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Low-cost power to help firms keep jobs

Low-cost power to help firms keep jobs

Scotia and Gloversville businesses came out on top in the state’s second round of low-cost power all

Scotia and Gloversville businesses came out on top in the state’s second round of low-cost power allocations Thursday.

Gov. Andrew Cuomo announced awards of more than 80 megawatts of low-cost power to an additional 161 businesses and not-for-profit organizations in the state.

The new allocations under the ReCharge New York program are expected to help retain about 25,000 jobs.

“These power allocations through the ReCharge New York program will provide competitive and reliable energy prices to manufacturers and other key employers, giving them the confidence to invest in their facilities and maintain and increase employment,” Cuomo said in a news release issued Thursday.

In the Capital Region, the more than 24 megawatts of power to 17 enterprises awarded Thursday is expected to retain about 2,000 jobs.

One of the key recipients in the region was Adirondack Beverages in Scotia, which announced Tuesday it will expand its manufacturing plant located in the Glenville Business and Technology Park with help from the discount power.

The company will receive 1,060 kilowatts of low-cost power in return for making a capital investment of about $11.2 million. It’s also investing $2 million to add a sixth production line, adding 10 new jobs and retaining more than 200 jobs in the county.

Farther up the Mohawk Valley, nearly 6 megawatts of power awarded to 17 enterprises is expected to retain about 1,500 jobs.

Taylor Made Group in Gloversville was a big winner in the region, receiving 450 kilowatts of low-cost power in return for making a capital investment of about $6.53 million.

The company is a big supplier of buoys, fenders, boat covers and more in the recreational marine industry. It has committed to retain about 235 jobs.

The New York Power Authority board of trustees approved the allocations this week, bringing ReCharge New York benefits to a total of 602 businesses and 76 not-for-profits. This low-cost power will be made available to recipients July 1.

The program offers up to seven-year contracts, including at least 350 megawatts for upstate businesses, 200 megawatts for business attraction and expansion projects, and up to 100 megawatts for not-for-profits and small businesses.

Other Capital Region and Mohawk Valley businesses to benefit from the latest in ReCharge New York grants include: Air Products and Chemicals Inc. in Glenmont; Codino’s Foods Inc. in Scotia; Espey Manufacturing and Electronics Corp. in Saratoga Springs; Norlite Corporation in Cohoes; Plug Power Inc. in Latham; F&F Transport Inc. in Fonda; Kasson & Keller Inc. in Fonda; Robison & Smith Inc. in Gloversville; The Harva Company Inc. in Schoharie; and W. Kintz Plastics Inc. in Howes Cave.

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