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.
Huhtamaki has been awarded $500,000 in state funding from Empire State Development for the company’s new flexographic printing machinery and equipment.
The Empire State Development’s Board of Directors met this week and approved the funding. Huhtamaki was one of several businesses to receive a grant.
“Today’s action shows we are continuing to leverage private investment and optimize limited state resources to retain and create much-needed jobs across the state,” said Empire State Development President, CEO and Commissioner Kenneth Adams.