The New York Power Authority’s board of trustees approved a total of $720,000 in funding awards to two companies for projects that are expected to create 28 jobs and generate investments of more than $8 million.
Innomotive Solutions Group, which makes and finishes roll-away doors built to meet the needs of emergency vehicles, will receive a $150,000 grant to help buy a building in Lancaster. The company estimates the project’s value at $5.5 million and says it will add 28 employees.
Nexus Natural Gas, a consortium of seven companies in the Town of Tonawanda, will receive a $570,000 grant to help fund the construction of a CNG fueling station that will allow member companies to convert the 24 trucks in their fleets to natural gas.
The Western New York Power Proceeds Allocation Board at its April meeting recommended funding for both projects, which the Power Authority’s board of trustees voted on. The funds come from the sale of unallocated hydropower from the Niagara Power Project, with the aim of increasing jobs and capital investment in the region.
The board had also recommended providing more than $1 million in funding to We Care Transportation to build a CNG filling station and convert its vehicles to run on natural gas. The board did not vote on funding for We Care because its construction project might first be subject to an environmental review, but the board will likely vote on the award in the future.