OGDENSBURG –DeFelsko Corporation plans an expansion that will create 50 manufacturing jobs and provide a projected $13 million in public benefits.
The Ogdensburg Bridge & Port Authority approved the three-part transaction at a meeting of the board of directors and the OBPA on Friday.
“This acquisition will allow DeFelsko to expand to meet the demands of its growing business,” said David Beamish, president of DeFelsko.
The transaction will cost the authority $200,000 in the current fiscal year, the resulting public benefits are estimated by OBPA to be $13 million over ten years. This includes $11.5 million in new manufacturing jobs, $1.3 million in new tax revenue for the city and county school system, retention of $170,000 in bridge traffic, and an avoidance of $44,000 in utility costs.
“In the past few years DeFelsko has expanded its product range and introduced successful new technologies which have increased the production requirements of the existing facility,” said Beamish.
For their expanded facility, DeFelsko has bought a building at 800 Proctor Ave., adjacent to its current location at 802 Proctor Ave. in the OBPA industrial park.
DeFelsko, founded in 1966, is a leading manufacturer of measurement instruments for many industries including manufacturing, marine, aerospace and petrochemical.