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 December 8, 2017

For Release: Immediately

Grants from Central Hudson Support Dutchess County Development

Central Hudson Gas & Electric Corporation provided two economic development grants to support business growth in Dutchess County. The first grant was provided to Hudson Valley Lighting, a world leader in the manufacture of decorative lighting, as part of their relocation to the business campus near the Hudson Valley Regional Airport. A second grant was awarded to Dutchess County to support the extension of its municipal water system to the business district in the area of the airport. The projects are expected to create jobs and enhance the local business environment.

"Central Hudson is committed to supporting economic development in our region through projects like these that leverage public and private sector partnerships to enhance our infrastructure and grow employment opportunities," said Anthony Campagiorni, Central Hudson's Vice President of Regulatory and Governmental Affairs.

A $200,000 Shovel Ready Sites grant was provided to Dutchess County for the extension of its municipal water system to Hudson Valley Regional Airport and nearby business district. Expansion of the water infrastructure has been cited as necessary to attract and retain employers in that area, and will enable development at the airport by providing sufficient water resources to meet emergency and safety standards. The project also allows for commercial and industrial development of more than 12 underutilized acres near the airport, and enhances water service to business campuses in East Fishkill.

Dutchess County Executive Marcus J. Molinaro said, "Central Hudson's economic development grants have helped to make the water line extension to the Hudson Valley Regional Airport a reality. This infrastructure is critical to developing this business corridor and attracting new businesses and investment. The project is already paying dividends with the attraction of Hudson Valley Lighting's new 260,000 square-foot corporate headquarters.  We are grateful to Central Hudson for being a driving force in our Th!nk Dutchess Alliance for Business economic development strategy."

Central Hudson also provided Hudson Valley Lighting with a $100,000 Building Revitalization grant. The company relocated to the former Southeast Container building near the airport, and the municipal water infrastructure upgrade was essential to their decision. With a capital investment of $17.4 million, Hudson Valley Lighting transformed the building with the installation of a new, energy efficient roof, new heating and cooling systems and a state of the art warehouse and operations center. This relocation allowed Hudson Valley Lighting to retain 46 jobs, with the potential to create additional jobs during the next year.

"Hudson Valley Lighting, LLC is committed to remaining in the Hudson Valley. When poised with opportunities to relocate, Central Hudson, along with others, demonstrated a commitment to retention of existing businesses," David Littman, Chairman, Hudson Valley Lighting, LLC.

"We are pleased to offer these grants to help promote the economic well-being of the Mid-Hudson Valley and to support companies and municipalities that bring investment into the region," said Campagiorni.

The Shovel Ready and Building Revitalization grants are funded through Central Hudson's Economic Development programs, to help attract businesses and employers to the Mid-Hudson Valley. Central Hudson offers a suite of economic development incentives to current and prospective businesses to help retain and develop new employment opportunities. For more information on Central Hudson's Economic Development programs, visit www.CentralHudson.com/EconomicDevelopment.

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Hudson Valley Lighting is a recipient of a $100,000 revitalization grant from Central Hudson. The company manufactures decorative lighting and relocated to the business campus near the Hudson Valley Regional Airport in Dutchess County.