Contact Information:
Governor's Press Office
NYC Press Office: 212.681.4640
Albany Press Office: 518.474.8418
press.office@exec.ny.gov
Andrew M. Cuomo - Governor

Governor Cuomo Announces More Than 2,000 Jobs to be Created Through Third Round of ReCharge NY Power Allocations

Printer-friendly version

Statewide, 38 Companies to Add 2,032 New Jobs, Invest Billions of Dollars in Return for Low-Cost Power


Albany, NY (September 24, 2012)

Governor Andrew M. Cuomo today announced that 38 businesses across New York State will create an estimated 2,032 jobs as a result of low-cost power allocated through the third round of the ReCharge NY power program.

 

The ReCharge NY program was created by the Governor and put in place by the Legislature in 2011. The program is designed to spur economic development in all corners of the state by providing low-cost power to businesses and other entities that agree to create or retain jobs.

 

"New York State is coming back stronger than ever before, and to help fuel our economic recovery, government is partnering with the private sector to give businesses the tools, confidence, and resources they need to create jobs and hire New York workers now," Governor Cuomo said. "Since we launched ReCharge NY a few months into my administration, it has already helped retain thousands of jobs, and generate tens of millions of dollars in private sector investments in communities across the state. Today's allotment of additional grants of low-cost power will continue the extraordinary success of ReCharge NY, while demonstrating that an innovative, entrepreneurial government can truly work to rebuild our economy."

 

The first two rounds of ReCharge NY provided low-cost power allotments to more than 600 businesses and 76 not-for-profit organizations, helping retain nearly 385,000 jobs. The power allocations announced today by the Governor were approved this morning by the New York Power Authority (NYPA) Board of Trustees, and are the first allocations from the ReCharge NY program to be tied directly to job creation. Statewide, 38 businesses across New York State will create an estimated 2,032 jobs as a result of low-cost power allocated through the third round of the ReCharge NY power program.

 

John R. Koelmel, NYPA chairman, said, "The allocations approved today by the Power Authority Board of Trustees are another triumphant result of Governor’s Cuomo’s ReCharge NY program, which was specifically designed under statute to be a cornerstone for driving the state’s economy, not only for protecting jobs but for creating new ones. The Power Authority takes great satisfaction in carrying out the Governor’s program and supporting his vision for bolstering the employment rolls. The ReCharge NY allocations—and the significant savings to the recipients—will contribute to this effort."

 

Gil C. Quiniones, NYPA president and chief executive officer, said, "The Power Authority has worked closely with state and regional economic development officials to maximize the benefits of Governor Cuomo’s ReCharge NY program. The newly approved allocations are the first that we’re making for job creation, marking another important milestone in this innovative initiative. We’re looking forward to additional allocations for both job creation and retention in the months ahead, to further the benefits of this bold new program to revitalize the state’s economy."

 

Senate Majority Leader Dean G. Skelos said, "Energy costs are a major expense for employers across the state. That’s why the Senate worked closely with Governor Cuomo to establish the Recharge NY program to provide reliable, affordable power to businesses and consumers. By reducing their energy costs, Recharge NY helps companies to be more competitive so they can retain and create jobs."

 

Assembly Speaker Sheldon Silver said, "Providing low cost power to New York businesses through Recharge New York is an important economic development tool. The benefits of this program are aimed at boosting the productivity of our companies, creating jobs, keeping companies and their employees in New York. This is an important step to help our businesses thrive in a highly competitive global market. I applaud the Governor for working with the Assembly to adopt a comprehensive approach to economic development and for working to capitalize on each region’s unique economic assets in order to build a strong state economy."

 

Senator George D. Maziarz said, "The Recharge NY Program is something that I championed in Albany in order to provide jobs as well as stability for companies in the assurance of a seven year contract. This low cost energy will inevitably help keep businesses in New York for a long time and will in turn help grow our economy. I applaud the New York Power Authority and Governor Cuomo for their selection of such deserving recipients."

 

The enactment of the ReCharge NY legislation in 2011 was a major achievement in New York State's efforts to partner with businesses across the state in the harnessing of its lower-cost power for economic development. Over prior years, a number of efforts had been undertaken in this direction only to fall short. ReCharge New York replaced two existing initiatives—the Power for Jobs (PFJ) and Energy Cost Savings Benefit (ECSB) Programs. Unlike ReCharge New York, those two programs provided for only short-term allocations, limiting their effectiveness as an economic development tool.

 

The allocations approved today total more than 29 MW and will be drawn from 200 MW specifically reserved for business expansion and attraction under the 910-MW program. One megawatt is enough power for meeting the electricity needs of 800 to 1,000 typical homes. To date, the NYPA trustees have awarded approximately 716 MW of power under the program.

 

NYPA worked in close consultation with the Governor’s Regional Economic Development Councils to evaluate the ReCharge NY applications to ensure that local economic development strategies were given sufficient weight in the consideration of the applications. In addition to jobs and capital investment commitments, other evaluation criteria included the significance of the cost of electricity to the overall cost of doing business, applicant’s risk of closure or curtailing operations, the significance of the applicant’s facility to the local economy, and its commitment to energy efficiency.

 

The ReCharge NY program offers up to seven-year power contracts. Half of the power under the program—455 mw—is low-cost hydropower from NYPA’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric projects. The remaining 455 MW is economical power secured by NYPA from market sources.

 

The newest allocations are slated for companies throughout the state, mainly to manufacturers and processing facilities of varied industrial and agriculture products. The latest recipients, along with their allocations and job and capital-investment commitments, are listed in the chart below:

 

Company County kW Jobs Project Capital Investment
Air Products and Chemicals, Incorporated Albany 1,000 10 $15,000,000
Ginsberg's Institutional Foods, Inc. Columbia 350 5 $20,000,000
GLOBALFOUNDRIES US Inc Saratoga 15,000 450 $2,300,000,000
Capital District Region Sub-totals:   16,350 465 $2,335,000,000
         
Bitzer Scroll, Inc. Onondaga 776 12 $15,100,000
Currier Plastics, Inc. Cayuga 930 50 $19,000,000
ICM Controls Corp Onondaga 210 10 $6,000,000
Southern Wine & Spirits of Upstate New York, Inc. Onondaga 150 5 $20,000,000
Syracuse Plastics LLC Onondaga 270 8 $1,500,000
Ultra Dairy, LLC Onondaga 360 15 $15,000,000
Central New York Region Sub-totals:   2,696 100 $76,600,000
         
American Rock Salt Company LLC Livingston 400 4 $2,600,000
Cannon Industries Inc. Monroe 400 4 $1,000,000
Chapin Manufacturing Genesee 400 15 $1,750,000
Flower City Printing, Inc. (Lee) Monroe 140 8 $2,500,000
Flower City Printing, Inc. (Mt. Read) Monroe 210 10 $5,000,000
Finger Lakes Region Sub-totals:   1,550 41 $12,850,000
         
Calico Cottage, Inc. Suffolk 46 7 $450,000
Crescent Duck Farm Inc. Suffolk 140 2 $1,655,000
GKN Aerospace Monitor Inc. Suffolk 926 25 $12,000,000
Global Tissue Group, Inc. Suffolk 250 20 $10,000,000
Tebbens Steel LLC Suffolk 20 4 $300,000
U.S. Nonwovens Corp. Suffolk 56 100 $8,500,000
United Baking Co., Inc. Suffolk 316 17 $10,555,000
Wenner Bread Products Inc. Suffolk 876 20 $3,250,000
Long Island Region Sub-totals:   2,630 195 $46,710,000
         
ConMed Corporation Oneida 110 25 $875,000
DeIorio Foods, Inc. Oneida 910 45 $32,000,000
EFJ Inc. dba Mill Services Schoharie 176 10 $500,000
Homogeneous Metals, Inc. Oneida 340 25 $26,159,119
Olbrych Realty Inc. Fulton 210 25 $4,250,000
Mohawk Valley Region Sub-totals:   1,746 130 $63,784,119
         
Fresh Direct, LLC Bronx 1,800 1,000 $112,600,000
Shapeways, Inc. Queens 106 26 $28,502,263
Transcon International Inc Bronx 396 5 $7,000,000
Zeluck Inc Kings 80 2 $1,000,000
New York City Region Sub-totals:   2,382 1,033 $149,102,263
         
Hopshire Farm LLC Tompkins 10 1 $430,000
Norwich Pharmaceuticals Inc. Chenango 450 27 $39,217,000
Southern Tier Region Sub-totals:   460 28 $39,647,000
         
Commitment 2000 Inc. Erie 126 6 $2,300,000
Polymer Conversions, Inc. Erie 176 2 $5,750,000
Providential Foods Corporation Erie 56 2 $350,000
Snyder Industries, Inc. Niagara 106 20 $12,000,000
Upstate Niagara Cooperative, Inc. Erie 1,000 10 $15,000,000
Western New York Region Sub-totals:   1,464 40 $35,400,000
         
STATEWIDE TOTAL   29,278 2,032 $2,510,000,000

 

For more information visit: https://www.nypa.gov/RechargeNY/default.htm

###