by Andrew Henderson
Three Fulton companies are among the first 517 business to receive low-cost power grants under New York State’s new ReCharge New York program.
Canfield Machine & Tool, Huhtamaki, and Interface Solutions are among those listed as receiving the low-cost power grants.
The companies are receiving a share of the first installment of 910 megawatts of low-cost power set aside to create and protect jobs as part of a major overhaul of New York’s economic development programs. One megawatt is the equivalent of power used by 800 to 1,000 typical homes.
The low-cost power grants are given in exchange for a pledge to invest in creating and retaining a specific number of local jobs.
The power grants were announced this week by Governor Andrew Cuomo and the low-cost power will be made available to companies starting July 1.
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