Broadridge receives low-cost power allocation from NYPA

Broadridge Financial Solutions is seeking an extension of its existing low-cost power allocation from the New York Power Authority (NYPA) under the ReCharge NY program. The current allocation provides 2,400 kilowatts of hydroelectric power, supporting over 1,700 jobs. The NYPA Board of Trustees will review the application, indicating a continued commitment to supporting businesses within New York State through access to affordable power. This deal underscores the importance of public-private partnerships in fostering economic development and job creation through strategic energy initiatives. The involvement of New York City agencies, as potential beneficiaries or stakeholders, further highlights the broader impact of this power allocation on the region's infrastructure and economic landscape. While the financial value of the extended power allocation is not disclosed, the deal's significance lies in its potential to sustain existing jobs and potentially incentivize further investment by Broadridge in New York. The extension also reflects NYPA's ongoing role in providing low-cost power to businesses, leveraging its hydroelectric assets to promote economic growth. The outcome of the NYPA Board's review will be closely watched by other businesses seeking similar support and by stakeholders interested in the state's energy policy and economic development strategy.