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Project Name

Flexovit USA

Address

1305 Edan-Evans Center Road
Angola
New York
14006

Project Details

Having a large portion of the complex destroyed during the 2014 snow storm, the company is looking to rebuild in Evans and reinstating the approximately 40 jobs lost due to the destruction. 

The project includes the rebuilding of a 62,000 sq. ft. manufacturing and warehouse facility along with the purchase of machinery and equipment.

The company was insured for the loss and has reached a settlement with the insurance company which agreement falls short of covering the losses incurred.

The company currently employs 45 people at the facility, however prior to the storm, there were approximately 90 full time positions at the Evans plant.

 

Status Details

11/18/2015 - $8,020,887 Lease/Leaseback Inducement Resolution passed by the Board of Directors.