Governor Cuomo Announces Completion of Cold Point Corporation's New $5.1 Million Manufacturing Facility in Rome

March 25, 2021

The Completion of this Facility at the Former Rome Cable Site Brings a Revitalization Capstone to a Decade-long, Community-led Brownfield Redevelopment Effort

$10 Million DRI Investment in Rome is Part of a Strategic Goal to Enrich and Improve the Quality of Life in the Entire Region

Governor Andrew M. Cuomo today announced the completion of Cold Point Corporation's new 50,000 square foot $5.1 million manufacturing facility in Rome. Cold Point Corporation specializes in the design and manufacture of water source heat pumps, packaged terminal air conditioners, condensing units, as well as packaged heat pumps and air conditioners for direct replacement, renovation, and new construction applications. The completion of the Cold Point Corporation facility marks a milestone for this signature project from Rome's Downtown Revitalization Initiative plan and a strategic site identified in the Erie Boulevard Brownfield Opportunity Area which will help to attract talent and a 21st century workforce to downtown Rome by establishing an advanced manufacturing facility with more than 50 employees within a five-minute walk to the downtown core. The new facility, in concert with other DRI funded projects such as a distinctive downtown branding and wayfinding programs and dynamic new civic spaces, will transform Downtown Rome into a destination for a diverse range of small business, entertainment, and restaurant uses. 

"We are focused on revitalizing and building back New York State better than ever before," Governor Cuomo said. "Cold Point Corporation's expansion in the Mohawk Valley is key to reigniting our economy, bringing jobs and demonstrating our regionally based approach to economic development. These investments strengthen the region's economy and moves Rome and the Mohawk Valley into a brighter future."

Secretary of State Rossana Rosado said, "Rome's downtown revitalization is becoming a reality with the opening of Cold Point Corporation's new manufacturing facility. Located closely to the core of downtown Rome, this new state-of-the art facility will attract a talented workforce to the area, helping to grow the region's overall economy. This project was part of the State Superfund Program and the recently completed Erie Boulevard BOA nomination led by DOS. These collaborative efforts helped bring to fruition Cold Point's facility and represents the forward progress for a brighter future for the City of Rome."   

Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, "This project will allow the City of Rome to build upon the success of Cold Point Corporation's new facility, which will attract additional private investment and expand employment opportunities in the City's core. Additionally, this is a critical step in creating a business and technology district on the former Rome Cable site that will bring 21st century jobs in advanced manufacturing and high-tech business."   

Read the full press release here.