PLATTSBURGH, N.Y. — Governor Andrew M. Cuomo announced the grand opening of B3CG Interconnect’s new assembly plant in Plattsburgh in Clinton County.
The Quebec–based company relocated its operations to a larger facility within the town, doubling its production capacity, while investing in equipment, and agreeing to create 84 new full-time positions to meet increased production demands.
“B3CG’s decision to expand in Clinton County with this new facility is supporting the creation of jobs for the North Country and helping the region’s economy thrive for years to come,” Cuomo contended in a news release.
(Sponsored)
Important Tax Law Changes To Be Aware Of
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits will have on your net
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
B3CG is a manufacturer of motor-vehicle cable harnesses, headquartered in Saint-Eustache, Quebec. The company provides subcontracting services for ground transport, medical equipment, industrial systems and power generation industries, the governor’s office said. The firm also leverages expertise in connectivity and power batteries to develop proprietary technology for smart-battery modules for electric vehicles.
The company began as Orbtech Anjou in 1993, supplying cables to the communications industry. It was acquired by Triton Cable in 2001 and refocused its efforts on the public ground transport and medical equipment sectors. After a management buy-out in 2008, the company began operating as B3CG and opened its Plattsburgh facility the following year, the governor’s office said.
For the new facility, B3CG invested $1.13 million to build and outfit the new 28,000-square-foot facility on Northern Avenue, with an option for an additional 7,000 square feet. To “encourage” B3CG’s expansion, Empire State Development will provide up to $400,000 in performance-based Excelsior Jobs Program tax credits for the creation 84 new permanent, full-time positions over the next five years, per the governor’s office. B3CG will also retain its existing Plattsburgh workforce of 100 employees.
“B3CG is an example of the many Canadian–based manufacturers we have attracted to the North Country to produce transportation equipment for the U.S. market, creating one of the most dynamic transportation equipment and aerospace clusters in the country,” Garry Douglas, North Country Regional Economic Development Council co-chair and president of the North Country Chamber of Commerce, said in the governor’s release.
Contact Rombel at arombel@cnybj.com
