ReCharge New York is just one of the many ways Governor Andrew Cuomo says he is working to boost the state's economy. The program offers up to seven year contracts, providing low cost power to businesses across the state. Our Candace Hopkins tells us some companies say the savings are already piling up and helping to keep their operations firmly grounded here in New York.
EAST SYRACUSE, N.Y.-- Byrne Dairy has been a Central New York staple for more than 80 years, but like any business in the state, keeping operating costs down can be the struggle. That's why Governor Andrew Cuomo established long term contracts between the power authority and the businesses, guaranteeing low cost power.
Wednesday Byrne Dairy staff and local officials gathered to praise the program they say is already working.
"There markets are very competitive and by lowering our operating costs, it enables us to successfully compete with organizations across the country," said Byrne Dairy Board Chairman Bill Byrne.
Byrne Dairy exports products to 35 states and they say their company alone has already saved about $100,000. In turn, that money is invested back into the business to help it grow.
"By reinvesting back into our plants and into our infrastructure, we've been able to get some growth and growth challenges people, growth is very important and I think that we're trying to retract very talented people, talented people are going to come to work for a company where they see a future for themselves," said Byrne.
Before ReCharge New York companies were offered low cost power, but the contracts were short term and expired frequently. State officials say it was frustrating for businesses who never knew if the savings would last.
"The predictability and stability of a seven year contract verses the situation we were in not so long ago made it pretty difficult I know to participate in the programs," said State Senator David Valesky.
Byrne Dairy says the savings are allowing them to employ more people in their plants and stores and is helping finance their new yogurt plant currently under construction in Cortland County.
Currently 83 businesses and three not-for-profit organizations are participating in the ReCharge program.