State officials have approved a $2 million grant to help transform the former Tryon Residential Center into a technology park and business incubator for Fulton County.
The grant was among six around the state worth $6.2 million that were finalized by Empire State Development’s board of directors Wednesday. County officials will use the funding to cover the cost of planning, design, engineering and construction for infrastructure such as roads and utilities that will serve the former juvenile detention center’s 327 usable acres in Perth.
Tryon closed in 2011 and the facility was transferred to the Fulton County Industrial Development Agency this past January. The IDA has since rolled out a $3 million business park redevelopment plan for the site, aimed at creating jobs and expanding the tax base.
Estimates suggest the project could generate approximately 1,800 new jobs for the region and create as much as 2.6 million square feet of usable space in the park.
Also approved Wednesday was a $100,000 grant for AMT Inc., a Schoharie County manufacturer of quality metal and metal alloy precision investment castings. The funding is expected to cover a portion of the cost to purchase machinery and equipment for AMT’s 21,500 square-foot facility in Sharon Springs.
AMT produces parts that typically fit in the palm of the hand and require relatively low-volume production runs. AMT serves a small market of approximately 100 international customers in various industries, including the aerospace, aviation and medical industries.
In 2010, AMT sought to improve its automation. But spatial limitations made it difficult to maintain an output comparable to other manufacturing operations.
Absent the grant, state officials said AMT wouldn’t be able to keep pace with industry demands. The new project protects 29 jobs and will create 10 new positions, according to the state.