Press-Republican

Business

January 13, 2014

Two Plattsburgh companies await ESD funds

PLATTSBURGH — Two local companies are seeking $825,000 in Empire State Development funding for recent manufacturing projects.

Empire State Development held public hearings on a $450,000 grant for Swarovski Lighting and a $375,000 loan for UMS Manufacturing, a subsidiary of Schluter Systems. The hearings are part of the process for approval by the New York State Public Authorities Control Board, and funds are tentatively scheduled for release Jan. 17.

Empire State Development President, CEO and Commissioner Kenneth Adams said the state is pleased to be able to help North Country manufacturers.

“Under the governor’s leadership, Empire State Development will continue to focus its efforts on rebuilding the North Country economy, as well as other Upstate regions, and growing its core employment sectors, such as manufacturing, to create good jobs and generate critical private investment, while reinvigorating its urban city centers,” he said by email.

FACILITY RENOVATION

Swarovski Lighting in Air Industrial Park in the Town of Plattsburgh would use its grant to cover some of the costs of its recent $3.4 million facility renovation project, which was completed in April. 

Shonbek Worldwide Lighting applied for funding in 2006. Empire State Development offered a $450,000 capital grant in July of that year to support the upgrade project, which was expected to retain 325 jobs at the plant.

Shonbek was subsequently acquired by Swarovski in 2007, which then transferred its own lighting production to the Plattsburgh location. The new management team reviewed the project and accepted a revised grant proposal in 2008.

Swarovski invested $377,262 for safety, infrastructure and layout improvements to the portions of the 200,000-square-foot facility where manufacturing, engineering, marketing, sales and administrative operations are located.

It also spent $1.3 million on new equipment for product design, operations and manufacturing and $542,125 on new computer equipment for product design and manufacturing. Another $78,842 went to employee training, primarily on lean manufacturing practices and use of the new computer systems.

Text Only | Photo Reprints
Business
Colin Read's Column

Business Spotlight
Peter Hagar's Farm Column

Farm Briefs
Videos: Business News
Six Indicted in StubHub Hacking Scheme Trump: DC Hotel Will Be Among World's Best AP Review: Amazon Fire Adds Spark to Smartphones All Aboard! LIRR Strike Averted Microsoft to Cut Up to 18,000 Jobs Time Warner Rejects Murdoch's Takeover Bid Yellen Says Economy Still Needs Fed Support Cleveland Expects Economic Boom From Lebron Justice Dept. Fines Citigroup $7 Billion Justice Dept. Fines Citigroup $7 Billion Downside of Low Mortgage Rates? Less Selling Cupcake Shop Crumbs Shuttering All Its Stores San Francisco Prepares for Soda Battle Dow Breaks Record 17,000 GM Crash Compensation Could Top $1 Billion GM Won't Limit Crash Compensation Funds