Ogdensburg council unanimously approves Newell building sale

pOGDENSBURG — City Council unanimously approved the sale of the former Newell Manufacturing building to a Canadian electronics and technology company promising to hire more than 40 workers over the next three to five years./ppThe deal to bring Canexsys Networks, Inc., to Ogdensburg was brokered by city officials and members of the St. Lawrence County Industrial Development Agency./ppCanexsys specializes in the manufacture of electronic circuit boards, connectors, metal fabrication and injection mold plastic, according to officials involved with the deal./ppCanexsys will occupy the Newell property this spring. Ogdensburg City Council authorized sale of the property at their meeting Monday for $66,734. The property was acquired by the city in 2012 for non-payment of taxes./ppOfficials with the IDA say an affiliate of Canexsys will develop the property as part of the $3.7 million project to revitalize and reuse the former Newell Manufacturing building./ppThe company’s decision to locate its operation in Ogdensburg was a culmination of economic development efforts among the IDA, the city of Ogdensburg, National Grid, Empire State Development, the Development Authority of the North Country and the New York Power Authority, according to officials./ppThe IDA is working with its development partners to finalize a package of local and regional funding assistance to supplement over $2 million in equity and private financing that the company is bringing to the project, the IDA said in a press release. Empire State Development has offered the company up to $250,000 in performance-based Excelsior Jobs Program tax credits. The New York Power Authority is also working with the company for an allocation of low-cost power from the Preservation Power program. National Grid has also invited the company to apply for assistance through its economic development programs for the revitalization of the Newell property, officials said./ppCanexsys Networks, Inc. is a full service, vertically integrated electrical mechanical manufacturer. With over 20 years electronic assembly experience, Canexsys offers turn-key PCB Assembly, Plastic Injection Molding and light Metal Fabrication./ppCanexsys’ partner companies include engineering and design services, electronic assembly, component manufacturing and logistics, according to company officials./pp“Canexsys is very excited about our new facility in Ogdensburg and the possibilities with the new building,” Canexsys Vice President James McShane said. “The enthusiasm we experienced from the IDA and business community has been tremendous. We look forward to becoming a valuable member of the St. Lawrence County business community.”/ppSt. Lawrence County IDA Chief Executive Officer Patrick J. Kelly said he and other development officials are thrilled to welcome Canexsys to St. Lawrence County./pp“This project not only creates jobs with a high quality firm, it returns a vacant facility in the center of the community to productive use, building the tax base and furthering Ogdensburg as a cross-border business destination for Canadian companies,” Mr. Kelly said./ppOgdensburg City Manager Sarah Purdy echoed Mr. Kelly’s sentiments./pp“We look forward to assisting them in any way we can,” she said “The city is also very grateful to our partners in this endeavor: the St. Lawrence County Industrial Development Agency, Empire State Development Corporation, the Development Authority of the North Country, the New York Power Authority and National Grid. Bringing Canexsys to Ogdensburg would not be possible without their assistance.”/ppIn October of 2015, the Industrial Development Agency, along with the Ogdensburg Bridge and Port Authority, the American Chamber of Commerce in Canada, and Commercial Service of the United States Embassy in Ottawa hosted an “Expand to the United States” workshop at the Dobisky Visitors Center in Ogdensburg. Executives from Canexsys attended the event and have been working with IDA officials since that time, officials said./p

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