AVANGRID is committed to sustainability through our investments and initiatives in our communities. Economic development and community
revitalization go hand in hand, and we can play an important role in upgrading infrastructure on a local level to jump-start
growth. AVANGRID is dedicated to being a good neighbor and community partner, which includes not only helping businesses thrive,
but providing affordable tools to ensure a cleaner, smarter energy future.
Economic development projects encourage energy-efficient economic growth to help existing businesses grow and attract new businesses to our communities. We partner with various local, regional and state stakeholders to forge public-private partnerships to promote sustainable economic growth in our communities. AVANGRID will continue to work in a collaborative manner with our economic development and community partners to help promote a strong and healthy economy across our service areas.
NEW YORK: PROJECT SUPPORT
Since 2010, New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) have provided more than $90 million in economic development assistance to support over 450 projects, leveraging over $4.4 billion in private sector and capital investments in New York State.
In 2018, NYSEG provided a $440,000 economic development grant to Corning, Inc. to offset electric and natural gas infrastructure costs associated with Corning’s recently completed expansion project in Big Flats, N.Y. Corning expanded its Corning Innovation Support Center to support a transition from an incubator research and development facility to a production facility for Corning Valor® Glass, a revolutionary pharmaceutical glass package. The investment is expected to create 185 new jobs and support more than 380 jobs overall in the Southern Tier of New York.
NEW SMART ENERGY BUILDING AT BINGHAMTON UNIVERSITY
NYSEG provided a $400,000 economic development grant designed to help businesses and institutions, including Binghamton University, grow and become catalysts for economic activity across New York. The funding helped offset electric-related infrastructure improvements and promote the research and development of energy-efficient systems.
Binghamton’s $70 million Smart Energy Building accommodates research and development initiatives for the departments of chemistry and physics. Laboratories, classrooms and offices allow faculty and students to work side by side with industry scientists and engineers to create new energy technologies and help maintain and expand the regional workforce. The building design also incorporates multiple energy-efficient systems. During the design and construction phase of this project, the investments made to build the Smart Energy Building had an economic impact of $90.7 million on the Broome/Tioga region. These expenditures also supported 915 local jobs, including 366 direct construction jobs.