ALBANY, N.Y. — Gov. Andrew Cuomo has a message for New York manufacturers: help produce critically needed personal protective equipment — like gowns, masks, and gloves — for health-care workers, and the state will help you with funding to do it and pay a premium for the products.
“I am now asking all product providers, all companies who are in this business, we will pay a premium for these products,” the governor said in his daily COVID-19 briefing on Friday morning. “If you are a business that does not manufacture these exact items, but you have equipment and personnel and you believe you could manufacture these items … we will give you funding to do it and we will give you funding to get the right equipment, to get the right personnel, etc. I am asking businesses to be creative.”
Businesses that already produce gowns, masks, and gloves and are interested in selling to the state, should contact Simonida Subotic in the governor’s office at (646) 522-8477 or email: covid19supplies@exec.ny.gov.
(Sponsored)
Final Regulations for the Advanced Manufacturing Production Credit
The IRS recently issued final regulations for the Section 45X Advanced Manufacturing Production Credit, clarifying and expanding key provisions from the proposed regulations released in late 2023. These updates are
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Companies interested in getting started in producing these products, should contact Eric Gertler at Empire State Development at (212) 803-3100 or email: COVID19supplies@esd.ny.gov.
“I can’t mandate that businesses make something, but I can offer financial incentives and that is what we are doing,” Cuomo said.
