SpencerARL Expands Its Plattsburgh, New York, Manufacturing Facility
The company signed a five year lease for an 80,000 square foot building in The Development Corporation’s Air Industrial Park in addition to continuing to operate out of its current facility nearby, with the combined square footage of 110,000 square feet. The expansion has already created 47 new jobs in the local community, and the company plans to hire additional people over the next year.
Spencer CEO Lori Fisher said, “SpencerARL New York has worked with Empire State Development, TDC, the transit manufacturing industry and other local officials to bring new jobs to Plattsburgh and is excited about its continuing participation in the revitalization of the Plattsburgh area. We see our training program and the additional on-the-job training as key to our continued success in Plattsburgh.”
To support this expansion project, Empire State Development is providing SpencerARL with $300,000 in Excelsior Jobs Program performance based tax credits which are tied directly to job creation and investment commitments, and will allow the company to reinvest cost savings to make it more competitive when bidding on contracts. In addition, SpencerARL New York has submitted a Consolidated Funding Application to New York State Homes and Community Renewal to help with their training needs. The project was designated as a regional priority by the North Country Regional Economic Development Council.
TDC’s President/CEO, Paul Grasso said, “We are delighted that TDC was again able to accommodate Spencer’s growing business model and meet their business specifications and timing. SpencerARL New York’s success in the region confirms the International Economic Development Council’s belief that on average 80 percent of job creation will come from existing companies in any given region. This is precisely why TDC developed and launched a business retention program for our Parks in 2012. As I have said before, at TDC we feel that our success is defined by the successful companies that are in our region - and clearly success breeds success.”
NCREDC Co-chair/President of the North Country Chamber of Commerce Garry Douglas said, “SpencerARL is a great company and a valuable part of our transportation equipment cluster. They are unique in that their skills and expanded operations will not only support Nova Bus and Prevost but hold real possibilities for helping us to draw other contracts and product lines here. And they are good corporate citizens too, engaging in the chamber, the community and workforce development efforts. We thank them for their commitment to Plattsburgh and look forward to continuing to work with them for years to come. Thanks also to Governor Cuomo and the state for all of their assistance and support.”
Town of Plattsburgh Supervisor Bernie Bassett said, “SpencerARL New York’s expansion is great news for Plattsburgh and a testament to our strategic location and skilled workforce. It is our hope that this project will ensure the company’s competitiveness, allowing them to remain in the Town of Plattsburgh for the long-term. I thank Governor Cuomo for his support in growing the North Country economy.”
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