Lower-Cost NYPA Electricity to Help
Create 140 Jobs in Green Island; Silhouette Optical and Case Group Planning
April 30, 2003
FOR IMMEDIATE RELEASE
NEW YORK—Allocations of lower cost electricity approved
Tuesday by the New York Power Authority (NYPA) Trustees will help make it
possible for two companies to build multi-million dollar manufacturing
facilities at an industrial park in the Village of Green Island and create
about 140 new jobs over the next three years.
Silhouette Optical, Ltd., a manufacturer of
high-fashion eyewear, and the Case Group, which makes window and door
systems, have promised to create the jobs in return for NYPA allocations of
450 kilowatts (kw) and 250 kw, respectively.
“The lower cost power will help create new
manufacturing facilities at the Green Island Industrial Park, along with
various tax incentives and other benefits stemming from the park being in
the boundaries of the Albany County Empire Zone,” said Louis P. Ciminelli,
NYPA chairman. “Governor Pataki has worked to designate such zones in
various parts of the state to attract businesses and encourage investments,
which is precisely what we’re doing in Green Island with the new jobs being
The two allocations will be made through the Green
Island Power Authority from a block of 108,000 kw set aside for economic
development for areas served by the state’s 51 municipal electric systems
and rural cooperatives. These are systems whose full or partial electricity
requirements are met by NYPA, with the power that they purchase resold to
the electricity consumers in those communities.
Silhouette Optical is relocating to the Green Island
Industrial Park from Northvale, N.J., where space constraints have limited
its ability to expand production capacity and add new jobs. A new
50,000-square-foot facility is expected to meet its growth needs, with the
company planning to invest approximately $6 million and add about 110 new
The Case Group is moving to Green Island from nearby
Schenectady after considering locations in four other states for expanding
its operations. The company is planning to spend about $3.6 million on a
45,000-square foot facility in the industrial park. Its current employment
level of 12 is expected to increase to 40.
Last January, the NYPA trustees approved a third
allocation to the Green Island Power Authority to help the Sealy Mattress
Co. expand and create 230 new jobs over the next three years at a new
facility in the same industrial park. That allocation, from the same power
allocation program benefiting Silhouette and Case, totaled 500 kw.
Half of the electricity under the program is low-cost
hydropower from NYPA’s Niagara Power Project near Niagara Falls. That power
is among the least expensive in the state.
The remaining half is available from other economic
power sources arranged by NYPA. Municipal systems like Green Island also
have the option of purchasing this amount on their own from other sources.
Charles Gargano, chairman of Empire State Development (ESD),
said, “Since taking office, Governor Pataki has put in place key initiatives
to encourage businesses to move to New York State. These important programs
include discount-priced electricity, as well as the successful Empire Zones
that promote the growth and expansion of our business community throughout
this state. These initiatives have placed New York State in a far better
position then we once were to compete and win projects and the confidence of