Alcoa East Undertakes $42 Million Expansion At Its Massena, New York, Aluminum Facility
07/01/2013
“Today’s groundbreaking is a major step forward for the modernization project of the Alcoa facility in Massena,” Cuomo said. “Alcoa is a world class company that is continuing to spur economic development and make investments in the community. Under this project, 1,000 jobs will be retained. New York State looks forward to building upon this partnership with Alcoa to grow the economy of the North Country region for years to come.”
"Alcoa is pleased to work with the State of New York and the community to ensure that we remain an integral part of the North Country's economic development," said U.S. Primary Products President John D. Martin. "Alcoa's commitment to the North Country Economic Development Fund and an Alcoa Foundation grant for workforce development will help build the region's workforce and provide opportunities to energize the economy."
“The Alcoa East groundbreaking is a shining example of Governor Cuomo’s support of public-private partnerships that are the key to innovative economic development,” said Gil C. Quinones, New York Power Authority president and chief executive office. “The 478 megawatts of low-cost hydropower generated in Massena at NYPA’s St. Lawrence-FDR power plant will preserve hundreds of local jobs and provide millions of dollars in investment, for years to come. Alcoa’s commitment of $10 million for the North Country Economic Development Fund will ensure that the entire region benefits from this project.”
The North Country Economic Development Fund is one element of the long-term NYPA-Alcoa hydropower contract, which extends to 2045. If certain conditions are met, Alcoa may exercise an option to extend service for 10 years beyond 2045. Under the contract, which was entered into in 2009, Alcoa committed to protect nearly a thousand jobs at its Massena facilities and undertake capital investments of at least $600 million, of which $42 million is currently being spent on site preparation for new aluminum production at the Massena East plant.
Massena Town Supervisor Joseph D. Gray said, “Massena has reason to celebrate the latest developments at Alcoa. It means job security at the company’s smelters and the possibility of new jobs in other businesses and enterprises from the $10 million North Country Economic Development Fund. We’re thankful to Alcoa, Governor Cuomo and the Power Authority for all that they’ve done in moving the Alcoa East modernization forward, along with the associated initiatives.
Project Announcements
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Google Plans Cedar Rapids, Iowa, Data Center
03/25/2024
Canada-Based Premier Tech Establishes Williamsport, Pennsylvania, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Industry in the Era of the Electron
Q1 2024