Glass container maker to make $37 million investment as a result of Recharge NY program

ALBANY - Anchor Glass Container Corp., a Southern Tier glass container maker, is receiving 6.6 megawatts in low-cost electricity through the ReCharge NY program that will allow the company to retain 340 jobs and invest $37.2 million in its facility.

Representatives of the New York Power Authority and Anchor Glass were joined on Tuesday by local elected and economic development officials at the company's 100-year-old glass container production facility in Elmira Hills in Chemung County.

"Electricity costs are an important factor that businesses take into account when looking to expand and make new investments," Governor Andrew Cuomo said. "The ReCharge NY program has given businesses and other enterprises across New York long-term certainty of stable electricity rates so they have the confidence they need to retain and create jobs. These new investments at Anchor Glass demonstrate the state's new approach to improve our business climate, create jobs, and grow the economy."

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600450 Glass container maker to make $37 million investment as a result of Recharge NY program
Date: 24 September 2012

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