A More Bustling Buffalo and WNY Economy

Across the state of New York, many communities are expected to experience a more bustling energy over the next few months. The many business and public projects being started all over the state is a great relief to us here at Speed Global Services. As communities throughout the Empire State continue to grow and thrive, we’ll be here to help make sure that every organization has access to superior shipping and delivery services.

Getting funds and supplies to the right part of the state greatly helps the state economy. In January of this year, the board of directors for the Empire State Development, the state’s public economic development agency, approved a group of four awards totaling $5.4 million in aid to cities around New York State. According to this article published by Area Development, these projects are located in communities from the Western New York, Mohawk Valley, Finger Lakes and Long Island regions.

Germany-based ORAFOL Precision Technology Center, situated in Monroe County, will receive a $200,000 grant from the state to help fund a $12 million project to construct an addition to their main facility. The 48,000-square-foot renovation will be used by the specialty tool manufacturer to create a North American tooling center operation. Gehring Tricot Corporation, a knit and woven fabric designer based in Herkimer County, will receive another $200,000 grant to purchase manufacturing equipment and repair various facilities.

In our own backyard of Western New York, the Jacobs Institute of Erie County will receive up to $4 million to fund the medical research corporation’s capital equipment purchases for its new Centers for Innovation and Entrepreneurship. The project will attempt to create a medical device prototype facility, a business commercialization center for developed devices and an industrial training center for communicating device techniques and standards to other professionals.

It’s easy to see that New York State has a friendly and open atmosphere to many kinds of businesses. If you’re looking to start your corporate empire in our state, trust Speed Global Services to get your goods to Buffalo, Albany, Binghamton and beyond!

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