Corning will receive a low-cost power allocation to support a more than $21 million capital expansion project at its Canton facility in St. Lawrence County, New York
A world leader in specialty glass and ceramics, Corning has locations in various parts of New York State. The company is planning to expand its Canton facility by 23,500 square feet to greatly increase production at the facility, which supplies microchips for computers, cell phones and other electronics
. A 7,200-square-foot warehouse is also part of the project that is expected to create 40 jobs in the region.
Governor Andrew M. Cuomo’s Office said the firm has been allocated 2.1 megawatts of power by the New York Power Authority and will add 30,700 square feet to accommodate additional storage and an increase in production of high-fused silica glass used by the semiconductor industry.
"Thanks to efforts like the State’s hydropower incentives, more companies are choosing to expand right here in the Empire State," said Governor Cuomo. "NYPA's low-cost energy allocations
provide businesses like Corning with the support they need to grow their operations in New York, and the results are immediately felt by communities like Canton. This is yet another example of how Upstate New York is on the move.”
The low-cost hydropower will be provided to Corning under a seven-year contract and is drawn from a block of St. Lawrence electricity known as Preservation Power. In addition to the new permanent jobs, which are already being added, the capital investments by the company are expected to support dozens of temporary construction jobs. Empire State Development is providing the company $750,000 in Excelsior Jobs Program
tax credits to assist with the job creation project.
Corning’s Canton facility receives a 2.2 MW allocation of ReCharge NY power, which was approved by the NYPA trustees in April 2012 in exchange for the firm’s commitment to retain its nearly 200 positions. ReCharge NY is a statewide program to provide lower cost power under legislation spearheaded by Governor Cuomo and is linked to more than 380,000 jobs.
Gil C. Quiniones, President/CEO of NYPA, said, “The St. Lawrence-FDR power plant is crucial for economic development in Northern New York. It’s a top priority for NYPA to utilize its low-cost hydropower in ways that will yield the greatest results and Corning’s commitment toward the creation of 40 high-paying jobs in the region is exactly that—a great result.”
Kenneth Adams, ESD President/CEO/Commissioner, said, “ESD’s support of this project, in conjunction with NYPA’s low-cost power allocations, will provide a boost to the North Country economy by helping Corning make this investment and create these new jobs. Having a global company, such as Corning, choose to expand its existing facility is a testament to the unique assets of the region and the talented local workforce
Patrick Jackson, Director of Corning’s Global Energy Management, said, “This allocation by NYPA will reduce Corning’s energy cost, which is a major expenditure at the Canton plant. In addition, ESD’s support for this project is a strong job-creation incentive. On behalf of Corning, I’d like to thank Gil Quiniones, the NYPA Board of Trustees, Ken Adams, Empire State Development, and Governor Cuomo for considering our company. It is programs like this, under the guidance of the Cuomo Administration, that encourage job growth and make New York a great place to do business.”
Under State law, allocations of power to Northern New York businesses from the St. Lawrence hydroelectric facility are for firms in Franklin, Jefferson and St. Lawrence Counties. The electricity is provided at a price that is currently 40 percent less than the wholesale market price in the region. Preservation Power allocations currently support hundreds of jobs in St. Lawrence County.