CNY awarded $88 million for economic development projects
Central New York will receive more than $88 million supporting 91 projects as part of New York's Regional Economic Development Council initiative, Gov. Andrew Cuomo announced on Tuesday.'
The money will go toward:
SAF GLAS, LLC. — which will receive $8 million from Empire State Development and will invest approximately $59 million to relocate its Florida manufacturing and research and development operations for EnergyGlass to Jamesville. The project will include the purchase of land and existing facility, renovations and new construction, purchase and installation of machinery and equipment. The company brings an innovative new patented glass technology that transforms residential and commercial building windows into vertical "solar farms" and allows these structures to reuse generated electricity and become self-sufficient and off the grid.
Volpi Manufacturing USA, Inc. — which will receive $320,000 from Empire State Development while investing $1.9 million to demolish 14,000 square feet of its existing facility and replace that space with new cleanrooms. As an engineering service provider and OEM and fiber optic supplier, Volpi develops tailored solutions for customers such as Siemens, Ortho Clinical Diagnostics, Roche, GE, Welch Allyn and Qiagen.
Knowles Cazenovia — which will receive $1.8 million from Empire State Development while investing approximately $9 million to expand its production capacity at its facility in Cazenovia. The project includes facility renovations and installing new machinery and equipment. This project will allow Knowles Cazenovia to better compete in the growing radio frequency filtering market and allow it to meet the increasing need for microelectronic components that enable 5G telecommunication technology and infrastructure.
"Over the last eight years, we have implemented a vision to move New York State's economy forward by allowing communities to make strategic investments to help grow their local economies and reenergize and develop their unique regions," Gov. Cuomo said. "Regional-based economic development is vital for maintaining New York's thriving, prosperous economy. I congratulate all of the winners of this year's REDC awards and look forward to working together to build a stronger New York for generations to come."
Since the Regional Economic Development Council's inception in 2011, over $6.1 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide.
