Expansion to Retain 148 Jobs; Create 46 New Jobs at the 50-Year-Old Company in Erie County
Governor Andrew M. Cuomo today announced the expansion of AAkron Rule Corporation, the nation’s largest manufacturer of wooden rulers, yardsticks, and pencils, in Western New York. The company will invest $2.9 million to upgrade its current facilities, as well as support new construction in Akron. The expansion will retain 148 jobs and is expected to create 46 new jobs at the company. To encourage the company to expand at its Akron location rather than a plant in Tennessee, Empire State Development has offered $500,000 in performance-based Excelsior Jobs Program tax credits. In addition to wood products, the company has injection and blow molding production capabilities used to make nearly a hundred plastic items for the promotional products industry.
"AAkron Rule’s decision to expand in Western New York instead expanding in another state sends the clear message that New York is open for business," Governor Cuomo said. "This expansion will help spur Erie County’s economy by creating jobs, helping this region to continue to grow and thrive for years to come."
The project will consist of upgrading the existing manufacturing building, purchasing additional injection, blow molding equipment and state-of-the-art decorating equipment. The current 12,000-square-foot manufacturing warehouse will have another 9,000 square-feet added to it. Additionally, 16,000 square feet will be added to house the company’s molding operations, which is currently located in a separate building on Indianola Avenue.
Devin Piscitelli, AAkron Rule CEO said, "This is a special time for everyone at AAkron Rule. It is a great feeling to announce this expansion during our 50th Anniversary. This project will allow AAkron Rule to maintain our prominence within our industry, as well as being a staple within the Akron Community."
Empire State Development President, CEO & Commissioner Howard Zemsky said, "Attracting and retaining manufacturing operations in New York State is a top priority. With ESD’s assistance, AAkron Rule will now be able to expand and upgrade its production facility and create dozens of new jobs for Western New York."
Invest Buffalo Niagara, the region’s private-sector economic development agency, played a key role in ensuring this expansion took place in Western New York.
Invest Buffalo Niagara President & CEO Thomas Kucharski said, "The Buffalo Niagara region continues to be a highly sought after destination for advanced manufacturing companies. Our region’s highly attractive power rates and infrastructure, skilled workforce and competitive business development incentives were key factors in AAkron’s investment decision. This project builds on an already strong cluster of plastics manufacturing in Buffalo Niagara."
The Erie County Industrial Development Agency Board of Directors approved sales tax incentives on construction materials, a reduction in the county’s mortgage recording fee, and an abatement on future property taxes for ten years.
ECIDA President and CEO Steve Weathers said, "AAkron Rule is an important company to this community and also to the economy of Erie County. For fifty years they have employed hundreds of people, supporting hundreds of local families. It is the mission of the ECIDA to provide incentives that will help this company move forward in their manufacturing and job growth goals and continue their success in Western New York."
Erie County Executive Mark Poloncarz said, "AAkron Rule is a home-grown company and we are proud to join in the celebration of their 50th anniversary of business with best wishes for future success right here in Erie County. Wise investments by the ECIDA and other partners in government have helped to ensure that this local company will stay here and grow here for years to come."
State Senator Michael H. Ranzenhofer said, "I applaud AAkron Rule for investing millions of dollars and creating new jobs in Western New York. Our efforts to lower costs for businesses, from income tax cuts to workers' comp reform, are starting to make a difference. The company's decision to stay and expand in Western New York and not move to Tennessee is further proof that New York's business climate is moving in the right direction."
For more information about Aakron Rule, visit http://www.aakronrule.com