New Era To Retain NY Plant, Close Alabama Facility
"This was an incredibly difficult decision," said Christopher Koch, chief executive of the family-owned company. "In the end, our decision to keep Derby open was based largely on the need to retain our most senior and experienced unionized employees."
The company also said the Demopolis plant, which employs 350 people, would have required extensive renovations to handle its role as the only U.S. production facility. New Era also has operations in Canada, Europe, Japan and Hong Kong.
New York Gov. David Paterson applauded the decision; Empire State Development Corp. offered $3 million as part of a broad package of incentives to retain the Derby plant and its 330 jobs. The company also will get property tax relief and sales tax abatements from the town of Evans and Lake Shore School District and grants for electrical improvements from National Grid, among other benefits.
Sweden-based Volvo Construction Equipment Adds Shippensburg, Pennsylvania, Training Complex
“Made in America” Executive Order to Affect International Companies and FDI
Trends in Office and Industrial Parks
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Another Look at Rural Economies
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Supply Chain Execs Respond as Pandemic Creates E-Commerce Surge