Governor Pataki's `Power for Jobs' Program Continues Strong Performance.Business Editors MARCY, N.Y.--(BUSINESS WIRE)--July 25, 2000 C.D. "Rapp" Rappleyea, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Power Authority chairman and chief executive officer, said Tuesday that companies receiving low-cost electricity under Governor George E. Pataki's hugely successful "Power for Jobs" program continue to protect and create jobs beyond expectations. "As part of Governor Pataki's efforts to energize en·er·gize v. en·er·gized, en·er·giz·ing, en·er·giz·es v.tr. 1. To give energy to; activate or invigorate: "His childhood the Empire State's economy, 'Power for Jobs' has helped employers to preserve about 270,000 jobs -- 12,000 of them new jobs -- in just three years. "Our reviews of the job commitments linked to 'Power for Jobs' continue to show that, overall, employers are exceeding their obligation to preserve jobs," Rappleyea noted. An audit of employers receiving their first allocations of "Power for Jobs" electricity during the second half of 1998 showed those employers had exceeded their job commitments by more than 800 jobs. The 107 employers reported actual employment of 62,390 workers compared with job commitments totaling 61,559. A previous audit for the first half of 1998 showed initial recipients during that period exceeded job expectations by nearly 2,000 jobs. "The fact that employers are producing jobs beyond their commitments is further evidence that 'Power for Jobs' is helping to stimulate New York's economy," Rappleyea said. In return for lower electricity costs, "Power for Jobs" recipients agree to create or retain specified numbers of jobs. If they fail to meet their commitment, Power Authority trustees may reduce the power allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as and/or job commitment. After reviewing the "Power for Jobs" audit for the last half of 1998, the trustees Tuesday rescinded the power allocation for CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) International Inc. in Buffalo, which expects to curtail cur·tail tr.v. cur·tailed, cur·tail·ing, cur·tails To cut short or reduce. See Synonyms at shorten. [Middle English curtailen, to restrict operations by the end of the year. The company had received 1,000 kilowatts (kw) for a job commitment of 338 jobs. The trustees also reduced the power allocation and job commitment for Carton-Craft Corp. in Buffalo, which averaged 50 percent of its job commitment during the past year. The 300-kw allocation was cut by half, and the job commitment reduced to a range of 158 to 191 over three years. The company manufactures children's board books and juvenile novelty Novelty is the quality of being new. Although it may be said to have an objective dimension (e.g. a new style of art coming into being, such as abstract art or impressionism) it essentially exists in the subjective perceptions of individuals. items. Job commitments were reduced for Blythedale Children's Hospital Blythedale Children's Hospital is a children's hospital in Valhalla, New York, United States. in Valhalla, Westchester County, to a range of 346 to 356 jobs over three years, and for SEPP (Single Edge Processor Package) A CPU module from Intel that held Celeron chips and their L2 cache chips. The SEPP, which plugged into Slot 1 on the motherboard, was the bare printed circuit board. Group in Binghamton, a private not-for-profit housing development agency, because of changes in calculations of full-time equivalent Full-time equivalent (FTE) is a way to measure a worker's involvement in a project, or a student's enrollment at an educational institution. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. positions. Blythedale receives 150 kw and SEPP receives 80 kw. Because of prospects for job growth in the near future, the trustees maintained allocations for 16 other "Power for Jobs" recipients that fell below job commitments. "Power for Jobs" was created by legislation signed by Governor Pataki in 1997. Some 650 employers across the state are now "Power for Jobs" customers. |
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