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.
“This was not the most attractive opportunity for us to run our business operations most efficiently,” company spokesman John P. Russell told Newsday. He declined the opportunity to provide additional information.
The company had promised to maintain a workforce of 125 in return for the aid, although the center currently employs only about 100, down from 550 a decade ago.
Begun in 2011, ReCharge has assisted about 150 Long Island companies that pledged to invest $3 billion and maintain 60,000 jobs.
The Thomson Reuters allocation has been put back in the ReCharge power pool, the state said.