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Currier Plastics Begins $20 Million Expansion in Central New York

Area Development Online News Desk (11/30/2012)
A custom blow molding and custom injection molding manufacturer, Currier Plastics, Inc., is investing more than $20 million to construct a 55,000 square foot production and storage facility in Auburn, New York that will double the size of its current operation, creating 50 new jobs over the next five years in the central part of the Empire State.

"Currier Plastics is very proud to break ground on an expansion that will contribute new jobs and new opportunities for our community," said John F. Currier, President of Currier Plastics. "We are a homegrown manufacturer and have deep roots in Auburn and Central New York. Our success is a direct result of the hard work and dedication of the Currier Plastics Team."

"The expansion of Currier Plastics demonstrates New York’s commitment to strengthening our home-grown companies so they can continue to create jobs in the communities they helped build," Governor Andrew Cuomo said. "This project is a prime example of the Central New York Regional Council identifying and supporting a key local asset that is creating jobs and growing the local economy."

As an incentive the firm will utilize $1 million in Excelsior tax credits and a $750,000 Economic Transformation Grant from Empire State Development. The company expects to invest $20.8 million to re-use and re-purpose a minimum of 6 acres of underutilized land to construct its manufacturing and storage facility and also make related infrastructure improvements, including; construction of a new roadway to provide direct, more efficient truck access to warehouse loading docks. To handle the increased production and new contracts the company plans to purchase $12.5 million in new machinery and equipment over the next five years. In addition to the creation of 50 new jobs, the expansion in Auburn will retain 100 jobs that would have been lost if this project was implemented out-of-state.

New York Assemblyman Gary Finch said; "The awarding of the State grant in the amount of $750,000, the $1 Million million dollars in tax credits, the $750,000 City of Auburn Community Development Block Grant CDBG funding along with the $12.5 million invested by Currier Plastics is a wonderful example of state government, the City of Auburn and private enterprise joining together to retain current workforce and create new jobs.


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