Governor Cuomo Announces Five New York Companies to Produce COVID-19 Related Equipment and Supplies to Support In-State Needs
Nearly $2 Million in Incentives Awarded to Manufacturers Across the State Will Provide Faster and More Secure Access to Life-Saving Medical Products and Create New Jobs
New York State Has Announced More Than $20 Million to 36 New York Companies to Manufacture Vital Supplies; Companies to Collectively Create/Retain 3,500 Jobs
New York (STL.News) Governor Andrew M. Cuomo today announced that four additional New York companies and one company that has previously received state support will be awarded nearly $2 million in state support to produce needed supplies to help combat the COVID-19 pandemic. These grant funds will help alleviate product shortages due to supply chain issues that could lead to unfair pricing practices. The companies will also increase the State’s manufacturing capacity while creating new jobs and market opportunities. To date, New York State has announced more than $20 million in grants to 36 qualifying New York-based companies to retool their business lines and pivot to manufacturing vital supplies for ongoing response and recovery efforts. These 36 companies will collectively create and retain over 3,500 jobs.
“The COVID-19 pandemic exposed serious issues in our nation’s medical supply chain, and we were forced to compete overseas and pay exorbitant prices for these life-saving products,” Governor Cuomo said.