Currier Plastics, Inc., a custom molding manufacturer, will invest $20.8 million to double the size of its manufacturing operations in the city of Auburn, Cayuga County, New York, with plans to create 50 new jobs.
"We are very excited to be able to grow the business where it was founded, and where we call home," said John Currier, President, Currier Plastics, Inc. "We know it has significant and long term payoff for our customers, community, employees, suppliers and the owners alike. I applaud Governor Cuomo and the Central New York Regional Economic Development Council for their help in keeping the company in our community."
"The expansion of Currier Plastics is another example of our efforts to help strengthen home-grown companies and keep them in the communities they've helped to build," Gov. Andrew Cuomo said. "By making strategic investments in economically distressed areas, we can create jobs and spur economic growth in the Upstate communities that need it most."
Cuomo explained as part of an incentive package the firm, headquartered at 101 Columbus Street in Auburn, will receive $1 million in state Excelsior tax credits along with a $750,000 Economic Transformation Grant from Empire State Development. Currier plans to construct a 55,000 square foot manufacturing and storage facility. To handle an expected increased production the company will purchase $12.5 million in new machinery and equipment over the next five years.
City of Auburn Mayor Michael Quinn said, "The financial incentives being provided by New York State will work to preserve 100 high wage manufacturing jobs in Auburn, and create 50 new jobs as Currier Plastics expands in their current location. The City of Auburn has been working with Currier Plastics to obtain the resources for the company to grow in Auburn, and the State funding is part of a coordinated incentive package tailored to meet the company's needs. Currier Plastics is an advanced technology manufacturer that is making a significant investment in a distressed area of the City, and also pumps millions of dollars into the regional economy."