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N.Y. Power Authority to Sponsor Economic Development Conference

Ed Birdie

September 15, 2006


NEW YORK—The New York Power Authority (NYPA), the nation’s largest state-owned electric utility, will co-sponsor the International Economic Development Council’s (IEDC) annual conference, “Roadmap for the Knowledge Driven Economy,” at the Marriott Marquis Hotel, Sunday, Sept. 17 through Wednesday, Sept. 20. The IEDC is the world’s largest economic development membership organization.

The event, expected to draw more than 6,500 national and international participants to the Times Square area, will feature 120 speakers and more than 50 workshops, seminars, tours and receptions geared toward all types of economic development organizations. These include chambers of commerce and other business support agencies, community and neighborhood development organizations, technology development agencies, utility companies and educational institutions.

“What could be more fitting than the IEDC holding its annual conference in the greatest city in the world?” said Joseph Leary, NYPA’s director of public and governmental affairs for Southeastern New York. “If New York is the economic engine that drives the nation’s economy, then electricity is the fuel that powers that engine. The Power Authority is especially proud that we help keep that economic engine running smoothly with our clean, lower-cost electricity.”

IEDC Board Chairman Joseph Marinucci, who is also president of the Downtown Cleveland Alliance, said, “We are five years post 9/11 and we couldn’t think of a more appropriate location to hold such an important event. This year we will strive to teach and learn to create better jobs, better communities and a better future.”

Among the speakers scheduled are New York City Mayor Michael R. Bloomberg, Pennsylvania Governor Edward G. Rendell and UN Under-Secretary General for Economic and Social Affairs Jose Antonio Ocampo.

IEDC is a not-for-profit membership organization dedicated to helping economic developers do their jobs more effectively, thereby raising the profile of the profession. The organization holds professional development seminars, conferences and industry-focused workshops and provides a range of advisory services.

  About NYPA:

 ■    NYPA uses no tax money or state credit.  It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity.  ■    NYPA is a leader in promoting energy-efficiency, new energy technologies and electric transportation initiatives.  ■    It is the nation’s largest state-owned electric utility, with 18 generating facilities in various parts of the state and more than 1,400 circuit-miles of transmission lines.