Investigative Post in March 2021 termed it “the mother of all subsidy deals.” The benefits included:
--Discounted market-rate electricity valued at $140 million.
--A 20-year property tax break valued at $118 million.
--Discounted hydropower valued at $7.9 million.
--A state tax credit worth $2 million.
--A New York Power Authority grant worth $1.5 million.
--And sales tax breaks valued at $1.1 million.
The total price tag: $269.5 million. The cost per job: $4 million. Analysts at the time said it was one of the largest subsidy packages they’d seen. MORE AT https://investigativepost.org/2026/03/11/massive-plug-power-project-at-stamp-officially-dead/
--Discounted market-rate electricity valued at $140 million.
--A 20-year property tax break valued at $118 million.
--Discounted hydropower valued at $7.9 million.
--A state tax credit worth $2 million.
--A New York Power Authority grant worth $1.5 million.
--And sales tax breaks valued at $1.1 million.
The total price tag: $269.5 million. The cost per job: $4 million. Analysts at the time said it was one of the largest subsidy packages they’d seen. MORE AT https://investigativepost.org/2026/03/11/massive-plug-power-project-at-stamp-officially-dead/
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