Five companies intent on expanding in Western New York or relocating here are set to benefit from more than 800 kilowatts in low-cost hydropower allocations and $600,000 in award funds handed out Thursday by the New York Power Authority board of trustees.
NYPA’s support for the local businesses is intended to encourage planned construction projects that will create more than 80 jobs.
Two companies – Royal Plastix USA and Innomotive Solutions Group – received hydropower allocations as they expand to Buffalo from Canada. Royal Plastix, a plastic injection molding business, received a 600 kilowatt allocation as it plans a $3.7 million renovation of a vacant building downtown at 930 Bailey Ave., near Dingens Street. It plans to use the Bailey Avenue building as its new Buffalo plant.
The project will create 55 jobs.
Innomotive Solutions Group, which designs, manufacturers and paints roll-up shutter-style doors for emergency vehicles, was allocated 100 kilowatts for its planned $5.5 million renovation of a facility at 4304 Walden Ave., between Ransom and Pavement roads in Lancaster, creating 21 jobs.
NYPA also awarded 150 kilowatts in hydropower allocations to 3M Company. The Town of Tonawanda-based company, which manufactures more than 55,000 products, is moving forward with a $2.2 million expansion to its facility at 305 Sawyer Ave., between Kenmore Avenue and River Road, adding six jobs.
That project is set to begin later this summer.
NYPA trustees also approved $625,000 in power proceeds grants, awarded to Praxair and the Niagara Falls International Airport Stakeholders Group.
Praxair, which employs more than 1,300 in Western New York, will use its $500,000 award toward $39 million in operational upgrades conducted from its Town of Tonawanda facility at 175 E. Park Drive.
Empire State Development will also provide up to $8 million in performance-based Excelsior Jobs Program tax credits and a $2 million capital grant. Both are contingent upon Praxair’s commitment to job creation and continued investment in Western New York.
The Niagara Falls airport group will receive the additional $125,000 in power proceed awards, which will be used to fund half of a planned $250,000 fiberoptic infrastructure study. The group is a not-for-profit organization.
NYPA’s Western New York proceeds awards are funded through net earnings obtained from the market sale of unused regional hydropower.