC) claims amid a surge of questionable claims. The moratorium will...more

U.S. Department of Commerce Issues Expanded Notice of Funding Opportunity for Commercial Fabrication Facilities Under the CHIPS...

The U.S. Department of Commerce (DOC) has issued a new Notice of Funding Opportunity (NOFO) for commercial fabrication facilities which expands the pool of applicants eligible to obtain a portion of the $39 billion in...more

Commerce and EDA Launch Regional Technology Hubs Program With $500 Million in Funding

The Department of Commerce (DOC) and the Economic Development Administration (EDA) have launched the application process for the Regional Technology and Innovation Hubs (Tech Hubs) Program. The Tech Hubs Program is a regional...more

Treasury Department Publishes Notice of Proposed Rule Making for the Advanced Manufacturing Investment Credit

On March 23, 2023 the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) published the proposed rules for the implementation of the Advanced Manufacturing Investment Credit (Credit), also known as...more

Commerce Department Publishes Proposed National Security Guardrails for CHIPS Act

The U.S. Department of Commerce (DOC) released a Notice of Proposed Rulemaking detailing their plan for national security guardrails aimed at preventing CHIPS funding from being used by adversaries to the U.S. or its allies....more

U.S. Department of Commerce Issues First Notice of Funding Opportunity for Commercial Fabrication Facilities Under the CHIPS Act

On Feb. 28, 2023, the U.S. Department of Commerce (DOC) issued the first Notice of Funding Opportunity (NOFO) for commercial fabrication facilities, which provides the first look at the requirements for semiconductor...more

Onondaga County Announces $10 million Fund to Support Housing Development County-wide

On Feb. 2, 2023, Onondaga County Executive Ryan McMahon announced the creation of the Onondaga County Housing Initiative Program (O-CHIP), a $10 million housing fund that is available to private sector and nonprofit...more

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