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USG to invest $19M to upgrade Genesee County plant

Rochester Business Journal
June 2, 2014

USG Corp. is investing some $19 million to upgrade its paper mill plant in Oakfield, Genesee County. The investment will keep 98 jobs and add another 12 positions, officials said.

The Chicago-based firm has had operations in Oakfield since 1902 and, after exploring its options at paper mills it owns throughout the country, has decided to invest in machinery upgrades and utility improvements there.

USG qualified for up to $665,000 in performance-based Excelsior Jobs Program tax credits and a $400,000 capital grant from the state in return for its proposed $19 million investment and job creation commitments. The company also received a $180,000 Community Development Block Grant from New York State Homes and Community Renewal and is applying for a grant from National Grid PLC to assist with electrical infrastructure upgrades.

“By supporting this expansion, we are securing and creating more than 100 jobs in the region and paving the way for continued growth by an employer with more than a century of history in Genesee County,” said Gov. Andrew Cuomo in a statement.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 






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