Albany, New York - Governor Andrew M. Cuomo today announced that 25,000 jobs throughout New York State and commitments to hundreds of millions in capital investments were directly tied to allocations of low-cost electricity in 2013 to businesses and other enterprises under three state economic development power programs administered by the New York Power Authority (NYPA).
“Over the past three years, the ReCharge NY program has been on the forefront of our economic development agenda, successfully working to create and sustain jobs and new private sector investment in communities across New York,” Governor Cuomo said. “Low-cost power is a valuable resource for businesses as they look to expand here in New York, and this innovative program is leveraging the state’s power generation capacity to create jobs and grow the economy. With the recent news that the unemployment rate in Upstate New York has dropped to its lowest level in the past five years, it is clear that our focus on jobs, jobs, jobs is paying off, and we will continue to work to sustain New York’s economic recovery.”
The allocations were made under the Governor’s ReCharge NY Program—a statewide initiative that draws
