Clad Metal Specialties Inc. was recently featured in Newsday for being awarded low-cost electricity from New York State. Clad Metal Specialties will receive 106 kilowatts from the state Power Authority’s ReCharge NY program in return for buying at least $80,000 in equipment. One of the planned purchases is an additional furnace for use with metals to fulfill defense and aerospace orders.
“Any reduction of expenses is helpful,” said Clad owner Denise Marcoccia, estimating the allocation will reduce the company’s electric bills by $12,000 per year. “Everything helps.”
Denise Marcoccia, the owner of Clad Metal Specialties, said the Power Authority is among several agencies helping her to reduce costs and become more competitive. Others are the Small Business Development Center and the Manufacturing and Technology Resource Consortium, both at Stony Brook University, and the Workforce Development Institute.
The business makes metal cladding used in airplanes, household appliances, automobiles, electronics, medical devices, satellites, and weapon systems. It’s a second-generation family-owned business dating to the 1970s under a different name.
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