Rome Sentinel 7/21/11: Rome? Georgia? China?Indium Corp. is looking to expand its space of operations by moving into an additional building at 6149 Sutliff Road in Oriskany, company officials said Friday. . . .
The 64,000-square-foot building Indium Corp. is looking to purchase has an assessed value of $773,000 . .
Indium Corp. wants to open a manufacturing plant in the West Rome Industrial Park and create 30 jobs over time, but the plan comes with some conditions. Before Indium buys and renovates the former ConMed building at 5836 Success Drive, it wants incentives from the county Industrial Development Agency and the state. While Kevin Martin, outside counsel for Indium, says Rome is the preferred location, he notes the company also is considering sites in Fulton County in Georgia, and China. . . .
Rome Sentinel 4/20/12: $1M in grants and credits for Indium Rome expansionIndium has its global headquarters in Clinton and a facility in Utica. It has 302 direct employees in Oneida County, plus contract workers that bring the total number to around 400, said Martin. The addition of a Rome plant would not affect employment at the other two locations in the county.
The company has already bought the former ConMed building at 5836 Success Drive and begun renovations. The new location will create up to 24 new full-time jobs. Indium currently has about 320 employees at its Clinton and Utica facilities.Empire State Development Corp., New York’s economic development agency, is providing the company with a $347,939 grant to help offset the cost of the purchase of new machinery and equipment, as well as $652,061 in Excelsior Jobs Program tax benefits over five years.
The project, estimated at $10 million, includes the relocation and expansion of some operations from Indium’s Lincoln Avenue location in Utica, including existing machinery and equipment. . . .
So plans have changed from "not affect"ing employment at the company's other two locations (July 2011) to relocating operations from Lincoln Ave to a location almost 21 miles away on the FAR side of Rome in April, 2012. Pretty sad for a company founded in Utica in 1934. Indium can certainly do what it wants, and should do what it needs to survive and thrive, BUT116,124 square feet . . .
Why should taxpayers participate in this? And where the heck were Utica officials all this time?
The answer to the last question may be that Utica officials and residents were already tapped out by this corporate pan-handler . . .
OD Editorial 10/09/2007: Indium deal lacking job information.
In its deal between the city of Utica and Indium Corp. that could be worth nearly $1.2 million, it’s not clear to the public whether Indium will be living up to its part of the bargain because it’s not fully forthcoming on job totals and job goals. By refusing to disclose that information, the company fails to provide specifics the public has a right to know as a partner in the deal. That deal was announced last week following preliminary approval by the Utica Industrial Development Corp. of a payment in lieu of taxes (PILOT) program and mortgage recording tax and sales tax exemptions that could total $545,000 over the next decade. That would be in addition to a $600,000 loan, approved by Utica’s Department of Urban and Economic Development in July. . . .
The $600,000 “loan” won’t have to be repaid if the company maintains 120 jobs at two Utica sites for five years.2007 to 2012 is -- 5 years! Yup -- time to move on to the next community teat to milk.
Enough is enough. Handouts are wasted money. They do not fix the problem.