WAYLAND — Contract furniture manufacturer Gunlocke Company LLC was named one of 12 state businesses allocated a shared total of 6.45 megawatts of lower-cost economic development power, as part of the latest round of the ReCharge New York (RNY) Program.
According to a press release from the New York Senate, Gunlocke will be awarded an individual RNY power allocation of 1,680 kilowatts. The award is estimated to help the 100 year old industry leader retain 600 jobs, create 75 jobs, and generate $2.63 million in new capital investment.
“These economic development power allocations are vital to maintaining jobs and promoting economic growth and stability in the Southern Tier and Finger Lakes regions, and throughout upstate,” said Senator Tom O’Mara of the RNY program.
The RNY initiative was approved by the State Legislature and signed into law by Governor Andrew Cuomo in 2011. Sen. O’Mara co-sponsored the initiative, which is currently reducing costs for around 750 businesses and not-for-profit organizations statewide, helping to create jobs and increase capital investment.
The latest allocations are expected to support over 1,300 jobs and produce more than $29 million in new capital investment throughout the state.
“Many local businesses and manufacturers depend on this lower-cost energy to preserve jobs and stay competitive,” continued Sen. O’Mara. “ReCharge New York helps give employers like Gunlocke the long-term economic stability they need to retain and create jobs, and strengthen the state’s business climate.”
Gunlocke has an elite reputation for building and designing top end office furniture, including the famous “President’s Chair” in which John F. Kennedy used in his office, as well as other Presidents. Gunlocke is located in Steuben County just south of Livingston County.