Westchester County Business Journal 030617

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3-4 | POST NUCLEAR MARCH 6, 2017 | VOL. 53, No. 10

21 | RISING FIGURES

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White Plains bids again in Albany for its own IDA BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

T Lights, action, art Natalie Sena, founder of Sena Studios in Dobbs Ferry, left a job in higher education to pursue an artistic career. For story, see page 2. Photo by Aleesia Forni.

he city of White Plains might be hoping that persistence pays off. The city’s Common Council passed a resolution in February asking the state Legislature to allow the city to establish its own industrial development agency, the latest move in an effort that stretches back more than a decade. The council has passed similar legislation, called a home rule request, to start up a White Plains Industrial Development Agency in 2014, 2015 and 2016. Establishing an IDA has been a goal of Mayor Thomas Roach

since he took office in 2011, but he is not the first mayor to pursue it. Roach said he took up the effort from Joseph Delfino, a Republican who served as the city’s mayor for 12 years before choosing not to seek re-election in 2009. Throughout his time as mayor, Delfino also pursued a city IDA, which can offer tax breaks to businesses to help drive job growth. But the bid for a White Plains IDA has repeatedly faltered in Albany. Bills in the state Assembly and Senate have continually failed to gain traction. “The Legislature has been reticent to create any new IDAs,” said » IDA, page 6

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New business offers community supported solar BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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new online platform from a Bro ok ly n-ba sed startup is looking to offer Westchester customers a chance at tapping into power produced by community solar projects,

which are new to New York but expected to grow quickly. The PowerMarket, which launched in February, essentially creates a marketplace for people interested in buying the solar power produced by community solar arrays. The arrays are not hooked directly to any end user, such as a home or commercial office.

Instead, the power produced by the array is pumped into the grid and the contributions it makes are counted as net-metering credits. Those credits then can be used to offset the bills of members of the community solar project who pay to receive a share of the power credits. Every kilowatt that their share of the community solar array produces

means a kilowatt off their electricity bill. The PowerMarket’s platform wants to help connect people to those community solar arrays. “We are basically the glue between the customers, the utility and the (community-distributed energy) developer,” said Nick Baudouin, a co-founder of ProjectEconomics, the company

YOUR LOCAL COMMERCIAL LENDER

behind The PowerMarket. The service is available in New York City’s five boroughs and Westchester. ProjectEconomics describes itself as a community solar solutions provider. The six-person team is part of the ACRE clean energy incubator » SOLAR, page 6

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