NEWBURGH – Metal manufacturer MetalWyze, Inc. is seeking a payment in lieu of taxes (PILOT) agreement through the Newburgh City Industrial Development Agency to develop a metal coil and sheet metal processing facility in the City of Newburgh.
IDA Executive Director Cherisse Vickers said the company plans to rehabilitate a 63,000 square foot building at 106 Pierces Road and redevelop it.
“The construction phase of the project will generate two direct-indirect jobs that will generate approximately $151,257 in wages,” she said. “The project will result in 10 direct and two indirect permanent jobs, approximately over $1 million in an annual basis.”
The company plans to install new high-tech equipment for its operations on the more than five-acre parcel.
Only one comment was entered in the record during a Monday evening public hearing. The Orange County Partnership expressed its support for the project citing redevelopment of an unused property, creation of new jobs and partnerships with SUNY Orange and the Newburgh Free Academy Tech Center.
The IDA has yet to rule on the requested 10-year PILOT agreement.
Comments