On August 4th, Governor Andrew Cuomo announced that the New York Power Authority (NYPA) Board of Trustees has approved a round of low-cost power allocations under the statewide ReCharge NY program, resulting in capital investments and new and retained jobs across New York State. A total of 11.8 megawatts of low-cost power will be distributed among 26 business operations and three not-for-profit organizations, which are expected to leverage an estimated $270 million in capital investments. Nearly 3,100 jobs are supported by this round of allocations, of which more than 300 new jobs will be created.
Confer Plastics, Inc. was one of the recipients of an allocation of 420 kilowatts. The company has committed to retain at least 150 employees and make $200,000 in capital investments over the next 5 years. An article published by the Greater Niagara Newspapers erred significantly in reporting that the company will be making a $10 million capital investment.