Fulton Announces Expansion Plan
|Ronald Palm, chairman, Fulton Cos.; Melanie Littlejohn, regional executive of central New York, National Grid; Kevin LaMontagne, chief financial officer, Fulton Cos., and William A. Barclay, N.Y. Assembly District 124, during the check presentation.|
PULASKI, N.Y. — Fulton Cos. recently received a $221,000 capital investment incentive grant from National Grid for infrastructure improvements in support of the company’s 112,000-square-foot expansion and $13.9 million capital investment plan.
“We are grateful for National Grid’s support,” said Kevin LaMontagne, chief financial officer, Fulton Cos. “Fulton is dedicated to central New York. Our commitment to superior customer service, quality on-site product construction, and globalization of sales has resulted in our strong and continued presence in this region. The grant from National Grid allows us to begin to expand our facilities — this means more business, customers, and jobs. We plan to add approximately 50 new jobs in our Pulaski office over the next five years.”
Melanie Littlejohn, National Grid regional executive of central New York, said National Grid and Fulton have jointly identified job growth as a critical issue worth addressing.
“National Grid is pleased to provide these funds to help Fulton realize its growth, provide jobs, and sustain the economy,” she said. “Not only will the community of Pulaski benefit, but so too will the entire region as National Grid continues to make investments in economic development programs to help attract more businesses, residents, and visitors to our area.”
National Grid’s capital investment incentive grant will offset costs associated with construction of a new 82,000-square-foot manufacturing floor, 10,000-square-foot research and development center, and 20,000-square-foot office space. The grant also supports Fulton’s $13.9 million capital investment in projects that include expansion of thermal fluid heating product lines, creating lower emissions products, and manufacturing a wider range of large boilers.
“The Fulton Companies’ expansion is great news for our area,” said William A. Barclay, N.Y. Assembly District 124. “This will not only add jobs to our region, but will ensure hundreds of jobs will stay here with this reinvestment. I’m pleased Fulton Companies has received the support from National Grid to help create jobs. The leaders at Fulton Companies have shown their dedication to this region once again with this expansion.”
Publication date: 05/07/2012