Empire State Development Backs Henrietta's Infrastructure Revamp with $4.7 Million Grant
Funding | Jan 06, 2025 | New York Ventures Inc
Empire State Development has announced a $4.7 million grant aimed at upgrading the electrical infrastructure in Monroe County, facilitating residential and economic development in the Town of Henrietta. This initiative aligns with Governor Kathy Hochul’s economic development strategy to rejuvenate community growth across New York State. The grant will enable Rochester Gas & Electric (RG&E) to initiate infrastructure improvements ahead of schedule, enhancing power capacity to support new businesses, including those in advanced manufacturing and semiconductor supply. The project’s total cost is estimated at $17 million, with the new infrastructure expected to provide 50 MW of additional capacity to the region. Avangrid, the parent company of RG&E, highlights the critical role of this funding in meeting the growing demand for electricity and supporting regional economic expansion. The plan also promises to aid residential projects and enable commercial growth in the area, aided by nearly 1,000 proposed housing projects. The endeavor exemplifies the collaborative spirit of New York State's public and private sectors, aiming to build a reliable and sustainable power supply for future growth.
Sectors
- Energy and Utilities
- Economic Development
- Infrastructure Development
Geography
- United States – The entire initiative is taking place within the United States, specifically in the state of New York.
- New York – The article focuses on a development project in New York, specifically Monroe County and the Town of Henrietta.
Industry
- Energy and Utilities – The article discusses the upgrade of electrical infrastructure, a key aspect of the energy and utilities sector.
- Economic Development – The grant is part of a strategic investment to spur residential and commercial economic development in Monroe County.
- Infrastructure Development – The focus on upgrading electrical substations highlights activities related to infrastructure improvements.
Financials
- $4.7 million – The grant amount provided by Empire State Development for infrastructure upgrades in Monroe County.
- $17 million – The total projected cost of the electrical infrastructure upgrade project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Empire State Development | Grant Provider | Government | New York State’s chief economic development agency involved in promoting business growth and job creation. |
| Rochester Gas & Electric | Infrastructure Developer | Company | The utility company receiving the grant to manage electrical infrastructure improvements. |
| Avangrid | Parent Company | Company | Parent company of RG&E, overseeing infrastructure upgrades as part of its strategic initiatives. |
| New York State Public Service Commission | Regulatory Body | Government | A state agency involved in regulating utility services and fostering new strategic partnerships. |
| Governor Kathy Hochul | Government Official | Government | Governor of New York, under her administration, the grant has been provided to facilitate economic development. |
| Monroe County | Beneficiary | Government | The region receiving infrastructure upgrades which will fuel economic and residential growth. |
| Hope Knight | President, CEO & Commissioner | Person | President of Empire State Development, advocating for the infrastructure initiative. |
| Pedro Azagra | CEO | Person | CEO of Avangrid, expresses appreciation for the grant supporting infrastructure development. |