WALTER ANNOUNCES NYPA FUNDING FOR LOCAL BUSINESSES

WALTER ANNOUNCES NYPA FUNDING FOR LOCAL BUSINESSES

Ingram Micro in Amherst, Graphics Control in Buffalo receive NYPA hydropower

 

Assemblyman Ray Walter (R,C,I-Amherst) announced today that the New York Power Authority (NYPA) Board of Trustees has tapped two Western New York businesses to receive 640 kilowatts (kW) of low-cost hydropower in support of more than 1,900 jobs and $3.7 million in capital investments. NYPA will provide hydropower allocations to Ingram Micro in Amherst and to Graphic Controls in Buffalo.

“Helping to create jobs and foster economic development is exactly what we as legislators and public officials should strive to do everyday,” said Walter. “I know that Ingram Micro’s presence in Amherst has been nothing but positive for our community, and I know that retaining Graphic Control in Buffalo is incredibly important to the employees and their families.”

Ingram Micro, the largest global wholesale technology distributor, was awarded a seven-year hydropower allocation in order to help support a second Amherst facility and 90 new jobs.  Ingram will invest $2.75 million, with the possibility of an additional $8.25 million in capital expenditures, as a result of the firm’s decision to remain in the region.

In addition, Graphic Controls, a manufacturer of data recording, medical and life science products, is considering plans consolidate some of its business in Buffalo later this year. Awarded a seven-year hydropower allocation, the firm will create 35 new jobs and invest a total of $950,000 into its Buffalo location to upgrade the facility’s electrical system, production equipment and infrastructure.

 

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