Two manufacturers operating in Cortland County are in line for state aid toward expansion projects after Empire State Development’s (ESD) board of directors approved a round of grants Dec. 20.
The board in charge of the state’s economic-development agency approved an Economic Development Fund grant for up to $350,000 toward Pyrotek, Inc.’s purchase and outfitting of a 141,000-square-foot building in Cortland.
The expansion will allow the company, which develops, manufactures, and sells high-temperature materials for industrial use, to add product lines, increase capacity for existing lines, eliminate high-cost outsourcing, and improve production efficiency. It is estimated to lead to 68 new jobs and help retain 42 jobs.
(Sponsored)
In the Market to Build? Get Started in 4 Simple Steps
Finding the perfect home isn’t always easy, especially in our world today. The U.S. Housing Shortage has created an ongoing challenge for homebuyers across the nation, opening the door to
House of Representatives Passes $78 Billion Tax Package
On January 31, the House of Representatives overwhelmingly passed the Tax Relief for American Families and Workers Act of 2024, a tax package worth $78 billion. The bill was approved
ESD’s board also gave a green light to a $100,000 grant to help Cortland Plastics International, LLC with an equipment purchase. The extrusion blow-molding plastics manufacturer needed new equipment after adding customers. ESD’s grant is expected to help create 10 new jobs, help retain 45 jobs, and join $580,000 of private investment in the expansion.
The two grants bound for Cortland County were part of a round of nine projects approved for a total of $10.69 million in funding. ESD estimates the nine projects will create up to 232 new jobs and help retain 1,854 jobs in the state.
Contact Seltzer at rseltzer@cnybj.com
