Frankfort, NY, December 13, 2025
Frankfort, NY has been awarded a $7.9 million grant by the Herkimer County Industrial Development Agency to upgrade the Central New York Business Center. This investment aims to enhance advanced manufacturing capabilities and create jobs in the region. Announced by Governor Kathy Hochul, the funding will support crucial infrastructure improvements, positioning Frankfort as a competitive hub for industry and innovation while fostering local economic growth.
Frankfort, NY Gets $7.9 Million Boost for Business Center Upgrades
Frankfort, NY – The Herkimer County Industrial Development Agency (IDA) has secured a $7.9 million grant to enhance the Central New York Business Center, aiming to bolster advanced manufacturing capabilities and stimulate job creation in the region.
This significant investment, announced by Governor Kathy Hochul, is part of a broader initiative to support economic development across Upstate New York. The funding will be allocated to essential infrastructure upgrades at the Central New York Business Center, preparing the site for advanced manufacturing operations and strengthening the region’s economic future.
Enhancing the Economic Landscape
The upgrades at the Central New York Business Center are expected to play a pivotal role in attracting new businesses while retaining those already established in Herkimer County. By providing modern infrastructure equipped for advanced manufacturing, this initiative positions the region as a competitive hub for industry and innovation. Local entrepreneurs have shown remarkable resilience, and this boost will further empower them to achieve their business objectives.
A Key to Job Creation
With these enhancements, numerous employment opportunities are anticipated to emerge, contributing significantly to the economic growth of Herkimer County and its surrounding areas. As local businesses expand, job creation will lead to increased consumer spending, further stimulating the local economy. The ripple effect can strengthen the community as residents gain access to sustainable employment.
Infrastructure Developments Already in Motion
The Central New York Business Center has already been a focal point for industrial development in the region. Previous projects have demonstrated the power of private investment. One such initiative includes the construction of a 930,500-square-foot distribution center by Tractor Supply Company in the Frankfort 5S South Business Park, which is projected to create 350 new jobs by June 2024.
Additionally, the Central New York Logistics Center, positioned adjacent to the business center, is set to become the largest approved and shovel-ready industrial development site in New York State and New England. This development presents substantial opportunities for potential tenants, enhancing the overall business ecosystem in the area.
The Broader View
Governor Hochul’s announcement reflects a growing emphasis on economic development in Upstate New York, showcasing the importance of modernized infrastructure in attracting businesses. Such investments not only benefit newly established companies but also bolster existing businesses that rely on updated facilities to compete in a rapidly changing market.
Conclusion
The $7.9 million grant for the Central New York Business Center signifies a major investment in the region’s economic future. By modernizing infrastructure, attracting new businesses, and creating jobs, this initiative enhances the economic landscape of Herkimer County and Central New York. For local residents and entrepreneurs alike, these developments are reason for optimism, strengthening the community and fostering a vibrant business environment.
Frequently Asked Questions (FAQ)
What is the purpose of the $7.9 million grant for the Central New York Business Center?
The grant is intended to fund essential infrastructure upgrades at the Central New York Business Center, preparing the site for advanced manufacturing operations and strengthening the region’s economic future.
How will the grant impact the local economy?
The enhancements are expected to attract new businesses, retain existing ones, and create numerous employment opportunities, thereby contributing to the economic growth of Herkimer County and the surrounding areas.
What is the Central New York Logistics Center?
The Central New York Logistics Center is a large industrial development site located adjacent to the Central New York Business Center. It is poised to become the largest approved and shovel-ready industrial development site in New York State and New England, offering substantial space and infrastructure for potential tenants.
What other developments have occurred in the Frankfort 5S South Business Park?
Other developments include the construction of a 930,500-square-foot distribution center by Tractor Supply Company, projected to create 350 new jobs by June 2024, and the development of the Central New York Logistics Center, which is poised to become the largest approved and shovel-ready industrial development site in New York State and New England.
Who announced the grant for the Central New York Business Center?
The grant was announced by Governor Kathy Hochul as part of a broader initiative to support economic development across Upstate New York.
Key Features of the Central New York Business Center Upgrades
| Feature | Description |
|---|---|
| Grant Amount | $7.9 million |
| Purpose | Infrastructure upgrades for advanced manufacturing |
| Expected Outcomes | Attraction of new businesses, retention of existing ones, job creation |
| Location | Central New York Business Center, Frankfort, NY |
| Announced By | Governor Kathy Hochul |
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