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ReCharge NY and the New York Power Authority will provide $850,000 of capital investment and 376 kilowatts of low-cost energy to Metallized Carbon Corporation. The allocation is said to retain 118 jobs and create 25 new jobs.
The latest round of allocations will provide allocations to 14 businesses throughout New York state and will provide in excess of $207 million in capital investment commitments, help retain more than 2,400 jobs while creating approximately 670 new positions.
“ReCharge NY is one of the strongest tools in the Empire State’s economic development arsenal,” Cuomo said in a statement. “Low-cost power for businesses has helped create thousands of high-impact jobs in local communities, and the ripple effect of ReCharge NY can be felt statewide through increased consumer spending and an enhanced local tax base. Thanks to innovative initiatives such as ReCharge NY, this Administration continues to establish New York as a great place to grow a business.”
Including the most recent allocations, the power program has provided approximately 736 megawatts to 619 businesses and 68 not-for-profit organizations over the last two years..
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