Gillibrand Calls on Feds to Provide Tax Credit for Wind Turbine Production in Syracuse, Rochester, Buffalo, and Ogdensburg
D’Arcinoff Group Would Use Financing To Retool Former Auto Plants and Other Manufacturing Sites In New York For Wind Turbine Production, Bringing Up to 15,000 Jobs To The Upstate Region
Washington, DC – U.S. Senator Kirsten Gillibrand today urged the federal government to approve an investment tax credit to build wind turbines in manufacturing sites in Syracuse, Rochester, Buffalo and Ogdensburg. The D’Arcinoff Group, a U.S. based company, is looking to operate clean technology manufacturing facilities in 15 plants across the U.S. According to their estimates, the four New York plants could employ up to 15,000 people, working in multiple shifts. If fully financed, Phase One of the project could create upwards of 800 jobs at Syracuse’s New Process Gear facility in DeWitt, 6,000 jobs in Rochester, 2,000 jobs in Buffalo, and 1,200 jobs in Ogdensburg.
“As we transition to clean energy production, this is an opportunity to build wind turbine components right here in Upstate New York,” Senator Gillibrand said, “To rebuild and fuel the new economy, we must harness the power of our manufacturing tradition. We can help create thousands of good paying jobs and bring new economic activity to our communities by reviving these former industrial sites.”
“The D'Arcinoff Group is pleased to have been working closely with Senator Gillibrand and her effective staff to bring its ambitious alternative energy project to a critical stage. The company expects to bring 15,000 long term energy industry manufacturing jobs to the state of New York and thousands more jobs across the country. The Senator's support in conjunction with other New York State officials has helped make the project a more effective program for the benefit of all participants,” said Michael C. Darcy, Chairman and CEO of the D’Arcinoff Group.
The D’Arcinoff Group is applying for an investment tax credit and related Treasury Grant from the Department of Treasury in order to redevelop many of our vacant car manufacturing facilities into manufacturing facilities for wind turbines, water electrolysis, solar thermal, and other equipment for an alternative energy program. The implementation of this project is expected to generate substantial benefits throughout the country. Specifically, this project would result in:
- Direct employment of 105,000 people, for at least seven years, spread over six states where the manufacture of approximately 25,000 wind turbines, solar thermal equipment and related electrolysis units will take place;
- The creation and support of another 1.2 million indirect and supplier-based jobs;
- The utilization of available auto industry facilities and personnel to reach full operation within 18 months; and
- The availability of 245,000 barrels per day synthetic jet fuel or diesel at a fixed price to the U.S. Government and broader domestic market as well as 300,000 megawatt hours per day of electricity.
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