Magnatag will expand its manufacturing operations, using assistance from Empire State Development and the Wayne County Industrial Development Agency, to add machinery and other equipment at its facility in the town of Macedon.
Makers of custom white and magnetic boards, Magnatag has been in business for 54 years. The expansion will create up to 16 new jobs and 42 jobs will be retained, according to Empire State Development, which is providing up to $200,000 through the Excelsior Jobs Tax Credit Program.
“This expansion will dramatically improve the quality of our product, opening doors to new markets while providing greater value to our current customers,” CEO Christian Krapf said in a news release. “We are very grateful that New York state was willing to help us grow and keep our business here in the Finger Lakes region.”
Magnatag makes more than 2,300 ready-to-use white and magnetic board kits and other related products for all-purpose job and task-specific uses. Global clients include factories, hospitals, schools, corporate offices and the military.
The first stage of expansion, with a cost of $601,000, is underway and more is planned over the next three to four years.
“New York is committed to supporting the growth and success of innovative, high-tech manufacturers,” said Kevin Younis, Empire State Development chief operating officer and executive deputy commissioner. “The expansion of Magnatag’s Wayne County operations will allow this family-owned business to service more global clients, while creating top quality jobs that will help to fuel the Finger Lakes regional economy.”
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