ANNOUNCEMENT 07 Jun 2017

The incentive package includes up to $14.7 million in performance-based incentives.

 

 

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 07 Jun 2017 | Removal date: open ended
Still in force

Financial grant

On June 7, 2017 Governor Andrew M. Cuomo announced an incentives package for an American Packaging Corporation manufacturing plant in Monroe County. In order to secure the project, Empire State Development offered up to $14.7 million in performance-based incentives, including $7.7 million in Upstate Revitalization Initiative grants. Rochester Gas and Electric provided the company with up to $870,000 in grant funding for electric and gas infrastructure and Monroe County also provided tax exemption benefits through COMIDA. American Packaging had planned to construct the new plant near its facilities in Iowa. The company specializes in flexographic and rotogravure printing; multi-ply extrusion and adhesive lamination of film, paper, and foil; and pouch and bag fabrication.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
Inception date: 07 Jun 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

The incentives package also includes $7 million in Excelsior Jobs Program tax credits, and an unspecified amount of tax exemption benefits from Monroe County.

 
N/A