Metroplex is providing a $50,000 grant toward relocation and fit-up costs.
"We are very excited to have Advanced Energy Conversion move to Schenectady County. As headquarters to GE's renewable energy business, we are seeing more and more interest from companies in this fast-growing industry in locating in Schenectady County," said Ray Gillen, chairman of the Schenectady Metroplex Development Authority.
Ocean State Job Lots, which currently occupies 25,000 square feet of space at the Crosstown Plaza location, is expanding into an additional 15,000 square feet of space.
"They came here in 2007, and they're expanding already to create 10 new jobs," said Gillen. "It was nice because they filled an empty retail spot in the community, and that's one of our goals."
Ocean State Job Lots sells discounted merchandise. The company has a 1 million-square-foot distribution center in Rhode Island, which allows it to purchase brand names in large quantities and ship the items quickly to its stores in the Northeast.
Crosstown Plaza is owned by the Robert Lupe family.
"We are pleased to see this expansion by Ocean State Job Lot. The company's exciting approach to retail has certainly been a success with Schenectady shoppers," said Shelley Lupe, co-owner, in a written statement.
Metroplex assisted in the effort to recruit Ocean State Job Lot to Schenectady and helped to coordinate local approval needed for the store to expand.""