Area Development News Desk (09/28/2007)
Two upstate New York businesses have received approval from Governor
Eliot Spitzer to receive low-cost hydropower, resulting in at least 58
new jobs. According to an announcement from the governor's office,
Unifrax, a manufacturer of high-performance insulation products in
Tonawanda, New York, will invest $20 million to meet increased need for
its products. The allocation of 3,500 kilowatts of low-cost hydropower
is part of this expansion. In addition, Devil's Hole Distilling
Company, a startup that will operate a premium alcoholic beverage
facility in Lewiston, New York, will receive 400 kilowatts. Niagara
Power Project, the largest of the New York Power Authority's 18
generating facilities and the largest single electricity source in New
York State, will provide the power. "In our efforts to fuel economic
expansion in Western New York, we know that low-cost hydropower will
help drive job creation," says Spitzer. "In Western New York, we must
take full advantage of the unique opportunities for economic expansion
that the area's proximity to Niagara Falls offers businesses."
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