ITT -Goulds Pumps Investing $22 Million In Seneca Falls
11/14/2012 2:02:22 PM
By Joe Nittler
Seneca County Chamber President Jeff Shipley sees bright days ahead following the announcement from ITT-Goulds Pumps that they will invest 22-million dollars to add a 75-thousand square-foot manufacturing facility and expand its current Research and Development Laboratory in Seneca Falls.
The project includes a new state-of-the-art test facility for high-energy pumps. A minimum of 50 new jobs will be added in Seneca Falls.
The project will include a 75-thousand square-foot manufacturing facility and expand it’s current Research and Development Laboratory in Seneca Falls. It will take about two years to bring the new facility and jobs into full operation. The research lab expansion should be completed by early 2013, with the manufacturing building ready to go by the end of next year.
Company President Robert J. Pagano Jr. said ITT was courted by several out of state and even out of the country locations for their expansion. A $5 million state incentive package convinced the company to build on land it already owns in Seneca Falls.
The package includes rebates or postponement of taxes, funds for training and building power infrastructure. In return, the company pledged to create 50 jobs, which the company says will include mostly manufacturing positions, and some additional engineers.
Michael Morse, Empire Stare Development’s senior director, industry development, said, “We and our development partners are offering ITT Goulds Pumps a combined incentive proposal valued at more than $5 million. This initiative demonstrates the viability of New York State as a home for global manufacturers like ITT.”
Lieutenant Governor Robert Duffy said, “Governor Cuomo’s commitment to building a new New York that supports businesses and creates jobs is demonstrated today by ITT Goulds Pumps announcement that it will expand in Seneca Falls. This new investment will ensure that a leading manufacturer remains in New York.
“I am pleased that the state has offered $1.5 million in Excelsior Jobs Program benefits and a $100,000 training grant to support ITT Goulds Pump so that it can invest in Seneca County, as well as create at least 50 jobs. ITT Gould Pumps is a world-class company, and we are proud to have them stay and expand in upstate New York.”
Seneca Falls Industrial Development Authority Chairman Thomas Kime said, “The IDA Board is proud and appreciative that ITT Goulds Pumps has chosen to invest and expand its industrial base here in Seneca County , we are also grateful for the ongoing efforts put forth by our professional staff to assist and encourage businesses to do so.”
New York Senator Mike Nozzolio, 54th Senate District, said, “Securing the necessary financial incentives for ITT Goulds Pumps to keep jobs here and grow and expand is extremely important news for Seneca County and the Finger Lakes region. I was pleased to work with Governor Cuomo, representatives of Empire State Development and the Seneca County IDA to secure the necessary financial incentives for ITT Goulds Pumps to grow and expand their operations in Seneca County.”