ReCharge NY

No. 425: Healthy hospitals, debt-free docs and a ReCharged LI – plus, the big book of bioelectronics

  Half full: Welcome to Wednesday, dear readers, and the midpoint of this latest summery week of socioeconomic progress. Hard to believe, but tomorrow is already Aug. 1 – making today July 31, a busy one for the sweet-toothed (National Raspberry Cake Day, National Cotton Candy Day and National Jump For Jelly Beans Day) and puppy-lovers (National Mutt Day, an annual mixed-breed mixer). Aloha: To our readers in the great State of Hawaii, a happy…


In Contract Pharmacal, Albany’s job-making blueprint

By GREGORY ZELLER // New York might not have the best reputation among national entrepreneurs, but that doesn’t mean an independent business can’t thrive here – and Albany is trumpeting a Long Island success story as proof of the state’s economic-development chops. On Tuesday, the Empire State Development Corp. and the New York Power Authority issued an update on Contract Pharmacal Corp., a family-owned pharmaceuticals manufacturer that has made several job-creation and facilities-investment promises in…


7 LI firms in line for cheap(er) power

Seven Long Island companies have been awarded lower-cost power from the state’s ReCharge NY program in exchange for creating or preserving 1,300 jobs and investing more than $31 million in facility and equipment enhancements. In play: 1,574 kilowatts of discounted electricity, or enough to power about 1,500 homes. The largest award – 390 kilowatts – went to Melville’s Poly-Pak Industries, which promised to retain 225 jobs and spend $1 million on new equipment. Entourage Commerce,…


ReCharge NY powers up 13 on LI

New York State bet heavy on Long Island in its latest round of ReCharge NY funding. Leveraging $16.2 million in capital investments, the New York Power Authority will send 1,296 kilowatts of low-cost power to 13 Long Island-based businesses, representing significant chunks of the kWs distributed (5,346 total) and statewide capital investments leveraged ($57.7 million) in Tuesday’s ReCharge NY announcement. The Island’s low-cost kilowatts were second only to the 2,046 kWs being funneled to Western…


Thomson Reuters eyeing an exit?

News and information giant Thomson Reuters has turned down an allocation of low-cost electricity from the state’s ReCharge NY program that would have lowered operating costs at the company’s Hauppauge data center. The power subsidy was part of a state aid package supporting a proposed $5 million revamp of the facility, including upgrades to cooling systems and generators. It was unclear if the company planned to move forward with the project or even stay on Long Island….