The New York Power Authority board of trustees has approved new low-cost hydropower allocations to three Western New York companies that are planning projects valued at more than $10 million combined.
In addition, Western New York Power Proceeds awards have been granted to two other area firms in the area.
Those receiving the low-cost electricity allocations include:
• The 3M Co., Tonawanda. The manufacturer of more than 55,000 products - including adhesives, abrasives, electronic materials, car-care products, household cleaning products and optical films - will receive 150 kilowatts of hydropower in exchange for a commitment to create six jobs as part of a nearly $2 million expansion project at its Tonawanda facility. Construction is scheduled to begin later this summer.
• Innomotive Solutions Group, Lancaster. Innomotive Solutions Group manufacturers and paints roll-up shutter-style doors for fire apparatus, emergency vehicles and other specialty vehicles. The company is looking to renovate a Lancaster facility to expand. A 100-kilowatt allocation was granted as part of a $5.5 million expansion with the creation of 21 jobs.
• Royal Plastix USA, Buffalo. A subsidiary of Royal Sponge Manufacturing, which operates a plastic injection molding business in Canada, will receive a 600-kilowatt allocation to build a new manufacturing operation in a vacant Buffalo facility. The company said it will create 55 new jobs and plans capital investments of more than $3.7 million.
NYPA trustees approved $500,000 under the Western New York Power Proceeds initiative to Praxair in Tonawanda, and $125,000 to Niagara Falls International Airport (NFIA) Stakeholders Group.
• Praxair will use the funding toward its Tonawanda expansion. The nearly $39 million upgrade will enable Praxair to pursue technological advancements and increase its workforce by 22.
• NFIA Stakeholders Group is a non-profit consisting of area government entities and businesses interested in expanding air services in Niagara Falls. The $125,000 award will provide half the financing to perform a study of its fiber-optic infrastructure that feeds into the Niagara Falls Air Reserve Station, the Niagara Falls International Airport, the former Army Reserve Center site, Niagara Airport Commercial Park, Wheatfield Business Park and the Buffalo Calspan site.
Together, the hydropower allocations and funding awards support the creation of more than 80 jobs and more than $50 million in capital investments.