August 2012 - Empire State Development - New York State

FOR CONSIDERATION
August 16, 2012
TO:
FROM:
SUBJECT:
REQUEST FOR:
The Directors
Kenneth Adams
Long Island City (New York City Region – Queens County) – MechoShade
Systems Capital – Empire State Economic Development Fund – General
Development Financing (Capital Grant)
Findings and Determinations Pursuant to Sections 16-m and 10 (g) of
the Act; Authorization to Adopt the Proposed General Project Plan;
Authorization to Make a Grant and to Take Related Actions
General Project Plan
I. Project Summary
Grantee:
ESD* Investment:
MechoShade Systems, Inc. (the “Company”)
A grant of up to $600,000 to be used for a portion of the cost of facility
renovation and acquisition of new machinery and equipment.
* The New York State Urban Development Corporation doing business as
Empire State Development (“ESD” or the “Corporation”)
Project Location:
Proposed Project:
Project Type:
Regional Council:
42-03 35 th Street, Long Island City, Queens County
The project involves the renovation of a 46,000 square-foot
manufacturing building into the Company’s corporate offices.
Capital improvements involving job retention and creation.
The New York City Regional Council has been made aware of this item
and the project is consistent with the Regional Plan. The Incentive Offer
was accepted in July 2006 and revised on August 2009, predating the
Regional Council Initiative.