A rapidly growing drugmaker in Hauppauge is receiving more help from New York State to reduce its electric bills over seven years, officials said.
Contract Pharmacal Corp., which employs more than 900 people, has been awarded 572 kilowatts of discounted electricity from the Power Authority in return for promising to retain 406 workers and hire 33 more.
The manufacturer of over-the-counter drugs, vitamins and dietary supplements for pharmaceutical giants and retailers plans to invest $4 million in its seven plants, all of them in Hauppauge.
The help comes five months after Contract received 726 discounted kilowatts in exchange for protecting 500 jobs, adding 200 more and pledging to invest $19 million in operations.
A thousand kilowatts equal 1 megawatt, which is capable of powering 800 to 1,000 homes.
Contract also has secured tax incentives from the state and Suffolk County.
The drugmaker is among six businesses and not-for-profit organizations on Long Island winning utility-bill reductions under the Power Authority's ReCharge NY program. Contract received the largest allocation of low-cost electricity in the ninth round of awards and will create the most jobs, according to an announcement late Monday from Gov. Andrew M. Cuomo.
The state has given out 737 megawatts of the 910 available under the ReCharge initiative.
"By lowering electric rates for businesses and other enterprises across the state, the program has proved to be an invaluable resource that directly translates into spurring capital investment and securing jobs," said authority chairman John R. Koelmel.
Locally, the second-largest allocation of the latest awards, 246 kilowatts, is going to Nassau Health Care Corp. for its A. Holly Patterson nursing home in Uniondale. The aid will protect 505 jobs and support $91.5 million in building improvements and equipment purchases.
Others receiving cheap electricity:
Haig Press Inc. will use 220 kilowatts for a $100,000 upgrade of its Hauppauge printing facility, where 45 people work.
Highstreet IT Solutions Inc., a technology company in Islandia, will invest $2.7 million in cloud platform infrastructure in return for 196 kilowatts. The business expects to add eight people to its payroll of 80.
EB Industries will use 46 kilowatts for $900,000 in equipment purchases and improvements to its Farmingdale home. The welding services business has 21 workers.
Rising Sun Woodworking Inc. plans to move from Mattituck to Cutchogue and will use 20 kilowatts to support $500,000 in investments and maintain its workforce of 18 people.