AMSTERDAM, NY (12/02/2010)(readMedia)-- National Grid in upstate New York today presented nearly $100,000 to Fiber Glass Industries in Amsterdam, NY in its continuing support of the local communities and businesses it serves. The Capital Investment Incentive grant will be used to partially offset the cost for the construction of gas and electric facilities to the new 25,000 square foot expansion of the company's facility.
"Investments such as this help communities like Amsterdam remain strong," said Joseph Russo, National Grid regional economic development representative. "In these challenging economic times, it is important to support projects that mean expanded business and additional employment opportunities."
The newly expanded facility is expected to add 12 new jobs within five years and is part of the company's $10 million investment in new equipment that will allow Fiber Glass Industries to produce a new, advanced fiber strand.
"Production of our new fiber strand required a new electric furnace and other equipment," said Kathryn Brannon, President of Fiber Glass Industries. "The support of National Grid along with State and County support has made expansion a reality."
Ken Rose, Executive Director of the Montgomery County Business Development Agency, said, "National Grid has always been a tremendous partner with us here on our
economic development projects. This Capital Investment grant demonstrates their ongoing commitment to that partnership."
"I want to thank National Grid for their investment in Fiber Glass Industries," said Congressman Paul Tonko. "National Grid's partnership with local business is helping keep our community strong and is advancing the type of economic opportunity that will help create new jobs."
National Grid's Capital Investment Incentive grant program provides funding to
support business expansion projects located in National Grid's upstate New York service territory. Applicants requests can include: Improvements to National Grid's electric or natural gas system, such as line extensions or upgrades to transmission lines or distribution feeders, that require a customer contribution; conduit, trenching, and backfill associated with National Grid owned infrastructure; customer owned substations and related equipment where a new or expanding customer increases their service.
Fiber Glass Industries, Inc. of Amsterdam, NY has been a fiberglass manufacturer and supplier to composites manufacturers for over 50 years. The company invented and produces Fabmat, which is constructed using woven roving and fiberglass mat. Fiber Glass Industries manufactures premium quality, direct draw roving used in reinforced plastics manufacturing and the corrosion, marine, infrastructure, wind energy and construction industries.
This National Grid grant is part of the company's comprehensive economic development plan for upstate New York. For more information and program descriptions, visit National Grid's Economic Development
National Grid is an international energy delivery company. In the U.S., National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA). It is the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in Massachusetts, New Hampshire, New York and Rhode Island. National Grid also owns over 4,000 megawatts of contracted electricity generation that provides power to over one million LIPA customers.
Electric bicycles , Electric bikes , electric bicycle supplier, electric bike supplier, electric mountain bikes , Electric scooter bikes , Electric tricycle , Electric motorbikes , e-bike kits , Electric bicycles Size , Electric bikes frame
