The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Breaking News

Local News

April 3, 2013

Work to begin on new Amphenol site

$3.8 million aidhelps firm move to higher ground

SIDNEY — After suffering devastating floods twice in seven years, the Amphenol Aerospace factory, employing approximately 1,000 workers, will move into a new plant on higher ground in 13 months, officials said Tuesday.

The floods forced Amphenol to consider pulling up its stakes in the region and moving elsewhere, said U.S. Sen. Chuck Schumer, D-N.Y.

But company officials, the senator noted, wanted to keep the operation in the same region where it has turned out aerospace products for nearly 90 years. Schumer said he assisted in that goal by urging the federal Economic Development Administration to send a $3.8 million disaster-aid package to the Delaware County Industrial Development Agency.

Those funds, he said, will be used to make the site at 171 Delaware Ave. — near the K-Mart store — shovel-ready so construction can begin this spring.

Richard Aiken, general manager for Amphenol Aerospace, said the company will be making its own investment in the new site, but declined to give a price tag for the whole project, noting the company is a defense contractor in competition with other firms.

“This grant was integral in the financing for Amphenol to build a plant on higher ground in the Village of Sidney, which will create good jobs for many generations of future New Yorkers,” Aiken said.

Aiken estimated Amphenol will begin occupying the new complex April 30, 2014.

The new federal assistance being funneled into the project through the county IDA comes on the heels of a $20 million state business assistance and retention package that state economic development officials announced in late 2011.

“This was the last piece of the puzzle,” Schumer said of the new $3.8 million package that officials said will be used to provide the flood-safe site with storm water and filtration systems, sewer and water extensions, and an upgrade to the electrical system.

Text Only
Local News

Additional Content
Join the Debate
Additional Resources
CNHI News Service

Is Israel justified to conduct its military campaign against the Hamas in Gaza?

Undecided/no opinion
     View Results