Warning

JUser: :_load: Unable to load user with ID: 776

Thursday, 21 March 2019 13:12

Core Tech's $2 Million Expansion

BALLSTON SPA - The Saratoga Economic Development Corporation (SEDC) and the Saratoga County Industrial Development Agency (IDA) is helping Core Tech Industrial Corp. plan for a proposed expansion that would cost $2 Million. Core Tech is seeking $418,000 in tax breaks through the IDA, according to SEDC president Denis Brobston. The SEDC is assisting Core Tech through the application process in Ballston.

Core Tech, located at 2 McCrea Hill Rd. in Ballston Spa, is a manufacturing business that develops and engineers parts for the power market. They have built gas-fired, solar and wind turbines for General Electric and others.

Core Tech is planning to build a 30,000 square-foot detached manufacturing facility in Corporate Tech Park, in the lot adjacent to Core Tech’s current site.

“So this is a retention of the existing company because if they don’t keep investing here then they invest somewhere else,” said Brobston. He adds that Core Tech has been approached aggressively from states throughout the country pitching to have expansion done in a new location.

Core Tech currently leases out one-fourth of its existing facility to another company. The lease is for 10 years.

“The way that their growth has taken place they need 30,000 square feet of manufacturing space and there’s a lot right next to them that they were able to get control of,” said Brobston.

The expansion would bring Core Tech’s current employment from 48 to 68. According to Brobston these are in the $70,000

Read 1212 times

Blotter

  • New York State Police The New York State Police announced that it issued 5,576 tickets during this year’s St. Patrick’s Day enforcement initiative. The campaign began on Friday, March 15, and continued until Sunday, March 17. During the campaign, funded by the Governor’s Traffic Safety Committee, State Police utilized sobriety checkpoints, additional DWI patrols, and underage drinking and sales to minors detail. State Police also ticketed distracted drivers who use handheld electronic devices. State Troopers arrested 132 people for DWI and investigated 199 crashes, which resulted in 25 people being injured and no fatalities. As part of the enforcement, Troopers also…

Property Transactions

  • BALLSTON Heather DiCaprio sold property at 473 Garrett Rd to Justine Levine for $288,000 Sharon Willman sold property at 99 Jenkins Rd to Charles Lemley for $165,000 CORINTH George Montena sold property at 422 Oak St to Stephen James for $142,250 Mark Makler sold property at 313 Oak St to Sabrina Sinagra for $195,000 GREENFIELD Landlord Services of Upstate New York sold property at 1935 NYS Rt 9N to Cochise Properties LLC for $210,000 MALTA  Linda LaBarge sold property at 35 Snowberry Rd to Qu Haozheng for $270,000 Dennis Mitchell sold property at 60 Village Circle North to BGRS Relocation…
  • NYPA
  • Saratoga County Chamber
  • BBB Accredited Business
  • Discover Saratoga
  • Saratoga Springs Downtown Business Association