Dresser-Rand Gets $500,000 to Build
New Research and Development Facility

Dresser-Rand in Olean is building a new research and development facility that will help the company retain 787 jobs and create 50 new jobs.

Dresser-Rand has received a half-million dollar grant from the Empire State Development Board that will go toward the cost of construct, machinery and equipment. The total cost of the project is $9.6 million.

The development board awarded $3.3 million in grants throughout the state and says it will help to create 168 new jobs and retain more than 1,400.

http://www.esd.ny.gov/

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