April 30, 2015
HORNELL, NY – Hornell Industrial Development Agency Director Jim Griffin announced on Thursday, that the Hornell area will be pursuing funding for a Center of Excellence for High Speed Transit.
The purpose would be to attract additional companies, training for advanced manufacturing, and a whole series of projects that would make the area more appealing to high speed transit.
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In other news, Jim Griffin said he met with Alstom officials recently and agreed to bring a resolution to the board to continue the rent reduction program while Alstom rebuilds it contract base. The IDA board unanimously agreed to grant Alstom another 6 months at a reduced rate of $175,000. Griffin also mentioned that the board will be considering redoing the entire lease for Alstom in the near future.