Company to Invest $18 Million in Falconer
SKF Aeroengine North America will invest $18 million in a new heat treat facility in Falconer, NY.
The company will retain all 691 jobs as it installs a new high-tech vacuum furnace.
In making the announcement today, Governor David Paterson said, "This is a tremendous investment in New York State's manufacturing base and one that helps solidify SFK's long-term viability in Chatauqua County.”
To help offset the the costs of this project, Empire State Development offered SKF $2.75 million, with a $1.375 million grant from the Manufacturing Assistance Program and Upstate Regional Blueprint Fund.
Senator Catharine Young said,“SKF’s investment and expansion is a win of enormous proportions for Chautauqua County. We were faced with competition from other states for the heat treat facility, which created a huge challenge that had to be overcome. Everyone involved rolled up their sleeves and went to work, with the best possible results. The NYPA hydropower especially provided a great incentive, along with other investments from the State, including an additional $250,000 grant that I was pleased to secure through the Senate. We are deeply grateful to SKF for their continued commitment to our region. Everyone who stepped up and delivered to save these vital jobs and make this exciting new endeavor happen deserves tremendous credit.”
http://www.state.ny.us/governor/press/081710SKF.html
The company will retain all 691 jobs as it installs a new high-tech vacuum furnace.
In making the announcement today, Governor David Paterson said, "This is a tremendous investment in New York State's manufacturing base and one that helps solidify SFK's long-term viability in Chatauqua County.”
To help offset the the costs of this project, Empire State Development offered SKF $2.75 million, with a $1.375 million grant from the Manufacturing Assistance Program and Upstate Regional Blueprint Fund.
Senator Catharine Young said,“SKF’s investment and expansion is a win of enormous proportions for Chautauqua County. We were faced with competition from other states for the heat treat facility, which created a huge challenge that had to be overcome. Everyone involved rolled up their sleeves and went to work, with the best possible results. The NYPA hydropower especially provided a great incentive, along with other investments from the State, including an additional $250,000 grant that I was pleased to secure through the Senate. We are deeply grateful to SKF for their continued commitment to our region. Everyone who stepped up and delivered to save these vital jobs and make this exciting new endeavor happen deserves tremendous credit.”
http://www.state.ny.us/governor/press/081710SKF.html
.jpg)
Comments