SolarCity Approved for $485 Million Dollar Grant
The state board has approved a $485.5 million grant for a key piece of the Buffalo Billion program, according to WGRZ. The Buffalo Billion program is a plan by Governor Cuomo to spend 1 billion dollars to revitalize Buffalo.
SolarCity is a solar power company whom plans to bring close to 2,000 jobs to buffalo and 5,000 jobs in the first 10 years. If the company doesn't keep its commitments, its contract calls for a almost $42 million dollar penalty fee each year.
Find out more about SolarCity here.