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Local News

April 25, 2014

Recycling firm eyes Guilford Mills complex

A new suitor for the sprawling Guilford Mills complex is hoping the site will be adopted by the Start Up New York program, with help from the State University College of Agriculture and Technology at Cobleskill, Schoharie County Treasurer William Cherry said Thursday.

“There are a lot of moving parts right now,” Cherry told The Daily Star in describing the interest of Green Recycling Solutions International in the closed Guilford building in Cobleskill. “Being included in Start Up is a critical component.”

University officials have signaled they intend to splice Guilford Mills, located a mile from the campus, into its local Start Up program, which is designed to entice companies to set up shop in New York by offering them tax free status for 10 years.

Jason Evans, the college’s Start Up liaison and an assistant professor of agriculture business management, said one requirement for inclusion into the program is for companies to develop an academic partnership with the colleges.

Once a plan is prepared, it is sent to the Empire State Development Corp. for review, Evans said.

The Guilford plant closed in 2001. Schoharie County officials last year worked on a deal to sell the 465,000 square foot building to an offshoot of Butternuts Beer. When that deal fizzled, county officials began marketing the property again last fall.

Cherry said he and the Schoharie Town Supervisor recently visited the parent company of Green Recycling, RRML Capital, a venture capital concern, in Fort Lee, N.J.

He said if Green Recycling acquires Guilford Mills it could open with about 100 jobs, but could add many more in subsequent years.

The company, he said, would produce equipment used in recycling, such as machines that break down rubber tires.

While county officials had been exploring the possibility of selling the Guilford site in pieces because it was feared no buyer would be interested in such a massive site, Green Recycling is interesting in acquiring the entire complex, Cherry said.

The treasurer said he is “cautiously optimistic” that the company will move forward and buy Guilford.

The complex offers quick access to Interstate 88, and is connected to power lines and a municipal sewer system as well as natural gas service.

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