Governor Kathy Hochul announced that over $22 million has been awarded to support 21 projects across New York State through the Regional Economic Development Council initiative.
Article continues below
Round XII included core capital grant and tax-credit funding from Empire State Development, which was made available on a continuous and competitive basis to support the immediate needs of communities.
Funding will support impactful projects that align with each region's strategic goals.
This second round of projects was recommended by each Regional Council because of their project readiness and alignment with each region's strategic plan. Highlights include:
Owens-Brockway Glass Container, Inc. (Central New York) - $2.8Million ESD Grant, $1 Million Excelsior Jobs Tax Credit: Owens-Brockway Glass Container is., a glass container manufacturer, will upgrade its facility in the Town of Sennett, Cayuga County.
The upgrade will enhance the viability of the plant by rebuilding and redesigning an aging glass manufacturing furnace, converting it into a new more sustainable furnace, reducing CO2 emissions and enhancing energy efficiency.
Diamond Packaging Holdings, LLC (Finger Lakes) - $500,000 ESD Grant, $1 Million Excelsior Jobs Tax Credit: Diamond Packaging, a designer and manufacturer of innovative and sustainable folding cartons, will invest in new equipment and facility renovations.
The company will purchase a new printing press, sheeter and a new die cutter to further enhance their facility in Rochester.
eVero Corporation (Long Island) - $550,000 Excelsior Jobs Tax Credit: eVero, a Melville-based healthcare software developer, builds software centered around self-directed care. The company will make investments in an expansion and purchase of new equipment.
Westchester County Health Care Corporation - WMCHealth Cellular Tissue Engineering Laboratory (Mid-Hudson Region) - $700,000 ESD Grant: Westchester Medical Center (WMC) houses the Cellular and Tissue Engineering Laboratory (CTEL). The CTEL is a state-of-the-art cell manufacturing and processing facility, one of the only cell and tissue engineering labs in the Hudson Valley.
WMC will complete phase II of construction which includes the addition of an Experimental Cell Therapy Facility (ECTF). The facility will advance New York's life sciences ecosphere through research and clinical application of translational cellular therapies.
MHXCO Foam Company, LLC (Mohawk Valley) - $500,000 ESD Grant: MHXCO Foam Company, a manufacturer of foam products, plans to acquire a self-shielded Electron Beam (for cross-linking (the second of three steps in foam manufacturing) foam to increase manufacturing efficiency and global competitiveness.
This investment will keep the entire production process in-house, under its roof on Edson Street and allow the company to become completely vertically integrated.
City Innovations Collaborative - Life Science Incubator Facility- (New York City) - $4.5 Million ESD Grant: The City Innovations Collaborative (CInC) is a new regional innovation engine created by the City College of New York to seed, cultivate, and sustain a thriving regional life science ecosystem for its underrepresented NYC community.
CInC will be an anchor tenant in the new Taystee Lab Building adjacent to the City College campus in West Harlem and will support commercialization efforts for several new ventures concurrently.
Turin Highland Lodge (North Country) - $120,000 ESD Grant: Turin Highland Lodge will be a newly constructed six-room lodge that will support winter and summer motorized and non-motorized recreational opportunities in the Tug Hill Region.
Storflex Holdings, Inc. (Southern Tier) - $2.2 Million ESD Grant, $950,000 Excelsior Jobs Tax Credit: Storflex, a manufacturer of retail shelving, plans to complete a two-site expansion project in the Town of Erwin and the Village of Riverside, both located in Steuben County.
The business expansion project will support the multistage manufacturing of designer retail shelving components, walk-in coolers and freezers, and engineering services to supply customers throughout North America and Canada. Storflex will add new production lines, including a new robotic welding line and a new paint line. ■