National Grid Investment Helps Adirondack North Country Association Build Foundation for Regional Business Growth

Attract investment and create jobs

SYRACUSE, N.Y. – National Grid and the Adirondack North Country Association announce a $25,000 Strategic Economic Development Program incentive from National Grid.

ANCA is an independent, non-profit organization that works to build dynamic, local economies that sustain thriving communities in northern New York.

The incentive helps ANCA offset the $72,000 in project costs associated with a strategic analysis of the economic drivers to attract entrepreneurs and businesses to the 14-county Adirondack North Country region. The analysis will create a blueprint to inform existing businesses, focus philanthropic investments, support the efforts of academic institutions to attract and retain students, and enhance business development, attraction and investment. The analysis will also enable organizations to make more targeted and informed decisions when developing and investing in jobs programs including:

  • Identifying the opportunities over the next five years for job growth and business expansion in the region’s eco-economy;
  • Understanding the trends, identifying opportunities and making recommendations to leverage strengths and attract new business and entrepreneurs to the region; and
  • Using the research to guide organizations working to attract critical investments to the region.

“The competition for economic development projects among states and regions continues to grow,” said Alberto Bianchetti, National Grid Central New York Regional Executive. “Through our various economic development programs, we partner with community leaders on projects to attract investment and create jobs to help drive the resurgence of the northern New York economy.”

The company’s Strategic Economic Development Program is designed to increase effective marketing and sales initiatives to generate out-of-state prospects for direct investment in the region. The program provides expertise and incremental resources to leverage business attraction through research, marketing and sales efforts.

The incentive is part of the company’s suite of economic development programs for upstate New York. Since the program’s inception in 2003, National Grid has provided an estimated $14.5 million in economic development incentives to businesses across the company’s northern New York service area.

“Thank you, National Grid, for helping to build the foundation to promote strategic investment decisions that can advance a more sustainable economy and increase business growth,” said Kate Fish, Adirondack North Country Association Executive Director. “The collaboration with our local partners and National Grid represents a unique partnership to bring together the pieces necessary to create the economic landscape for businesses to locate in northern New York.”

Between 2010 and 2014, the North Country has seen a .8 percent decrease in total employment and a 1.3 percent decrease in labor earnings. The population between 2000 and 2014 has grown only 1.9 percent compared to 13 percent in the U.S.

“The region’s economic growth is not keeping pace with other parts of the state despite multiple efforts at the municipal, county and regional levels. Many rural areas across the state and the nation have faced similar crises,” said Fish. “Changing the trajectory is a complex challenge.”

Since 2003, National Grid has provided an estimated $100 million in economic development funding to projects in upstate New York, helping to create or retain nearly 50,000 jobs and leveraging more than $9 billion in other private and public investment. The company’s suite of upstate New York economic development programs ranges from site development, urban revitalization, strategic marketing, and facilitation of customer growth through infrastructure assistance, energy efficiency and productivity improvement.

For more information and eligibility requirements, please visit www.shovelready.com.

About National Grid

National Grid (LSE: NG; NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. We are the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain.

National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions by 80 percent by 2050. Our Northeast 80x50 Pathway is an industry leading analysis for how to reach that goal in the states we serve, focusing on the power generation, heat, and transportation sectors.

Read more about the innovative projects across our footprint in The Democratization of Energy, an eBook written by National Grid’s U.S. president, Dean Seavers.

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2018-12-04T17:11:21+00:00Categories: News, Upstate NY|