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What you need to know for 04/30/2017

Hearing set on Ballston firm's expansion

Hearing set on Ballston firm's expansion

The Saratoga County Industrial Development Agency will hold a public hearing at 8 a.m. July 14 in Ba

The Saratoga County Industrial Development Agency will hold a public hearing at 8 a.m. July 14 in Ballston Town Hall on expansion assistance requested by Specialty Silicone Products.

The IDA board set the hearing during a meeting Monday in Ballston Spa.

The board may act on the application following the public hearing.

Specialty Silicone, a manufacturer of laboratory membranes and other specialized silicone items, wants to expand at its location in the Corporate Technology Park off Route 50.

The proposed $4 million addition would add clean room manufacturing space to the building, and increase automation.

Specialty Silicone currently employs 58 people and would add six more jobs if the expansion goes forward, company officials said in their application.

The company is seeking IDA economic development financial incentives that could include a $238,000 sales tax exemption, a $20,000 mortgage tax exemption and a property tax exemption worth between $58,000 and $108,000 over 10 years.

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