Cuomo announces NYS investing $7.75M into Corning Inc.

TOWN OF ERWIN, N.Y. (18 NEWS) - New York State is investing $7.75 million into Corning Incorporated's Valor Glass.

"I believe in Valor Glass because I believe in Corning, its philosophy, and I believe in you: the people who make Corning happen," New York Governor Andrew Cuomo said.

By teaming up with Merck and Pfizer, the company says the pharmaceutical glass packaging enhances storage and delivery and will provide more reliable access to medicines.

Corning's Big Flats plant, which has sat on County Route 64 since 1958, will be refurbished and is where the manufacturing will take place.

"Since Valor Glass was invented right here in the Southern Tier, it is only fitting that we locate our first significant manufacturing operation right here," Corning CEO Wendell Weeks said. 
 
It's expected to bring in over 185 jobs and support more than 380 jobs overall in the Southern Tier.

Governor Cuomo acknowledging the roughly 40 years of upstate's failing manufacturing economy.

"The predominance of the legislature is from downstate New York so they're downstate-focused, and upstate New York had to go through this economic transformation which is hard anyway, and they had nobody to help," Cuomo said. 
 
But, he added, one way Corning was able to avoid that was by investing in the community. 

Up until 2009, Corning's Life Sciences business was manufacturing glass products at the plant. In 2011, it was repurposed as the Innovation Support Center. 

Developing and manufacturing Valor Glass in the Southern Tier is part of Corning's plan, which it announced this summer, to invest $500 million and create 1,000 new jobs in the United States.

Overall, both the company and the state are proud of the partnership. 
    
"It's great when you can bring the government and industry together to solve tough problems to make the world a better place and create good, manufacturing jobs at the same time," Ron Verkleeren, general manager of Corning Pharmaceutical Technologies, said. 

Out of the $7.75 million, $6 million in capital grants has been awarded for manufacturing equipment and infrastructure improvements by Empire State Development through the Upstate Revitalization Initiative. The remaining $1.75 million is through the Excelsior Tax Credit Program for job creation commitment. The total cost of the project is $95.5 million.


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