AMC Networks plan $20M in improvements
AMC Networks Inc., owner of AMC, IFC, Sundance and other cable television channels, plans $20 million in improvements to its operations center in Bethpage, officials said Tuesday.
In return for buying new equipment and adding two people to its local workforce of 169, the Manhattan-based company will receive utility-bill reductions from New York State for seven years.
AMC is among six companies on Long Island winning incentives from the state Power Authority to support expansion projects valued collectively at $26 million. The state aid comes through the ReCharge NY program, established in 2011 by Gov. Andrew M. Cuomo and the State Legislature.
"Low-cost power is an important economic development tool for businesses to reduce their overall costs and make new investments," Cuomo said.
AMC's 620 Hicksville Rd. operation, called AMC Networks Broadcasting & Technology, distributes programming feeds for AMC's cable channels and Fuse, MSG Network, MSG Plus, MSG Varsity, SportsNet New York, and Mid-Atlantic Sports Network, according to company filings.
AMC will receive 836 kilowatts of low-cost power. A kilowatt, a measure of power equal to 1,000 watts, is enough electricity for a single home.
Separately, AMC plans $5 million in upgrades to its New York City office, and that project will get 280 kilowatts. An AMC spokesman confirmed the state approvals but declined further comment Tuesday.
Of the 910 megawatts available through ReCharge NY at reduced cost, 764 have been allocated. One megawatt equals one million watts.
Among the recent recipients, Select Products Holdings LLC expects to add the most jobs: 35 at a $5-million factory on Arnold Drive in Huntington. The new tissue manufacturer will receive 700 kilowatts.
In December, Select Products won an eight-year, $238,000-incentive package from the Suffolk County Industrial Development Agency, which primarily involved cutting property taxes.
The other businesses getting utility-bill reductions from the state are Air Stream Corp. in Oceanside, Formed Plastics Inc. in Carle Place, Island Pro Digital Inc. in Hauppauge and New York Label & Box Corp. in Islandia.
The latter two each won $50,000 grants for worker training as part of Cuomo's regional economic development councils' statewide competition.