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Power Authority makes awards to 2 expanding Erie County businesses

The New York State Power Project in Lewiston.
New York State Power Authority
The New York State Power Project in Lewiston.

The New York Power Authority Board of Trustees has approved economic development awards to three companies that will create 79 new jobs and spur nearly $46 million in capital investments.

The announcement came from Gov. Kathy Hochul.

"These awards will spur nearly $46 million in capital investments and create dozens of good-paying jobs in Western New York and the North Country, all while advancing the aggressive goals of our nation-leading climate agenda," Hochul said. "By providing businesses with the support and resources they need to thrive, we are revitalizing local communities and helping to secure a cleaner, more prosperous future for New Yorkers."

The NYPA board awarded two Erie County businesses with low-cost hydropower allocations generated at the authority's Niagara Power Project in Lewiston and one St. Lawrence County business with funding through the Northern New York Power Proceeds program.

LW1 Operator, a cannabis production company, was awarded 2,930 kilowatts of low-cost hydroelectric power by the NYPA Board. LW1 plans to invest at least $24.2 million to develop a 75,000 square-foot cannabis production facility in Buffalo that will create 75 jobs. The project will include activities related to cannabis manufacturing, cultivation, packaging and distribution.

NYPA's board also approved a 400-kilowatt, low-cost hydropower allocation to Niagara Refining in Erie County. The company is a manufacturer of tungsten raw materials, which are commonly used in alloys to create high-density items such as turbine blades, heat sinks and x-ray tubes.

Niagara Refining is planning a multifaceted expansion at its Depew facility that includes the installation of several critical systems. The expansion project will involve a capital investment of at least $8.3 million.