P W Minor Manufacturing Returns to Homeland New York
Published By : 07 Apr 2015 | Published By : QYRESEARCH
P W Minor, known as manufacturer and distributor for leather footwear merchandise and orthopedic products has brought back manufacturing from China to homeland New York. The relocation move will create job opportunities up to 100 more at the company’s Batavia facility in New York State.
The project that is going to cost US$7.35 million will automate the process that will bridge the gap between operations in China and New York. The move will empower the company to shut operations at China and create 100 additional jobs in the homeland.
To keep the commitment for creations of job, the Empire State Development (ESD) will offer up o US$1.75 million in tax credits as an incentive. This is in addition to what was awarded previously US$49,505 in the year 2014. If the company did not receive incentives from ESD, it would not shutdown operations in China to bring it to Batavia, New York.
The news comes as a surprise from the Governor’s office, which had earlier announced in August 2014 for shutdown of P W Minor on July 31, 2014. As per the Governor’s office the company will be operational under new management and ownership keeping more than 50 jobs for manufacturing.
As per the Governor’s office announcement, it is a pleasure to have the manufacturing back to the homeland. It is also important for the existing businesses to grow rather than only attract new customers. The move from P W Minor will enhance the region’s reputation for new ventures and opportunities.