Governor Hochul Announces Funding Support for SBU in State of the State Address

New York State Governor Kathy Hochul delivered her 2023 State of the State Address on January 10, and among the 147 initiatives in her “Achieving the New York Dream” agenda was funding to support Stony Brook University research, programs and infrastructure.

In Hochul’s plan, it is proposed Stony Brook University will receive:

• $200 million in capital funding for research labs at Stony Brook University and the University at Buffalo to invest in new and renovated research buildings, labs and state-of-the art instrumentation.

• Endowment match up to $500 million in state funds for Stony Brook University and the three other university centers.

• $200 million in digital transformation and IT infrastructure across SUNY including Stony Brook University.

“Governor Hochul’s announcement today providing support for an endowment match, research labs, and innovative programs will help to propel Stony Brook to even greater heights,” said Stony Brook University President Maurie McInnis. “The endowment match will inspire our philanthropic supporters to secure our long-term future while supporting current research and student scholarships. We are grateful to Governor Hochul for her visionary leadership and for providing the flexibility and mission-specific resources needed to advance our transformational goals of doubling research expenditures and moving into the top 25-ranked public research universities nationally.”

Hochul’s agenda also included:

• A Cap-and-Invest Program to combat climate change and fund a sustainable and affordable future.
• A comprehensive plan to drastically reduce the number of individuals with unmet mental health needs.
• Making child care fairer, more affordable and easier to access.
• Meet the rising cost of living by indexing the state minimum wage to inflation.
• Major public safety initiatives to sharpen the state’s response to gun and violent crime and provide opportunities for second chances.
• A strategy to address New York’s housing crisis and build 800,000 new homes over the next decade.

“We will do the hard things — the necessary things to lift up and support New Yorkers and clear a path for them to realize the New York Dream,” Hochul said.