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Recharging Businesses

Qns., Bk. Cos. Get Energy Benefits

Low-cost power is being made available to industries in Bushwick, Greenpoint, West Maspeth, Ozone Park and College Point in order to create new jobs and boost private investment through theReCharge New York” program, it was announced last Thursday, June 28.

Six businesses in the Times Newsweekly coverage area were among 18 in New York City-and 161 companies across the state-chosen by the New York Power Authority (NYPA) to receive discounted energy allocations to help reduce their electric expenditures.

“Through the NY Works Program, we now have a cohesive strategy to leverage resources such as available, low-cost power, allowing businesses to create jobs and make investments in all regions of the state,” Gov. Andrew Cuomo said in his announcement last Thursday, June 28. “These power allocations through the ReCharge New York program will provide competitive and reliable energy prices to manufacturers and other key employers, giving them the confidence they need to invest in their facilities and maintain and increase employment.”

Under the ReCharge program, the NYPA will distribute 910 megawatts of low-cost energy to select businesses and non-profit groups chosen based on the recommendations of the state Economic Development Power Allocation Board. The grants were issued on a competitive basis, with the recipients selected based on criteria such as capital investment and job retention/ creation commitments.

Half of the 910 megawatts of lowcost power is produced by NYPA’s hydroelectric plants upstate; the other half is market power purchased by the authority.

The companies which are receiving the power allocations include the following:

– Alvin J. Bart & Sons. Inc, a printing company located at 333 Johnson Ave. in Bushwick, which will receive a recommended 276 kilowatts of power at a capital investment of $3 million; the company has agreed to maintain 115 jobs.

– Jetro Cash & Carry Enterprises LLC, a restaurant supply business located at 15-06 132nd St. in College Point, which will receive a recommended 186 kilowatts of power at a capital investment of $500,000; the company has agreed to maintain 82 jobs.

– Metro Biofuels LLC, a fuel company at 500 Kingsland Ave. in Greenpoint, which will receive a recommended 176 kilowatts of power at a capital investment of $6 million; the company has agreed to maintain 60 jobs.

– Pepsi Cola Bottling Co. of New York, located at 112-02 15th Ave. in College Point, which will receive a recommended 556 kilowatts of power at a capital investment of over $2.8 million; the company has agreed to maintain 190 jobs.

– RD/Jet LLC, d.b.a. Restaurant Depot, a restaurant supply warehouse located at 43-40 57th Ave. in West Maspeth, which will receive a recommended 216 kilowatts of power at a capital investment of $8 million; the company has agreed to maintain 99 jobs.

– Workmans Trading Corp., a bicycle company located at 94-15 100th St. in Ozone Park, which will receive a recommended 36 kilowatts of power at a capital investment of $500,000; the company has agreed to maintain 57 jobs.

For more information, visit www.nypa.gov/RechargeNY/default .htm.

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