More than $2.6 Million in Economic Development Grants Support Central, Northern New York Projects
National Grid invested more than $2.6 million in economic development funds in calendar year 2021 for projects in central and northern New York aimed at growing the regional economy. The company maintains a portfolio of economic development programs to restore vacant buildings, revitalize commercial corridors, and remediate brownfields to spur new business, expansion, and job growth.
“National Grid is more than just an energy delivery company,” said Alberto Bianchetti, regional director for National Grid. “We contribute to the engine powering the local economy by incentivizing projects that remediate and revitalize brownfields and vacant storefronts, promote entrepreneurship, and keep businesses in Central New York. These investments fuel economic growth, job creation and retention, and new business opportunities that have a positive impact on everyone living in the region.”
National Grid’s economic development programs align with the goals of Project C, a reaffirmation of the company’s commitment to the communities in which its employees live and work. The initiative is dedicated to leaving a lasting impact in areas including sustainability, neighborhood and community investment and workforce development.
“Communities directly benefit from National Grid’s economic development efforts as we help local businesses grow and attract new development to our region,” Bianchetti said. “Our customers see tangible benefits from these investments through an expanded job market, access to new businesses, and reinvigoration of the places where they live.”
National Grid contributed to the creation of the area’s first food hall, projects that created and retained local jobs, and the renewal of blighted properties in highly trafficked commercial areas, including:
Funding: $250,000 was awarded through National Grid’s Main Street Revitalization program, providing support for redevelopment of vacant buildings in commercial corridors.
United Auto Supply to build distribution center on Erie Boulevard West
Project: United Auto Supply, one of the largest auto parts wholesalers in the Northeast, plans to build an 80,000-square-foot warehouse and distribution center as a redevelopment of the former Roth Steel site on Erie Boulevard West in Syracuse. The company will invest $7.5 million in the site, resulting in more than 150 construction jobs and 50 new, permanent full-time positions at the company.
Funding: $250,000 from the Main Street Revitalization program.
Funding: More than $114,000 from two capital investment incentives to offset costs associated with upgrading utility infrastructure at new construction or expansion sites. National Grid provided more than $71,000 from its Electric Capital Investment Incentive program and $43,000 from the Natural Gas Capital Investment Incentive program.
The CleanTech Incubation program helped CommonSpace expanded its presence in Downtown Syracuse.
Funding: $100,000 through the CleanTech Incubation program, which supports development of self-sustaining entrepreneurial and innovation ecosystems that facilitate formation of new ventures or growth of high potential small ventures.
Lights shine on the Litatro Building in Oswego. National Grid's Main Street Revitalization program assisted with its construction.
Project: A $4.9 million renewal project in the center of Oswego turned an empty building into a vibrant, modern space. Demolishing the former Global Buffet building and constructing the five-story Litatro building at the corner of West First and Bridge Streets brought more than 20 market-rate apartments, plus commercial and restaurant space.
Funding: $65,000 from the Main Street Revitalization program.
Watertown Public Square projects continue
Project: A renovation project on Court Street in Watertown’s Public Square has converted a vacant building to a multi-purpose space. Local developer S&J Properties, LLC will renovate the buildings located at 168-170 Court St. to house a restaurant and event space. Upper floors will be market-rate apartments. The structure, built in the 1870s, is one of three projects on Court Street and a half-dozen on the Public Square to receive support from National Grid.
Funding: Provided by the Main Street Revitalization program.
A new web presence was part of the investment in Drum Country NY's marketing program
Funding: More than $33,000 from the Strategic Economic Development Outreach program, which supports expertise and capacity for research, marketing and sales efforts to attract new businesses to the region.
Funding: $25,000 from the Main Street Revitalization program.
Healthway Home Products expanded its Pulaski headquarters with assistance from National Grid
Funding: $19,000 from the Electric Capital Investment Incentive program.
Dairy cattle at feeding time. National Grid has programs to assist agribusiness with energy efficiency and productivity.
Funding: $3,000 from the Agribusiness Productivity fund, which provides support to dairy businesses, dairy farms and controlled environment agricultural facilities for energy efficiency, renewable energy and/or productivity improvements.
Additionally, National Grid provides economic development support during the pandemic through its Manufacturing Productivity Program. The program fast tracks economic development requests to assist businesses that transitioned their facilities to produce critical medical equipment and supplies needed to fight COVID-19.
About National Grid
About National Grid: National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.
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