The allure of cheap hydroelectric power persuaded a metal cutting service company to relocate one of its two Albany facilities to Green Island instead of to Florida or Ohio, the New York Power Authority announced Wednesday.
Arcadia Supply will invest $4 million on a new building and equipment in the village and create 15 new jobs. That move follows NYPA trustees’ recent approval of the allocation of 150 kilowatts of hydropower to the Green Island Power Authority.
Thirty-eight workers will also be shifted to the new facility, which will feature four times more manufacturing floor space than Arcadia’s plant in Albany. The company based on Erie Boulevard was founded in 1969.
Arcadia uses lasers and water-jet cutting systems to cut metals and high-temperature metal alloys. Its metals and alloys are used for architectural, ornamental, military and power generation applications.
Under its Industrial Economic Development program, NYPA provides up to 54,000 of hydropower to 51 municipal electric systems and rural cooperatives.