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Brokerage
Posted: October 27, 2008
DeMet's Candy to invest $13m 100,000 s/f facility
DeMet's Candy Co. broke ground on a candy processing plant in the Airport Corporate Park. The company is building a new home for its Turtles brand candy that the company acquired from Nestlés in July 2007. The 100,000 s/f manufacturing facility is being built on a 17-acre parcel in the park developed by the Chemung County IDA in 1996. DeMet's is investing $13 million in the facility and equipment. The company has committed to creating a minimum of 100 new manufacturing jobs, in return for considerable financial assistance secured by STEG, including a $500,000 grant from Empire State Development, a $732,000 grant secured through the NYS Office of Community Renewal to assist with machinery purchase, $250,000 grant secured by senator George Winner via the Community Capital Access Program, and a $45,000 grant was secured by assemblyman Tom O'Mara to help offset the costs of constructing a public road to the facility.
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