Governor Cuomo Announces New York Power Authority’s Economic Development Awards Creating 583 Jobs in Western New York
Niagara Low-Cost Hydropower Allocations Approved by NYPA Board of Trustees to Spur $356 Million in Private Capital Investments
Stavatti Aerospace, Trek, Life Technologies and Sucro Real Estate NY to Utilize Low-Cost Power for Economic Development Projects in Niagara and Erie Counties
New York (STL.News) Governor Andrew M. Cuomo today announced the New York Power Authority’s Board of Trustees has approved four economic development awards that will support 583 jobs and spur $356 million in private capital investments across Western New York. The allocations of 11,650 kilowatts of low-cost hydropower from NYPA’s Niagara Power Project in Lewiston will be awarded to Stavatti Aerospace and Trek in Niagara County and to Life Technologies and Sucro Real Estate NY in Erie County. Each company will utilize the low-cost power to create or expand new facilities and hire new workers.
“COVID-19 has caused widespread damage to our economy that shouldn’t be swept under the rug, and it will take a concerted effort from government and the private sector to facilitate new economic development opportunities for all New Yorkers and bring our state back,” Governor Cuomo said.