"This program is going to allow us to be more competitive. Not only for our company but for the Mohawk Valley, to create additional jobs is really good for the local economy," says Jim Viti, DeIorios Vice President.
"And those are jobs that people in this area need and this will be great to see them not have to worry so much," says Greg Caloia, DeIorios new employee.
Caloia is a recent Utica College grad and thanks to this program, he already has a marketing job with DeIorios just months after graduation.
"Just to have the opportunity to get a job, which is a great thing for people right out of college, but also it's in my field," says Caloia.
The ReCharge Program is designed to give businesses the tools they need to spur economic development. The general manager says DeIorios spends a majority of money on power.
"Electricity is extremely expensive in the state of new york. This program, this recharge new york, is giving us the opportunity to make us more cost efficient. More importantly, it's making us more competitive in the marketplace," says Michelle Burnett, DeIorios General Manager and CFO.
DeIorios currently pays about 6 cents per killawatt of energy. The ReCharge Program will reduce a portion of their power to 3- 4 cents per killawatt. Viti says this will allow them to work on other facets of the company.
"The ability to lower that cost allows us to utilize those moneys towards new production lines and new people," says Viti.
"We're at 140 individuals working for us. We're adding another 50. That's pretty good for a company our size," says Burnett.
DeIorios says over the next 7 years, this will save the company 1 million dollars.
"Hopefully people will realize we can stay in the Mohawk Valley and there are jobs right here for us," says Caloia.
Governor Cuomo says the recharge new york program will create over 3,000 jobs and the vice president of DeIorios hopes to hire an additional 50 employees.