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What you need to know for 01/22/2018

Mohawk Fabric a big winner in state funding

Mohawk Fabric a big winner in state funding

One of the largest awards from the Mohawk Valley Region Economic Development Council went to Mohawk
Mohawk Fabric a big winner in state funding
Gov. Andrew M. Cuomo today announced that $738 million has been awarded through Round Two of the Regional Economic Development Council initiative. At Mohawk Fabrics located on Guy Park Ave. in Amsterdam, company principal, who’s family has owned the
Photographer: Marc Schultz

The Mohawk Valley received slightly less than last year’s $60 million award, getting $59.7 million this year for 70 projects across Fulton, Montgomery, Herkimer, Oneida and Otsego counties.

One of the largest awards in the pot went to Mohawk Fabric Co. in Amsterdam. The textile and fabric manufacturer received $1.38 million to help expand its manufacturing facility at 96 Guy Park Ave., among other enhancements.

Last year, Mohawk Fabric completed a 14,000-square-foot addition and sought state funds to purchase new equipment and boost job numbers. The regional council award will allow it to accommodate new orders and eliminate several outsourcing processes by acquiring two knitting machines. The company will also reduce energy costs with the installation of a 50- to 70-kilowatt solar energy system.

“It’s an exciting time,” said Mohawk Fabric owner Dominic Wade. “It’s good to be recognized for our hard work and our commitment to staying in New York, particularly in such a hard time for everybody and in a difficult industry.”

The company has been in Amsterdam for 90 years. It began to expand in 2010, doubling employment from 5 or 6 to 10 to 12. Further expansion should add a few more employees over the next two years, said Wade.

Some equipment was nearly eight decades old, and in order to remain competitive, it had to be replaced, he said. Knitting machines can cost anywhere from $200,000 to $300,000, he added.

“These are very expensive pieces of equipment,” he said. “And as we have more equipment, we’re going to need more personnel to run it.”

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