Types of Eligible Economic Benefits. Eligible Economic Benefits shall include expenditures made from the Economic Benefits Start Date through the end of the first three (3) Contract Years of the Contract Delivery Term within the following categories: Payments for labor-related expenditures for work that is performed in New York State or subject to the Project Labor Agreement or Labor Peace Agreement approved by NYSERDA pursuant to Section 18.11 and 18.11-a of this Agreement. Examples include gross wages (including employer-side payroll tax payments), and benefit costs incurred in association with the employment of construction, boat crews, rail and port workers, contractors and laborers, operations and maintenance personnel, engineering or environmental service providers, researchers, consultants, other employees and financial and legal service providers associated with the Selected Project. Work performed in federal waters shall be considered to be performed in New York State for purposes of this Exhibit I if the workers are based out of facilities located in New York State. Payments for in-state purchases of goods and services. Includes expenditures as a result of: The purchase and consumption of local goods and services (including sales tax), such as, but not limited to, food, lodging, vehicles, equipment, fuel; and/or The purchase of materials sourced from within New York State such as, but not limited to, gravel, steel, iron, concrete and similar materials and/or the purchase and use of equipment and products manufactured or assembled within New York State and/or the use of rental equipment or similar supplies sourced within New York State (wind turbine components not manufactured within New York State are excluded). Payments, rents and taxes paid to local New York State entities. Includes: New or increased payments to jurisdictions in New York State from the Economic Benefits Start Date through the end of the first three (3) Contract Years of the Contract Delivery Term, including tax payments, PILOT payments, and/or payments under Host Community Agreements. Payments to fishing mitigation or compensation initiatives; and/or Payments intended to mitigate the visual, environmental, historical, cultural or other impacts associated with development, construction, operation or decommissioning of the Selected Project. Financing expenditures (fees to in-state banks related to financing transactions but not the cost of borrowing). Transmission and interconnection fees and expenditures, including those paid to NYISO or a New York utility relating to services provided within New York State. Expenditures associated with overbuilt transmission, that is, transmission in excess of what is required to accommodate the Selected Project, may not be claimed; provided, however, that fees and expenditures associated with transmission and interconnection facilities, and upgrades to such facilities, identified through the NYISO interconnection process and funded by the Seller shall qualify as Eligible Economic Benefits. Other expenditures, accompanied by supporting explanation that establishes that such expenditures are specific to the Selected Project and support spending and job creation in New York; provided, however, that in no case shall Seller’s costs of preparing the Proposal be considered an Eligible Economic Benefit. Long-term capital investments by Seller and/or its Affiliates in offshore wind-enabling supply chain, infrastructure, workforce development and research and development initiatives in the state that are intended to have an enduring impact on the offshore wind industry and the New York State economy. These Economic Benefits may include: Investments in the offshore wind-related supply chain, such as ports that provide staging, assembly or other services to the offshore wind industry, and manufacturing infrastructure for components used in the manufacture of offshore wind generation or interconnection equipment. Investment in transportation facilities capable of serving future offshore wind installation, operation and maintenance needs, such as investment in Xxxxx Act-compliant vessels. Investments in workforce development applicable to future offshore wind development in New York State, such as establishing a training facility, donating key components for training purposes to technical schools in New York State, building of training labs or materials testing facilities. Investments in Industry Growth Activities (see Exhibit D) may be included if they create capabilities to support future offshore wind facilities. Investment in research and development in New York State applicable to improvements in offshore wind generation and delivery equipment and technology. Investments in development of broadly-applicable sea bed, wind and metocean data (not specific to the Selected Project), fisheries and wildlife data, that will be made publicly available, and that have beneficial impact to future offshore wind development that would benefit New York State. This category shall include expenditures undertaken pursuant to Section 12.10 of this Agreement and approved by NYSERDA as described therein. Other capital investments of this type accompanied by an explanation demonstrating their effect to support the development of the offshore wind industry supply chain and future offshore wind investment in New York. Other Project-specific or offshore wind industry enabling expenditures, accompanied by supporting explanation that establishes that such expenditures are incremental or support spending, job creation and retention in New York.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement
Types of Eligible Economic Benefits. Eligible Economic Benefits shall Shall include expenditures made from the Economic Benefits Start Date January 1, 2020 through the end of the first three (3) Contract Years of the Contract Delivery Term within the following categories: Payments for labor-related expenditures for work that is performed in New York State or subject to the a Project Labor Agreement or Labor Peace Agreement approved by NYSERDA pursuant to Section 18.11 and 18.11-a of this Agreement. Examples include gross wages (including employer-side payroll tax payments), and benefit costs incurred in association with the employment of construction, boat crews, rail and port workers, contractors and laborers, operations and maintenance personnel, engineering or environmental service providers, researchers, consultants, other employees and financial and legal service providers associated with the Selected Project. Work performed in federal waters shall be considered to be performed in New York State for purposes of this Exhibit I if the workers are based out of facilities located in New York State. Payments for in-state purchases of goods and services. Includes expenditures as a result of: The purchase and consumption of local goods and services (including sales tax), such as, but not limited to, food, lodging, vehicles, equipment, fuel; and/or The purchase of materials sourced from within New York State such as, but not limited to, gravel, steel, iron, concrete and similar materials and/or the purchase and use of equipment and products manufactured or assembled within New York State and/or the use of rental equipment or similar supplies sourced within New York State (wind turbine components not manufactured within New York State are excluded). Payments, rents and taxes paid to local New York State entities. Includes: New or increased payments to revenues for jurisdictions in New York State from the Economic Benefits Start Date January 1, 2020 through the end of the first three (3) Contract Years of the Contract Delivery Term, including tax payments, PILOT payments, and/or payments under Host Community Agreements. Payments to fishing mitigation or compensation initiatives; and/or Payments intended to mitigate the visual, environmental, historical, cultural or other impacts associated with development, construction, operation or decommissioning of the Selected Project. Financing expenditures (fees to in-state banks related to financing transactions but not the cost of borrowing). Transmission and interconnection fees and expenditures, including those paid to NYISO or a New York utility relating to services provided within New York State. Expenditures associated with overbuilt transmission, that is, transmission in excess of what is required to accommodate the Selected Project, may not be claimed; provided, however, that fees and expenditures associated with transmission and interconnection facilities, and upgrades to such facilities, identified through the NYISO interconnection process and funded by the Seller shall qualify as a Eligible Economic Benefits. Other expenditures, accompanied by supporting explanation that establishes that such expenditures are specific to the Selected Project and support spending and job creation in New York; provided, however, that in no case shall Seller’s costs of preparing the Bid Proposal be considered an Eligible Economic Benefit. Long-term capital investments by Seller and/or its Affiliates affiliates in offshore wind-enabling supply chain, infrastructure, workforce development and research and development initiatives in the state that are intended to have an enduring impact on the offshore wind industry and the New York State economy. These Economic Benefits may include: Investments in the offshore wind-related supply chain, such as ports that provide staging, assembly or other services to the offshore wind industry, and manufacturing infrastructure for components used in the manufacture of offshore wind generation or interconnection equipment. Investment in transportation facilities capable of serving future offshore wind installation, operation and maintenance needs, such as investment in Xxxxx Act-compliant vessels. Investments in workforce development applicable to future offshore wind development in New York State, such as establishing a training facility, donating key components for training purposes to technical schools in New York State, building of training labs or materials testing facilities. Investments in Industry Growth Activities (see Exhibit D) may be included if they create capabilities to support future offshore wind facilities. Investment in research and development in New York State applicable to improvements in offshore wind generation and delivery equipment and technology. Investments in development of broadly-applicable sea bed, wind and metocean data (not specific to the Selected Project), fisheries and wildlife data, that will be made publicly available, and that have beneficial impact to future offshore wind development that would benefit New York State. This category shall include expenditures undertaken pursuant to Section 12.10 of this Agreement and approved by NYSERDA as described therein. Other capital investments of this type accompanied by an explanation demonstrating their effect to support the development of the offshore wind industry supply chain and future offshore wind investment in New York. Other Project-specific or offshore wind industry enabling expenditures, accompanied by supporting explanation that establishes that such expenditures are incremental or support spending, job creation and retention in New York.Verification
Appears in 1 contract
Samples: Sale Agreement
Types of Eligible Economic Benefits. Eligible Economic Benefits shall Shall include expenditures made from the Economic Benefits Start Date January 1, 2021 through the end of the first three (3) Contract Years of the Contract Delivery Term within the following categories: Payments for labor-related expenditures for work that is performed in New York State or subject to the a Project Labor Agreement or Labor Peace Agreement approved by NYSERDA pursuant to Section 18.11 and 18.11-a of this Agreement. Examples include gross wages (including employer-side payroll tax payments), and benefit costs incurred in association with the employment of construction, boat crews, rail and port workers, contractors and laborers, operations and maintenance personnel, engineering or environmental service providers, researchers, consultants, other employees and financial and legal service providers associated with the Selected Project. Work performed in federal waters shall be considered to be performed in New York State for purposes of this Exhibit I if the workers are based out of facilities located in New York State. Payments for in-state purchases of goods and services. Includes expenditures as a result of: The purchase and consumption of local goods and services (including sales tax), such as, but not limited to, food, lodging, vehicles, equipment, fuel; and/or The purchase of materials sourced from within New York State such as, but not limited to, gravel, steel, iron, concrete and similar materials and/or the purchase and use of equipment and products manufactured or assembled within New York State and/or the use of rental equipment or similar supplies sourced within New York State (wind turbine components not manufactured within New York State are excluded). Payments, rents and taxes paid to local New York State entities. Includes: New or increased payments to revenues for jurisdictions in New York State from the Economic Benefits Start Date January 1, 2021 through the end of the first three (3) Contract Years of the Contract Delivery Term, including tax payments, PILOT payments, and/or payments under Host Community Agreements. Payments to fishing mitigation or compensation initiatives; and/or Payments intended to mitigate the visual, environmental, historical, cultural or other impacts associated with development, construction, operation or decommissioning of the Selected Project. Financing expenditures (fees to in-state banks related to financing transactions but not the cost of borrowing). Transmission and interconnection Interconnection fees and expenditures, including those paid to NYISO or a New York utility relating to services provided within New York State. Expenditures associated with overbuilt transmission, that is, transmission in excess on the development and construction of what is required to accommodate the Selected Project, Associated New Transmission Facility may not be claimedincluded as Eligible Economic Benefits; provided, however, that fees payments for construction labor on the Associated New Transmission Facility may only qualify if the developer of such facility agrees voluntarily to adhere to Sections 18.10 and expenditures associated with transmission and interconnection facilities, and upgrades to such facilities, identified through the NYISO interconnection process and funded by 18.11 of this Agreement as though it were the Seller shall qualify as Eligible Economic Benefitsunder this Agreement and those provisions applied to the Associated New Transmission Facility. Other expenditures, accompanied by supporting explanation that establishes that such expenditures are specific to the Selected Project and support spending and job creation in New York; provided, however, that in no case shall Seller’s costs of preparing the Proposal be considered an Eligible Economic Benefit. LongVerification Economic Benefits Report. Within one hundred twenty (120) days of the third anniversary of the beginning of the Contract Delivery Term, Seller must submit the Economic Benefits Report through the Independent CPA. Verification Process. The verification process for the Seller is as follows: No later than thirty (30) months after the beginning of the Contract Delivery Term, Seller will provide the name of its selected Independent CPA to NYSERDA. Upon engagement, Seller will provide this Agreement, highlighting the Expected Total Dollars and this Exhibit F, to the Independent CPA, with appropriate redactions of any non-term capital investments public information unrelated to Economic Benefits or the Economic Benefits Report. Seller will prepare an Economic Benefits Report that both summarizes in narrative form and documents the total dollar amount of actual Economic Benefits accrued to New York as a result of the development, construction, modification, and operation of the Selected Project from January 1, 2021 through the end of the first three (3) years of the Contract Delivery Term. The Economic Benefits Report shall also describe the activities of Seller in fulfillment of Section 12.01(c) of this Agreement with respect to Workforce and Community Development Opportunity Activities, described in Exhibit D, over the same period. The Independent CPA will not verify those Workforce and Community Development Opportunity Activities in the AUPR quantitatively, except to the extent such activities result in expenditures claimed as Eligible Economic Benefits. Acceptable documentation for expenditures incurred by Seller and/or its Affiliates affiliates shall include the following (for an individual expense within each category of expense, any one of the listed documents or any combination thereof will be acceptable): For labor-related expenses: either W-2s,1099s or other tax documentation; copies of subcontracts or other labor-related arrangements detailing labor provided under such contracts and that provide confirmation that labor is for work performed within New York or is covered by the Project Labor Agreement described in offshore wind-enabling supply chainSection 18.11 of this Agreement. For local goods and services: either receipts for hotels, infrastructuremeals, workforce development fuel, rental cars, and research and development initiatives equipment purchased in the state that New York (per diem payments without specific, itemized expenses are intended to have not an enduring impact on the offshore wind industry and the acceptable form of documentation); a check register report per vendor for goods or services sourced from a New York State economyFirm (which includes the check numbers, dollar amounts, invoice numbers paid and totals); each corresponding individual invoice for services, equipment, materials and goods sourced from a New York State Firm that was submitted for payment accompanied by proof of payment; or a bank statement with applicable checks or wire transfers. These Economic Benefits For operations and maintenance expenses: either itemized receipts; a check register report per vendor (which includes the check numbers, dollar amounts, invoice numbers paid and totals); each corresponding individual invoice that was submitted for payment accompanied by proof of payment; or a bank statement with applicable checks or wire transfers. For other expenditures: such evidence of payment as the context requires, provided that such documentation must show the date and purpose of the expenditure. Seller may include: Investments in the offshore windredact personal, sensitive, legally protected and other non-related supply chainpublic information (e.g., such as ports that provide stagingsocial security numbers, assembly or other services tax identification numbers, street addresses, apartment numbers, etc.) from documentation to the offshore wind industrycomply with Applicable Law, enhance privacy protection, and manufacturing infrastructure otherwise inhibit the potential improper use of such information. Seller and/or its affiliates may use other forms of documentation for components used in a category of expense, subject to NYSERDA’s approval, which shall not be unreasonably denied, conditioned, or delayed. Expenditures incurred by a General Contractor (and/or its subcontractor(s)) require the manufacture of offshore wind generation or interconnection equipmentsame documentation process as outlined above. Investment in transportation facilities capable of serving future offshore wind installation, operation and maintenance needs, such as investment in Xxxxx Act-compliant vesselsSeller is responsible for obtaining all necessary documentation from General Contractors. Investments in workforce development applicable to future offshore wind development In addition: If the General Contractor(s) is located in New York State: Acceptable documentation of in-house labor billed to the Selected Project by the contractor includes payroll records with confirmation from the General Contractor that such payments are for work on the Selected Project. General Contractor may also self-certify costs of in-house equipment use. Acceptable documentation includes records of equipment use in construction of the Selected Project. Documentation should be accompanied by a letter signed by a principal of the company attesting to the expenses. New York subcontractors utilized by the General Contractor: Acceptable documentation includes the General Contractor’s check register reports by vendor (which includes the check numbers, such as establishing dollar amounts, invoices paid and totals); the last Payment Application and final release waiver for each subcontractor to corroborate the payments in the check register report; or a training facilitybank statement with applicable checks or wire transfers. New York State Firms utilized by the General Contractor (lower tier subcontractors or not part of a subcontract agreement): Acceptable documentation includes the General Contractor’s (and/or its direct or lower tier subcontractor's) check register reports by vendor (which includes the check numbers, donating key components dollar amounts, invoices paid and totals); corresponding individual invoices that were submitted to the General Contractor and/or its subcontractor at any tier for training purposes payment; or a bank statement with applicable checks or wire transfers. Labor costs that are undertaken by an out of state firm, but which nonetheless are attributable to technical schools work performed in New York Stateand/or by workers covered by the Project Labor Agreement, building of training labs or materials testing facilities. Investments in Industry Growth Activities (see Exhibit D) may be included if they create capabilities documented in the manner described above, along with such additional documentation necessary to identify and support any apportionment of such costs among projects. Seller may not include indirect benefits or those created by any “multiplier effect” or other attribution method under which the creation of peripheral spending and jobs might be credited to direct capital infused into the economy. Seller should provide its Economic Benefits Report to the Independent CPA, collect all supporting documentation to support future offshore wind facilitiesthe Claimed Expenses in the Economic Benefits Report, and submit all documentation requested by the Independent CPA as needed. Investment The Independent CPA will submit the Agreed-Upon Procedure Report to NYSERDA within one hundred twenty (120) days of the third anniversary of the commencement of the Contract Delivery Term. Neither Seller nor the Independent CPA shall provide the documentation underlying the claims in research the Economic Benefits Report to NYSERDA. Seller, however, must retain such documentation in accordance with Section 6.04 of this Agreement so that it can be made available to NYSERDA upon NYSERDA’s request pursuant to Section 7.01 of this Agreement. NYSERDA will examine the verified Economic Benefits Report and development the Agreed-Upon Procedure Report, and confirm the calculation of the Verified Total Dollars by the Independent CPA. NYSERDA will compare the Verified Total Dollars, in total, to the Expected Total Dollars for New York State applicable to improvements in offshore wind generation expenditures and delivery equipment and technology. Investments in development for the subtotal of broadly-applicable sea bed, wind and metocean data (not specific to the Selected Project), fisheries and wildlife data, that will be made publicly availableDisadvantaged Communities expenditures, and that have beneficial impact to future offshore wind development that would benefit New York State. This category shall include expenditures undertaken pursuant to proceed in accordance with Section 12.10 12.01(b) of this Agreement and approved by NYSERDA as described therein. Other capital investments of this type accompanied by an explanation demonstrating their effect to support the development of the offshore wind industry supply chain and future offshore wind investment in New York. Other Project-specific or offshore wind industry enabling expenditures, accompanied by supporting explanation that establishes that such expenditures are incremental or support spending, job creation and retention in New YorkAgreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Types of Eligible Economic Benefits. Eligible Economic Benefits shall Shall include expenditures made from the Economic Benefits Start Date January 1, 2021 through the end of the first three (3) Contract Years of the Contract Delivery Term within the following categories: Payments for labor-related expenditures for work that is performed in New York State or subject to the a Project Labor Agreement or Labor Peace Agreement approved by NYSERDA pursuant to Section 18.11 and 18.11-a of this Agreement. Examples include gross wages (including employer-side payroll tax payments), and benefit costs incurred in association with the employment of construction, boat crews, rail and port workers, contractors and laborers, operations and maintenance personnel, engineering or environmental service providers, researchers, consultants, other employees and financial and legal service providers associated with the Selected Project. Work performed in federal waters shall be considered to be performed in New York State for purposes of this Exhibit I if the workers are based out of facilities located in New York State. Payments for in-state purchases of goods and services. Includes expenditures as a result of: The purchase and consumption of local goods and services (including sales tax), such as, but not limited to, food, lodging, vehicles, equipment, fuel; and/or The purchase of materials sourced from within New York State such as, but not limited to, gravel, steel, iron, concrete and similar materials and/or the purchase and use of equipment and products manufactured or assembled within New York State and/or the use of rental equipment or similar supplies sourced within New York State (wind turbine components not manufactured within New York State are excluded). Payments, rents and taxes paid to local New York State entities. Includes: New or increased payments to revenues for jurisdictions in New York State from the Economic Benefits Start Date January 1, 2021 through the end of the first three (3) Contract Years of the Contract Delivery Term, including tax payments, PILOT payments, and/or payments under Host Community Agreements. Payments to fishing mitigation or compensation initiatives; and/or Payments intended to mitigate the visual, environmental, historical, cultural or other impacts associated with development, construction, operation or decommissioning of the Selected Project. Financing expenditures (fees to in-state banks related to financing transactions but not the cost of borrowing). Transmission and interconnection Interconnection fees and expenditures, including those paid to NYISO or a New York utility relating to services provided within New York State. Expenditures associated with overbuilt transmission, that is, transmission in excess on the development and construction of what is required to accommodate the Selected Project, Associated New Transmission Facility may not be claimedincluded as Eligible Economic Benefits; provided, however, that fees payments for construction labor on the Associated New Transmission Facility may only qualify if the developer of such facility agrees voluntarily to adhere to Sections 18.10 and expenditures associated with transmission and interconnection facilities, and upgrades to such facilities, identified through the NYISO interconnection process and funded by 18.11 of this Agreement as though it were the Seller shall qualify as Eligible Economic Benefitsunder this Agreement and those provisions applied to the Associated New Transmission Facility. Other expenditures, accompanied by supporting explanation that establishes that such expenditures are specific to the Selected Project and support spending and job creation in New York; provided, however, that in no case shall Seller’s costs of preparing the Proposal be considered an Eligible Economic Benefit. Long-term capital investments by Seller and/or its Affiliates in offshore wind-enabling supply chain, infrastructure, workforce development and research and development initiatives in the state that are intended to have an enduring impact on the offshore wind industry and the New York State economy. These Economic Benefits may include: Investments in the offshore wind-related supply chain, such as ports that provide staging, assembly or other services to the offshore wind industry, and manufacturing infrastructure for components used in the manufacture of offshore wind generation or interconnection equipment. Investment in transportation facilities capable of serving future offshore wind installation, operation and maintenance needs, such as investment in Xxxxx Act-compliant vessels. Investments in workforce development applicable to future offshore wind development in New York State, such as establishing a training facility, donating key components for training purposes to technical schools in New York State, building of training labs or materials testing facilities. Investments in Industry Growth Activities (see Exhibit D) may be included if they create capabilities to support future offshore wind facilities. Investment in research and development in New York State applicable to improvements in offshore wind generation and delivery equipment and technology. Investments in development of broadly-applicable sea bed, wind and metocean data (not specific to the Selected Project), fisheries and wildlife data, that will be made publicly available, and that have beneficial impact to future offshore wind development that would benefit New York State. This category shall include expenditures undertaken pursuant to Section 12.10 of this Agreement and approved by NYSERDA as described therein. Other capital investments of this type accompanied by an explanation demonstrating their effect to support the development of the offshore wind industry supply chain and future offshore wind investment in New York. Other Project-specific or offshore wind industry enabling expenditures, accompanied by supporting explanation that establishes that such expenditures are incremental or support spending, job creation and retention in New York.Verification
Appears in 1 contract
Samples: Sale Agreement
Types of Eligible Economic Benefits. Eligible Economic Benefits shall include expenditures made from the Economic Benefits Start Date through the end of the first three (3) Contract Years of the Contract Delivery Term within the following categories: Payments for labor-related expenditures for work that is performed in New York State or subject to the Project Labor Agreement or Labor Peace Agreement approved by NYSERDA pursuant to Section 18.11 and 18.11-a of this Agreement. Examples include gross wages (including employer-side payroll tax payments), and benefit costs incurred in association with the employment of construction, boat crews, rail and port workers, contractors and laborers, operations and maintenance personnel, engineering or environmental service providers, researchers, consultants, other employees and financial and legal service providers associated with the Selected Project. Work performed in federal waters shall be considered to be performed in New York State for purposes of this Exhibit I if the workers are based out of facilities located in New York State. Payments for in-state purchases of goods and services. Includes expenditures as a result of: The purchase and consumption of local goods and services (including sales tax), such as, but not limited to, food, lodging, vehicles, equipment, fuel; and/or The purchase of materials sourced from within New York State such as, but not limited to, gravel, steel, iron, concrete and similar materials and/or the purchase and use of equipment and products manufactured or assembled within New York State and/or the use of rental equipment or similar supplies sourced within New York State (wind turbine components not manufactured within New York State are excluded). Payments, rents and taxes paid to local New York State entities. Includes: New or increased payments to jurisdictions in New York State from the Economic Benefits Start Date through the end of the first three (3) Contract Years of the Contract Delivery Term, including tax payments, PILOT payments, and/or payments under Host Community Agreements. Payments to fishing mitigation or compensation initiatives; and/or Payments intended to mitigate the visual, environmental, historical, cultural or other impacts associated with development, construction, operation or decommissioning of the Selected Project. Financing expenditures (fees to in-state banks related to financing transactions but not the cost of borrowing). Transmission and interconnection fees and expenditures, including those paid to NYISO or a New York utility relating to services provided within New York State. Expenditures associated with overbuilt transmission, that is, transmission in excess of what is required to accommodate the Selected Project, may not be claimed; provided, however, that fees and expenditures associated with transmission and interconnection facilities, and upgrades to such facilities, identified through the NYISO interconnection process and funded by the Seller shall qualify as Eligible Economic Benefits. Other expenditures, accompanied by supporting explanation that establishes that such expenditures are specific to the Selected Project and support spending and job creation in New York; provided, however, that in no case shall Seller’s costs of preparing the Proposal be considered an Eligible Economic Benefit. Long-term capital investments by Seller and/or its Affiliates affiliates in offshore wind-enabling supply chain, infrastructure, workforce development and research and development initiatives in the state that are intended to have an enduring impact on the offshore wind industry and the New York State economy. These Economic Benefits may include: Investments in the offshore wind-related supply chain, such as ports that provide staging, assembly or other services to the offshore wind industry, and manufacturing infrastructure for components used in the manufacture of offshore wind generation or interconnection equipment. Investment in transportation facilities capable of serving future offshore wind installation, operation and maintenance needs, such as investment in Xxxxx Act-compliant vessels. Investments in workforce development applicable to future offshore wind development in New York State, such as establishing a training facility, donating key components for training purposes to technical schools in New York State, building of training labs or materials testing facilities. Investments in Industry Growth Activities (see Exhibit D) may be included if they create capabilities to support future offshore wind facilities. Investment in research and development in New York State applicable to improvements in offshore wind generation and delivery equipment and technology. Investments in development of broadly-applicable sea bed, wind and metocean data (not specific to the Selected Project), fisheries and wildlife data, that will be made publicly available, and that have beneficial impact to future offshore wind development that would benefit New York State. This category shall include expenditures undertaken pursuant to Section 12.10 of this Agreement and approved by NYSERDA as described therein. Other capital investments of this type accompanied by an explanation demonstrating their effect to support the development of the offshore wind industry supply chain and future offshore wind investment in New York. Other Project-specific or offshore wind industry enabling expenditures, accompanied by supporting explanation that establishes that such expenditures are incremental or support spending, job creation and retention in New York.
Appears in 1 contract
Samples: Purchase and Sale Agreement
