New York’s development professionals bring expertise, experience, best practices, and the resources of the state and their communities to every project they assist. These case studies are a sampling of those projects.
If you would like to submit your project(s) to be posted on the NYSEDC Web Site you can fill out either form: PDF Form or MS Word Form. Please send all submissions to: eaton@nysedc.org
DeMet's Candy Company
Demet's Candy Company, of Connecticut acquired the Turtle brand candy from Nestle in 2007, along with a manufacturing facility in Scarborough, Ontario, Canada. The company, through a site consultant firm conducted a northeast search (NY, NJ, PA, CT, MA, etc.) to relocate the business into a more efficient and less costing food processing facility. The company selected a 17 acre parcel in the Airport Corporate Park (Build NOW NY), Big Flats , NY to construct a 100,000 sq.ft. facility. To date 250 new jobs have been created
Project Need (problem)
Besides suitable land with a good transportation network and access to labor, the project needed incentives as it was a highly competitive multi-state search
Project Solution
The Empire Zone program provided enough incentive to narrow the search to New York State locations. The Airport Corporate Park provided a shovel ready environmentally clean site for food processing. The Chemung County IDA provided land at below market rates and via PILOT Increment financing the community constructed infrastructure extensions and a new road. Turtle Circle to serve the plant. The NYS Office of Community Renewal provided a $ 750,000 grant to offset machinery costs.
Copyright © 2000 - 2009
New York State Economic Development Council
Phone: (518) 426-4058
Fax: (518) 426-4059
New York State Economic Development Council
111 Washington Avenue, 6th Floor
Albany NY 12210