UTICA - New York State will provide low-cost electricity to 22 businesses, non-profits and other organizations around the state in exchange for promises to create or retain jobs. Three of those businesses are in Central New York.
The New York Power Authority board approved low-cost power to the Village of Frankfort in Herkimer County on behalf of Tractor Supply Company under NYPA's Municipal and Rural Electric Cooperative Industrial Economic Development Program. As announced by Governor Cuomo last year, Tractor Supply Company is investing more than $75 million to build a distribution center in Frankfort, creating more than 300 new jobs.
The NYPA board also awarded Trenton Technology, an industrial computing company in Utica in Oneida County, with RNY power in return for its commitment to retain 218 jobs, create 15 jobs and make a $5 million capital investment.
The power is awarded through a state program known as Recharge NY, which uses low-cost hydropower as an economic development incentive.
More than 700 businesses and non-profit organizations are enrolled in the program.
"Over the years, programs such as Recharge NY have been successful in its mission to provide low-cost hydropower to private companies that agree to retain existing jobs and to create new jobs. I am especially happy for the benefits to industry in my district and the surrounding North Country community through the ReCharge NY and the Northern New York Power Proceeds awards. Our State is blessed to have low-cost hydropower from both the Niagara and the St. Lawrence hydro-facilities and it is wonderful to see the fruits of this low-cost, clean, New York power put to good use for the benefit of our businesses and the families that they support," said State Sen. Joe Griffo, the chair of the Senate Energy and Telecommunications Committee.
Other businesses include the Kraft Heinz Foods Company facility in Lewis County, a historic theater in western New York and an organic food producer in Orange County and an Amazon fulfillment center on Staten Island.
State officials say the power comes from the state's Niagara and St. Lawrence-Franklin Roosevelt power plants.
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