Amsterdam IDA awarded $40K grant

AMSTERDAM – The Amsterdam Industrial Development Agency has been awarded a grant of up to $40,000 to purchase machinery and equipment to upgrade the Mohawk Fabric Company.

In March 2012, a news release said, the IDA collaborated with Mohawk Fabric, a manufacturer and distributor of specialty fabrics including silk, cotton nylon, polyester and rayon. Without ESD’s assistance, the project could not have taken place, the release said. This project will retain 10 existing jobs and create five new jobs; the company has already created three of the five new jobs, the release said.

According to the release from Empire State Development, organizations are receiving $5.6 million in project funding that will create and retain more than 430 jobs across the state.

“The strategic investments we’re making at Empire State Development are creating jobs and supporting major economic development projects across New York state, leading to a stronger economy and more economic opportunities for New Yorkers,” ESD President, CEO and Commissioner Kenneth Adams said in the release. “The funding approved today will ensure that thriving industries such as tourism, agricultural production, manufacturing, and biomedical engineering continue to bring their business, and jobs, to New York state.”