Lowey Creates $15M Program to Help Communities near Indian Point
WASHINGTON, DC – Congresswoman Nita Lowey (D-Westchester/Rockland), Chairwoman of the House Appropriations Committee, announced a new $15 million program to make federal funds available to help the Lower Hudson Valley deal with the economic burden of the Indian Point Energy Center’s closure.
“I heard the serious concerns of the communities surrounding Indian Point loud and clear,” said Congresswoman Lowey. “I’m proud to have secured $15 million to create a program to help the Lower Hudson Valley deal with the economic burden of the Indian Point Energy Center’s closure. Indian Point has provided significant economic help to the municipalities, school district, and businesses near the plant, as well as being a major employer in the area. With the imminent closure of the plant, I have been working hard with local officials to find ways to build up the tax base. Our efforts are producing real results.”
Included in the fiscal year 2020 spending package expected to be signed into law later this week, these funds are part of a new competitive grant created by Congresswoman Lowey for communities affected by nuclear power plant closures. For the first time, communities experiencing economic loss from closing or previously closed nuclear power plants can apply for dedicated federal funding to get them back on their feet through the Economic Development Administration (EDA).
“I am so pleased to hear about this EDA money for communities affected by Nuclear Power Plant Closures that are in need,” said Theresa Knickerbocker, mayor of the Village of Buchanan. “I would like to thank Congresswoman Lowey for her support. She has understood from the beginning and been on the forefront of not only the local issue with the closing of Indian Point, but also the national issue that there are many other communities facing the devastating effects of Nuclear Power Plant closures.”
“This is an important step to ensuring the area around Indian Point gets the economic resources and development it needs to thrive,” said Congresswoman Lowey.
Congresswoman Lowey led the Congress in ignoring the Trump Administration’s request to eliminate the EDA. Instead, this spending bill includes $27.5 million above the fiscal year 2019 enacted level for EDA. This investment will leverage an additional $4.5 billion in local and private investment and support nearly 21,000 American jobs.