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Ferguson Enterprises Plans To Establish Regional Distribution Center In Coxsackie, New York
Area Development Online News Desk (01/15/2014)
Ferguson Enterprises, Inc., the largest wholesale distributors of residential and commercial plumbing supplies in the nation, will establish a new 460,000 square foot distribution facility at the Fountain Flats Business Park in Coxsackie, New York, in the State’s Capital Region.

The firm chose Coxsackie in Greene County to construct a warehouse that will serve as a distribution hub for its New York retailers and locations throughout New England. The facility is expected to create 95 new jobs in the Capital Region.

“We are excited to join the Coxsackie community,” said Ferguson CEO Frank Roach. “Our team explored locations in seven states and more than 60 municipalities, and Coxsackie proved to be the perfect fit. The new distribution center is strategically located to support our branches and customers in the metro New York and Northeast markets. In return, we look forward to providing jobs and spurring economic growth in a community that shares our vision and values.”

“Ferguson Enterprises’ decision to invest in Greene County is another win in our efforts to grow the Upstate economy by creating jobs and new economic opportunities for New Yorkers,” Gov. Andrew Cuomo said. “By establishing this new distribution center, Ferguson Enterprises is bringing nearly 100 jobs to the Capital Region and spurring continued growth in the community of Coxsackie. This was a collaborative effort – with support from both the state and local governments – and I am pleased to welcome this company to New York State.”

To assist Ferguson with its location to New York State, Empire State Development is providing $1.2 million in performance-based Excelsior Jobs Program tax credits, and Greene County is planning on applying for a NYS Homes and Community Renewal Community Development Block Grant. The Greene County IDA is also supporting this project with a suggested 20-year PILOT, a sales tax exemption on capital expenditures related to getting the new facility up and running, implementation of a natural gas line to the site, and assistance with permitting processes. All of the IDA’s contributions are subject to board approval.

In addition, the distribution center project was supported by the Capital Region Economic Development Council as it aligns with the strategies for economic growth and prosperity for the eight-county region.

“We are pleased that Ferguson decided New York was the best place to do business—its location in Greene County will help ensure the company’s competitiveness and its ability to better serve its customers in the northeast,” said Empire State Development President, CEO and Commissioner Kenneth Adams. “This job creating project is truly the result of strong partnerships at work, and I thank Greene County and the Town of Coxsackie for their collaborative efforts in securing this investment in the Capital Region.”

Greene County IDA Chairman Eric Hoglund said, “The Greene IDA is pleased that our strategy of developing shovel ready business parks has once again been successful in attracting new investment and employment opportunities to Greene County. We are excited to have been chosen as the home of the new Ferguson facility and look forward to a long and productive relationship with the company.”

 
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