Assemblyman Bill Magee (D-Nelson) announced on April 25 that several local businesses and non-profit organizations will be granted low-cost power allocations under the statewide ReCharge New York (RNY) initiative.
The program will protect and create nearly 3,000 jobs within the immediate district, and more than 20,000 jobs for all of Central New York.
“In these tough economic times, it is vital we help businesses succeed and get our hardworking families back to work,” Magee said.
RNY — developed to replace two existing initiatives, the Power for Jobs and Energy Cost Savings Benefit programs — spurs statewide economic growth by increasing access to affordable power for several New York state companies.
RNY will distribute more than $135 million in capital investments to the local businesses that commit to hiring and retaining workers. Lower-cost power allocated by the initiative will become available to companies on July 1. Magee voted for the creation of RNY last year.
The 16 local businesses approved for RNY projects include: Briggs & Stratton Power Products Group LLC, Corning Inc., Dielectric Laboratories Inc., Diemolding Corporation, ESCO Turbine Technologies of Syracuse, HP Hood LLC, International Wire Group Inc., Isadore A. Rapasadi & Sons Inc., Manth-Brownell Inc., Marquardt Switches Inc., Oneida Health Systems Inc., Oneida Molded Plastics LLC, Owl Wire and Cable LLC, Queensboro Farm Products Inc., Thermold Corporation and Universal Photonics Inc.
“This initiative is a win-win situation for our community,” Assemblyman Magee said. “Providing lower-cost power lifts some of the financial burden many of these businesses face, meaning they can focus on hiring and retaining hardworking Central New Yorkers.”