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 December 14, 2017

For Release: Immediately

Central Hudson Supports Economic Development in the Mid-Hudson Valley

Central Hudson Gas & Electric Corporation invested more than $1 million in economic development grants to local firms during 2017 in order to benefit the local economy and to create and retain high-quality jobs. Since 2004, Central Hudson has partnered with more than 30 organizations to provide more than $13 million in grants in support of development projects in the region.

“Our Economic Development programs and grants help boost our economy and attract employers to the Mid-Hudson Valley,” said Vice President of Regulatory and Governmental Affairs Anthony Campa­giorni. “As a strategic development partner in the re­gion, Central Hudson plays a key role by providing programs that strength­en our local business environment.”

Grants provided by Central Hudson’s Economic Development programs are offered to companies that create new jobs; locate or relocate to shovel-ready sites; invest in processes to retain existing jobs; revitalize older facilities; and/or invest in wired innovation centers.

During the year, Central Hudson provided grants to organizations across the region, including:

  • Crossroads Brewing’s new facility in the Village of Catskill;
  • Hudson River Housing toward the trans­formation of a 143-year-old former factory into a mixed-use building featuring apartments, commercial and community spaces;
  • Hudson Valley Housing Develop­ment Fund and County Players Theater for the redevelopment of sections of Main Street in the Village of Wappingers Falls;
  • SUNY Ulster for the construction of the Darlene L. Pfeiffer Technology and Innovation Lab;
  • Dutchess County for an extension of the county’s munic­ipal water system near the Hudson Valley Regional Airport; and
  • McKesson Pharmaceutical for construction of a new distribution center in Orange County.

 “For decades, our economic development programs have contributed to the creation and retention of hundreds of jobs, and they have helped to attract new businesses and industries throughout our region,” said Campagiorni. He cited other recent projects supported by Central Hudson, including a Wired Innovation Center grant toward the development of an Advanced Manufacturing Center at SUNY New Paltz, and Main Street Revitalization grants awarded to the cities of Poughkeepsie, Kingston and Newburgh for initiatives to help revive urban centers.

In addition to supporting specific projects, Central Hudson founded and continues to support the Hudson Valley Eco­nomic Development Corporation, a regional marketing and economic develop­ment leader now in its fifteenth year.

“Central Hudson’s Economic Development grants are available to help companies grow and thrive, and we actively pursue projects that will benefit our region by creating new jobs and capital investment,” said Campagiorni. “We hope the success of these organizations will attract other companies to the region by showcasing the many benefits of doing business in the Hudson Valley.”

Central Hudson’s economic development programs have been funded primarily by a Community Benefit Fund, established by the sale of its former power plants in 2000, and through the energy company’s parent, Fortis, Inc. For more information, visit www.CentralHudson.com/EconomicDevelopment.

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