Fulton Companies, Pulaski, NY-based global manufacturer of steam, hydronic and thermal fluid heat transfer products, announced a $221,000 capital investment incentive grant from National Grid for infrastructure improvements. The funds will support the company’s 112,000 sq.ft. expansion and $13.9 million capital investment plan.
The grant will offset costs associated with construction of a new 82,000 sq.ft. manufacturing floor, 10,000 sq.ft. research and development center, and 20,000 sq.ft. office space. The grant also supports Fulton’s $13.9 million capital investment in projects that include expansion of thermal fluid heating product lines, creating lower emissions products, and manufacturing a wider range of large boilers.
“We're grateful for National Grid’s support,” says Kevin LaMontagne, chief financial officer, The Fulton Companies. “Fulton is dedicated to Central New York. Our commitment to superior customer service, quality on-site product construction, and globalization of sales has resulted in our strong and continued presence in this region. The grant from National Grid allows us to begin to expand our facilities – this means more business, more customers, and more jobs. We plan to add approximately 50 new jobs in our Pulaski office over the next five years.”
“As longtime business partners, National Grid and Fulton have jointly identified job growth in Central New York as a critical issue to address,” says Melanie Littlejohn, National Grid regional executive of Central New York. “National Grid is pleased to provide these funds to help Fulton realize its growth, provide jobs, and sustain the economy. Not only will the community of Pulaski benefit, but so too will the entire region as National Grid continues to make investments in economic development programs to help attract more businesses, residents, and visitors to our area,” she says.