Alcoa has committed to investing $42 million to modernize its Massena aluminum production facilities, preserving 900 jobs for the north country, in a deal with the state that guarantees a long-term supply of low-cost electricity from the New York Power Authority.
The critical development, announced by Gov. Andrew M. Cuomo at the close of business Friday, was met with enthusiasm and a huge sigh of relief from community leaders who had been anxiously awaiting Alcoa’s decision as a Sunday deadline approached. The official announcement is scheduled for today in Massena. [Read more...]