Vapor Stone Rail Systems Expand Operations in Plattsburgh, New York
07/13/2018
The company, which is known for its public transit components and has been operating in Plattsburgh since 1998, will lease 60,000-square-feet of manufacturing and warehouse space adjacent to the airport facility.
The company ‘s plans builds on the Governor's $38.1 million commitment to transform Plattsburgh International Airport into a modern transportation and economic development hub. The airport project, which is part of the Governor's Upstate Airport Economic Development and Revitalization Competition, furthers the state's commitment to reimagine and rebuild transportation gateways across New York, and is expected to be complete this fall.
"The Plattsburgh International Airport is quickly becoming a 21st century transit hub, transforming the way residents and visitors travel while fostering new business opportunities throughout the region," Governor Andrew Cuomo said. "I commend Vapor Stone Rail Systems for not only investing in the expansion of its North Country facility, but for investing in employee training that will help provide the hard-working men and women of this region good-paying jobs for years to come."
Vapor Stone Rail Systems plans to invest nearly $2.5 million in machinery, relocation expenses and employee training to fit out a new 60,000-square-foot facility that is currently under construction. The new building, an element of the Plattsburgh International Airport upgrade project, is supported through a public-private partnership between the New York State Department of Transportation and the Plattsburgh-based Development Corporation.
Empire State Development will also provide up to $700,000 in performance-based Excelsior Jobs Program tax credits to support the creation of at least 52 new full-time jobs. The company plans to also retain its current Plattsburgh-based workforce of nearly 100 employees.
The $38.1 million transformation of the airport was first introduced as a component of Round Two of the Upstate Airport Economic Development and Revitalization Competition, which was announced in Governor Cuomo's 2017 State of the State address. The most impactful components of this project focus on modernizing the facility to support the growing transportation equipment and aerospace industry in and around Plattsburgh and the entire North Country.
In March, crews completed the demolition of eight on-site buildings and the installation of a boarding bridge. They also began construction of the new multimodal terminal building, and the general aviation and cargo customs facilities. Renovations are underway on four light industrial buildings, two aircraft hangars and a rental car facility, along with the rehabilitation of the main terminal parking lot, and the build out of concessions in the terminal. The total project, which will support more than 800 construction jobs, is expected to be completed by this fall.
Project Announcements
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024