NYSEG and RG&E Provide $8 Million for Economic Development Initiatives

ROCHESTER, NY— April 17, 2019 — New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), subsidiaries of AVANGRID, Inc. (NYSE: AGR), today announced that during 2018 the two companies provided more than $8 million in economic development assistance to 95 businesses and organizations across New York State. The companies worked closely with business leaders, municipalities, and community innovators to identify and   develop these investments which contributed to the creation or retention of more than 8,000 jobs. Further information is contained within the companies’ annual economic development report to the New York State Public Service Commission.

“NYSEG and RG&E are committed to the development of high-tech industries such as clean energy and innovative technologies to further grow the manufacturing, agricultural, academic and many other sectors across New York,” said NYSEG and RG&E President and Chief Executive Officer Carl A. Taylor. “Our companies offer a host of economic development programs and incentives that not only support a strong and healthy economy, but also spark ongoing efforts to turn our communities into attractive places for families to live, work and play.”

Since 2010, NYSEG and RG&E have provided more than $92 million in economic development assistance to support 594 projects across New York State leveraging more than $5 billion in private sector and capital investments.

NYSEG and RG&E provide grant assistance for new construction, brownfield and mixed-use building redevelopment, as well as to various municipal economic development entities, non-profit organizations and private developers involved in promoting sustainable investments to revitalize distressed business corridors and districts. The companies aim to spur new capital investment and jobs for municipalities through funding assistance for electric infrastructure and lighting installations associated with street improvements.

The companies also offer program assistance to help various business sectors become more energy efficient and for the manufacturing sector to become more competitive in the global marketplace. These initiatives are part of NYSEG and RG&E's ongoing, strong collaborative efforts with economic development and community partners at the local, regional and state levels. This team approach helps maximize business growth and retention opportunities. 

2018 RG&E Project Highlights

Monroe County
Bausch + Lomb  is expanding its facility, as well as adding multiple production lines to support the manufacturing of its innovative disposable silicon hydrogel daily wear contact lenses, helping to drive the long term future growth of the company. RG&E, working in concert with economic development partners including the City of Rochester, County of Monroe, Greater Rochester Enterprise, Greater Rochester Chamber, Empire State Development, and other community leaders, provided a commitment of economic development assistance for this project to help support electric infrastructure and energy efficiency improvements. This project will create 100 jobs and retain 1,000 positions at its existing North Goodman site in Rochester.
Wayne County

Optimax Systems, Inc. is expanding its key programs which include aerospace, government research and defense into a 46,000 square foot facility addition. This expansion is expected to create 59 new jobs and retain 291 positions over the next five years. RG&E, working with the Ontario County Industrial Development Agency and other community partners, is providing economic development assistance for electric infrastructure upgrades for this project.

Wayne County
Lagoner Farms is a fifth generation farm supplying fresh, homegrown produce to the greater Rochester area for more than 100 years. Located in Williamson, NY, Lagoner Farms has diversified the crops grown on the farm, increased wholesale outlets, expanded its farmers’ markets, built a retail market, transitioned six acres of farmland to organic practices, and started a cider company called Embark Craft Ciderworks. RG&E provided funding assistance under its Agriculture Capital Investment Incentive Program to help offset electric infrastructure costs to meet the growing demand.

2018 NYSEG Project Highlights

Steuben County
Corelle Brands Holdings, Inc. is expanding production capacity and creating 25 new jobs, while retaining 515 positions. This modernization project will transform the facility known as the Pressware Plant into Corelle Brand's "Factory of the Future.". NYSEG, working in partnership with Empire State Development, Steuben County Industrial Development Agency and other community partners, has committed to provide economic development assistance to help offset costs for electric infrastructure upgrades for this project.

Chemung County
Corning Inc. installed a new line to produce new Valor Glass at its Big Flats manufacturing plant which will occupy approximately 85,000 square feet of floor space. This new line is being used for packaging in the pharmaceutical industry. NYSEG, working with Empire State Development and other community partners, will help offset costs for electric and natural gas infrastructure upgrades for the new line. The project at the Big Flats facility is expected to result in capital investments of approximately $44 million and create up to 133 new jobs for the Southern Tier.

Broome County
Binghamton University has opened its new $70 million, 114,000 square foot Smart Energy Building to accommodate research and development initiatives for its chemistry and physics departments. This project includes space for faculty, students and industry scientists and engineers to work side by side to create new energy technologies and maintain and expand the regional workforce. The facility was constructed to LEED Gold standards and includes a green roof, hydronic radiant heating in the floor and controlled LED lighting. NYSEG worked with its community partners to help offset the costs associated with electric infrastructure upgrades required for this project.

For more information on the companies economic development programs, visit http://www.lookupstateny.com/

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