Empire State Development (ESD) today announced the completion of Metcar’s new 15,000 square foot aerospace materials manufacturing facility in Fallsburg, Sullivan County. The company, which already employs 117 people in a 80,000 square foot facility in Ossining, Westchester County, manufactures carbon graphite materials for a variety of industries, including aerospace, energy and pharma. ESD provided a $650,000 Economic Development Fund (EDF) grant and $310,000 in Excelsior Jobs Program tax credits for the expansion. The new facility will house the company’s Aerospace Materials Division, creating 10 new jobs. Metcar’s full name is Metalized Carbon Corporation.
Empire State Development President, CEO and Commissioner Howard Zemsky said, “Companies are choosing to stay and grow throughout New York State, and Metcar’s new facility will create good manufacturing jobs and add to the company’s contribution to economic growth in the Mid-Hudson region.”
Metcar will invest $5.7 million to build and outfit the new facility in Glen Wild Industrial Park, its fourth location. The investment includes the purchase and installation of machinery and equipment that will allow the company to run a PILOT plant using an electric induction process. Metcar was founded in 1945 and currently has manufacturing locations in Singapore and Mexico. It provides both custom products and pre-engineered products.
Metcar President and CEO Matthew Brennan said, “The ESD has provided Metallized Carbon with valuable incentives specifically targeted to allow the Company to maintain its commitment to grow in New York State. After spending nearly 75 years in the state, Metcar is proud to be able to expand our presence here and provide good manufacturing jobs that help grow the State’s economy.”
The Empire State Economic Development Fund (EDF) offers financial assistance for projects that promote New York State’s economic health by facilitating job creation and/or retention, or increased business activity in the state. Funds can be used for construction, expansion or rehabilitation of facilities, acquisition of machinery and equipment and other purposes. The Excelsior Jobs Program encourages businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments.
Senator Jen Metzger said, “I am very pleased to see Metcar making a significant investment in their new Fallsburg manufacturing facility. It’s important that recipients of Economic Development Fund grants demonstrate a strong and lasting commitment to New York and to the surrounding community, as Metcar has done.”
Assembly Member Aileen Gunther said, “I am very excited about this announcement pertaining to new jobs in Fallsburg. Thank you Governor Cuomo, Empire State Development and Metcar Aerospace Materials for working together to create this new facility and providing jobs right here in Sullivan County and choosing here as your new home.”
“Metcar represents exactly the kind of company we welcome in Sullivan County: an innovative, high-tech, living-wage employer with sights set on growth and quality. We are proud and grateful they chose our County in which to set up shop,” said Sullivan County Legislature Chairman Luis Alvarez. “This important project could not have happened without the incredible assistance and collaboration of Empire State Development, whose business-friendly approach made all the difference.”
Town of Fallsburg Supervisor Steven Vegliante said, “We are thrilled to learn of the completion of this project. This project produced a real impact in our community and we look forward to their growth in years to come! Supporting the creation of these skilled employment positions improves our community and we extend our gratitude to Metcar for their commitment to the Town of Fallsburg and to the Empire State Development Corp for helping to bring it to fruition."
About Empire State Development
Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.
Contact:
Adam Kilduff | [email protected] | (212) 803-3744
ESD Press Office | [email protected] | (800) 260-7313