Press-Republican

Business

December 22, 2012

State helps Ticonderoga and Moriah economic development projects

TICONDEROGA — The fledgling Adirondack Meat Company is getting $300,000 in state funds to build a 7,500-square-foot meat processing plant and retail store in Ticonderoga Commerce Park.

The grant will support the agricultural sector by providing access to a local processing facility for livestock; it was one of numerous state grants totaling $90.2 million won for the region through the North Country Regional Economic Development Council and announced by Gov. Andrew Cuomo earlier this week.

“It’s good news for Ticonderoga and the region,” Ticonderoga Town Supervisor Debra Malaney said. “With their funding in place, they can get started on the project.”

The Adirondack Meat Company project would be the first USDA-certified meat processing facility inside the Adirondack Park. According to the company, the business will employ 12 full-time and two part-time workers.

Essex County Industrial Development Agency Chairman Darren Darrah said a meat processor has been a need for many years in the North Country.

“When Adirondack Meat Company approached the Essex County IDA, we knew this was a win-win project for both the company and the region as a whole. This new company will not only provide a much needed service, but also entice agricultural operations to start or grow in the North Country.”

The owners of Adirondack Meat Company are Peter and Denise Ward, who also operate Brookwood RV Park and Snug Harbor Marina in Ticonderoga.

The $1.4 million project is also eligible for up to $800,000 from an Essex County Industrial Development Agency loan using a tax-exempt bond, and the U.S. Department of Agriculture’s Office of Rural Development approved the plant for a Business and Industry Guaranteed Loan of up to $900,000.

BOAT-BUILDER EXPANSION

Also in Ticonderoga, Hacker Boat Co. got $600,000 for a facility expansion so it can stay in town. The company had considered moving to Queensbury but will now expand its current facility to meet demands for manufacturing larger boats. The firm says it will invest $5.4 million and create 31 new jobs.

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