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New York Power Authority Economic Development Awards to Spur Nearly $267 Million in Private Capital Investments
Governor Kathy Hochul announced economic development awards from the New York Power Authority that will spur nearly $267 million in private capital investments. Included among the awards, approved today by the NYPA Board of Trustees, is a low-cost Niagara hydropower allocation to Upstate Niagara that will support New York dairy farms and create 125 jobs. Additionally, the NYPA board approved nearly $12 million in Power Proceeds funding that will be directed to four organizations—three in Western New York and one in Northern New York.
Learn about the awardees here.
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