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AI Digital Innovation Partnership with Stony Brook University is sponsored by New York State (through Empire State Development) and Broadridge Financial Solutions, Inc.. A partnership to advance artificial intelligence research and development while creating pathways for students and New York workers to develop skills in emerging technologies, strengthening the state's position in AI innovation and workforce development.
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$78 Million Investment Secures 2,200 Broadridge Jobs in New York Office of New York Governor Kathy Hochul $78 Million Investment Secures 2,200 Broadridge Jobs in New York Governor Kathy Hochul announced that Broadridge Financial Solutions will invest $78 million to modernize its Long Island operations and retain 2,200 jobs across Long Island and New York City.
$78 Million Investment Secures 2,200 Broadridge Jobs in New York Governor Kathy Hochul announced that Broadridge Financial Solutions will invest $78 million to modernize its Long Island operations and retain 2,200 jobs across Long Island and New York City. The agreement, structured through Empire State Development, includes up to $40 million in state incentives tied to long-term job retention and capital investment commitments.
The funding package features a $23. 5 million capital grant, up to $1. 5 million in Excelsior Jobs Program tax credits, and a $15 million Innovation Partnership Grant.
The investment will support major upgrades to Broadridge’s technology infrastructure, machinery, and equipment, reinforcing its role as a core player in New York’s financial services ecosystem. Headquartered in Lake Success, Broadridge provides critical technology powering trading, governance, regulatory compliance, and shareholder communications worldwide.
As one of the region’s largest financial technology employers, the company sustains high-paying, family-supporting jobs that anchor Long Island’s economy. A key element of the agreement is a new AI Digital Innovation Partnership with Stony Brook University, designed to advance artificial intelligence research and workforce development.
The partnership will create pathways for students and workers to gain skills in emerging technologies, positioning New York as a leader in AI-driven financial innovation. Together, the investment and state support signal a broader strategy: retain major employers, modernize critical industries, and strengthen the state’s long-term economic competitiveness. Create a free BLDUP account to keep reading.
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Based on current listing details, eligibility includes: Stony Brook University (as the primary academic partner in this specific initiative), and potentially other academic institutions or organizations partnering on AI education and workforce development in New York State. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates $40,000,000 in state incentives (capital grant + tax credits + innovation partnership grant) Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.