A committee of Montgomery County supervisors will review two measures this week for a grant application to help an Amsterdam business create up to 65 new jobs.
Power Pallet is seeking a $503,500 grant from the Community Development Block Grant Program administered by the state Office for Small Cities, according to an outline of the proposal provided by the state Division of Housing and Community Renewal.
The company, which recycles and refurbishes wooden pallets, is considering a $3.23 million project to add a second production line using equity and bank loans to finance the rest of the project, according to the state.
Power Pallet, which moved into the former Mohawk Finishing Manufacturing facility on state Route 30 in Amsterdam in 2004, employs about 125 people, officials have said.
A representative from the company could not be reached for comment Monday.
In the event the company is approved for a grant, the expansion would lead to 62 jobs for people with low to moderate incomes.
New jobs would include production line workers, assemblers and pallet sorters for wages between $10 and $14 per hour, according to the state.
Providing employment for people with low to moderate incomes is one of the conditions of receiving funding through the state’s Community Development Block Grant program, according to the Web site of the state Office for Small Cities.
The company secured several clients since it moved to Amsterdam, including Target Corp. distribution sites in Wilton and Amsterdam, a Staples distribution site in Amsterdam, 13 Home Depot stores and 210 Lowe’s Home Improvement Warehouse stores, according to the state.
Montgomery County supervisors have to take several steps as part of the funding process.
This week, the county Board of Supervisors’ economic development committee will consider signing off on a grant application as well as fixing a date for a public hearing required for such funding projects.
The board is also expected to name the board chairman as certifying official for the review process under the National Environmental Policy Act.
Since Community Development Block Grant funding is filtered to states from the federal Housing and Urban Development department, projects receiving the funds have to be reviewed under the provisions of the NEPA.
Amsterdam Second Ward Supervisor Barbara Johnson, a member of the board’s economic development committee, on Monday said she expected little discussion in committee on forwarding the resolutions to the full board.
“It’s going to have a positive economic impact because they’re adding jobs,” Johnson said.
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Categories: Schenectady County