Project Title: Newtex Industries Upgrade Project
Project Location: Town of Victor, Ontario County
Project Investment: $720,000
Jobs Created or Retained: 10 new jobs created
Competitive Locations: N/A
Project Description: In 2010, Newtex Industries announced that it’s investing $720,000 into an equipment upgrade project in support of the company’s new Z-FlexTM Aluminized product line. The upgrades, including new coating and cutting machines, will allow the heat- and fire-resistant performance textile manufacturer to expand production and perform new operations at its Victor facility in Ontario County. The project will create 10 new jobs over the next three years.
Project Need, Local: Ontario County EDC approved a $350,000 loan to Newtex for this project. In addition, PathStone approved a $200,000 loan to support the company’s project.
Project Need, State: Empire State Development provided $110,000 in funding to support Newtex’s upgrades.