MASSENA, N.Y. (AP) – Alcoa has backed off a plan to close its smelting operations in northern New York after the state agreed to a series of incentives.
Gov. Andrew Cuomo announced the deal to workers at the plant Tuesday.
Under the terms of the agreement, the plant will remain open for at least three-and-a-half years. The state will offer up to $30 million in electricity and $38 million for upgrades and improvements at the plant.
Cuomo and Sen. Charles Schumer negotiated the deal after Pittsburgh-based Alcoa announced the plant’s closure earlier this month. The move would have put nearly 500 people out of work.
Cuomo, a Democrat, received cheers when he told workers their jobs would be saved. He says the shutdown would have been devastating to the local economy.
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