ANNOUNCEMENT 29 Nov 2011

The incentive package is being funded by Empire State Development, Empire State New Market Corporation, and New York State Homes and Community Renewal's Office of Community Renewal.

 

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Nov 2011 | Removal date: open ended

Financial grant

On November 29, 2011 Governor Andrew M. Cuomo announced a business assistance and retention package of approximately $20 million in order to keep Amphenol Aerospace in Sidney, Delaware County. The company manufactures interconnect products for the military, commercial aerospace, and industrial markets. Significant flooding from Tropical Storm Lee had devastated Amphenol's facility, and the company explored options to move manufacturing to other sites outside New York State. The company will use funding from the state's incentive package to help relocate its operations from its current facility to a new site nearby. Funding from the state's $20 million incentive package will be used to offset the costs associated with site acquisition, building construction, extension of a natural gas line to both the existing facility and new facility, and construction of a levee around the existing plating facility.

AFFECTED SECTORS