Search ENP

Powered by Blogger.


Social Connect

Get it on Google Play

Upcoming Events

February, 2016:

Friday, February 20

ART247 Black and White Exhibition

March, 2016:

Advertise Your Event on ENP!
More info here

Wednesday, December 16, 2015

WHEATFIELD -- Bridgestone APM Company, a subsidiary of Bridgestone Corporation, the largest tire and rubber manufacturer in the world, will invest $13.6 million to construct a new 65,000 square-foot manufacturing facility in Niagara County, it was announced today.

The new facility will be built on an 11-acre site in the Vantage International Point industrial park on Inducon Parkway. This investment is projected to create 89 new jobs within five years and receive up to $1.2 million in Excelsior tax credits from Empire State Development Corporation.

“The Vantage International Point industrial park is proving to be an excellent draw for new businesses," said Niagara County Legislature Chairman Bill Ross. "I applaud collaborative work that was done to attract Bridgestone to Niagara County. We look forward to having the Bridgestone jobs and a facility that will make us proud for years to come. ”

“This new facility will create jobs and bring private investment and economic opportunity throughout the region,” Gov. Andrew Cuomo said. “I am proud to welcome Bridgestone APM to Niagara and I look forward to seeing the manufacturing sector continue to thrive in Western New York for years to come.”

The is projected to be an investment of $6.5 million for the Western New York developer, the Montante Group. BAPM will lease the building from the Montante Group and expects to invest an additional $7.1 million in machinery and equipment to create 89 new jobs within 5 years. Bridgestone APM Company will use the new plant to produce polyurethane foam used in car seats. Much of the product will be exported to Canada for its automotive market.

Howard Zemsky, ESD President and CEO said: “I can’t think of a better place than Niagara County for a world-renowned company, like Bridgestone, to build a state-of-the-art manufacturing plant. Western New York’s revival and proximity to Canada was a distinct advantage in beating other states that were vigorously competing for the new facility and the dozens of jobs it will bring.”

Operations at the new facility are expected to begin in the first quarter of 2017. Full production is projected to be online in the June to August timeframe of the same year.

Other support for the project includes tax incentives from the Niagara County Industrial Development Agency that are estimated to save the company almost $3.2 million over the 15-year life of the abatement. A grant of up to $750,000 from the New York State Office of Community Renewal will be used to offset a portion of the cost of machinery and equipment to support the project.

“The NCIDA successfully competed with other counties and was able to be a part of an incentive package that attracted a company that will provide 89 people with good paying jobs," according to NCIDA Chairman Henry M. Sloma. "Our international location and aggressive attraction efforts will continue to bring companies to Niagara County."

State Sen. Rob Ortt added, "Bridgestone is a company that any state would be proud to have, which is why we are pleased they are building a multi-million dollar facility in Niagara County. The automotive industry has played an important role in our region’s past, so it's fitting that Bridgestone is creating a modern factory that will rely on our strong, local workforce. These are the quality jobs we need to strengthen our local economy."

Check out East Niagara Post videos on YouTube, Vine and Periscope.


Post a Comment

Comments are always appreciated. Your comment will be reviewed for approval before being made public.