Feldmeier Equipment, Inc. Begins $8 Million Expansion In Syracuse and Little Falls, New York
Area Development Online News Desk (08/16/2013)
Feldmeier Equipment, Inc., a fabricator of stainless steel storage and processing equipment, began construction on a significant expansion at its Syracuse headquarters and Little Falls, New York, manufacturing plant.
The $8 million project consists of constructing and equipping a new 50,000-square-foot manufacturing facility in the Riverside Industrial Parkway, as well as additional investment in machinery and equipment at Feldmeier’s existing facilities in Little Falls and Syracuse, New York. The expansion will result in the creation of 80 new jobs and the retention of nearly 300 existing jobs in New York State.
The company is recognized as a global leader within the pharmaceutical, biotech, cosmetic, food, and dairy industries with five state-of-the-art facilities located throughout the U.S. Robert H. Feldmeier, Sr., Founder of Feldmeier Equipment, Inc. said, “Growing up in Little Falls, I have always considered it home. My father worked in this town, my business career started here. It is an important part of Feldmeier’s history and future. We want to see it grow and prosper.”
Robert H. Feldmeier, Jr., President of Feldmeier Equipment, Inc. said, “We are excited to be staying and expanding here in Little Falls and are very appreciative of the State and local officials who worked hard to keep us here to continue our long tradition of manufacturing in the Mohawk Valley. As family run business, we have a long history in Upstate New York and are committed to keeping it that way. Today we break ground and soon we’ll be up and running, manufacturing the products that have brought jobs and economic growth to our communities for the last 60 years.”
“This expansion of Feldmeier Equipment, Inc. is yet another testament to the rise of Upstate New York as a destination for growth in the private sector,” Gov. Andrew Cuomo said. “The creation of this new facility and added investment in the company’s existing local operations not only support the creation and retention of nearly 400 jobs, but it also furthers the commitment that this family-run company has made to New York State and our other industries such as breweries and yogurt producers.”
ESD is supporting the expansion and upgrades with a total investment of $750,000 through the combination of a $200,000 capital grant and $550,000 in Excelsior Jobs Program tax credits. Both incentives are performance-based and tied to project completion and job creation commitments.
Empire State Development President, CEO and Commissioner Kenneth Adams said, “This is a great day for the City of Little Falls and the Mohawk Valley as this home-grown industry leader is staying true to their roots by expanding and creating vital new jobs here in upstate New York. Feldmeier Equipment’s decision to build a new manufacturing facility provides further proof that Governor Cuomo’s efforts to improve the business climate are paying off.”