The Regional Development Council of New York has given $24 million to high-priority manufacturing and infrastructure projects all around the state. Two of the 28 projects granted represent around $895,000 in core capital grants and tax-credit money from Empire State Development and are situated in Queens and Long Island.
Magellan Aviation To continue its investments in cutting-edge systems and assembly solutions for aircraft and engine manufacturers, as well as defense and space agencies, New York, the regional affiliate of international aerospace solutions provider Magellan Aerospace, received a grant of $295,000. The Corona, Queens-based business, which estimates the cost of this particular project at $1.5 million, has helped New York State maintain its status as a pioneer in the world's aerospace supply chain.
$300,000 Tax Credits And $300,000 Empire State Development Grant
A $300,000 Excelsior Jobs Tax Credit and a $300,000 Empire State Development Grant were given to Unique Electric Solutions of Holbrook, Long Island. The grants will help pay for the creation of a cutting-edge battery pack welding line for applications involving stationary batteries and commercial electric vehicles. $3 million is the anticipated total cost of the project.
Additional grants will support infrastructure and manufacturing businesses in Western New York, the Finger Lakes region, Auburn, Elmira, and Saratoga Springs. The Social Impact Content Film School in Yonkers was awarded a $450,000 grant to renovate a section of its site and build new educational facilities.
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