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Article: POWER SUBSIDY CUTS JOLT 31 CNY BUSINESSES; STATE TO DECREASE AID TO THOSE WHOSE EMPLOYMENT FIGURES FELL BELOW TARGET.(Business)
- Article from:
- The Post-Standard (Syracuse, NY)
- Article date:
- December 8, 2005
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Byline: Mike McAndrew Staff writer
Thirty-one Syracuse-area companies are among 132 New York businesses whose allocation of state-subsidized electrical power has been reduced because the companies did not employ as many workers as they promised.
Cuts in the Power for Jobs program could jolt some Central New York companies.
Crucible Specialty Metals, in Geddes, is facing a subsidy cut worth $25,000 per month or about $300,000 per year, said Michael Saltzman, who speaks for the New York Power Authority.
"That's a cost we can't pass on to our customers," said Jim Beckman, Crucible's president.
He said that Crucible has asked ...