NIAGARA FALLS, N.Y. (AP) -- New York state officials say an idle industrial plant in Niagara Falls will reopen next year as a silicon production facility.
The dormant Globe Metallurgical plant will operate under the ownership of Globe Specialty Metals, a producer of metallurgical and chemical-grade silicon metal and silicon-based specialty alloys.
It's expected to create 500 new jobs.
The New York Power Authority on Tuesday aided the reopening of the plant by approving a 40-megawatt allocation of low-cost power. Globe also is in line for about $25 million in state Empire Development Zone benefits.
Gov. David Paterson says the deal proves New York can be competitive when it pools its resources.
