Niagara Gazette — Taylor Devices officially launched it multimillion dollar manufacturing facilities on Thursday inside the Buffalo Bolt Business Park.
The move will allow the company, located on Tonawanda Island for years, to double the size of its manufacturing capabilities with 55,000 square feet of additional space at the new site.
Taylor Devices has seen huge growth in recent years in the sale of earthquake and shock absorption equipment, with a string of large-scale natural disasters in Asia spurring demand for the equipment. The company has also produced military equipment for decades.
Most of its products will be manufactured in three buildings that were purchased in 2011 from private owners, along with several acres of land.
Taylor spent $3.3 million to refurbish the structures, with links back to the days of Roblin Steel and Buffalo Bolt. The buildings were initially not considered a part of Buffalo Bolt but were incorporated into it over the last two years.
While Taylor did not receive governmental assistant in reviving the structures, the Niagara County Industrial Development Agency did approve a 15-year payment-in-lieu-of-taxes agreement.
Shipping, research and administration will remain in its Tonawanda Island facility.
Doug Taylor, company president, said the expansion will help fill a $16 million backlog and reinforce potential growth. The company has added 10 jobs since moving into the facility and now employees 110 people in total.
Chamber hosting economic lecture
Presenting “Economic Vision 2014 and Beyond: Creating a Vibrant Future,” a lecture featuring Gary Keith, vice president and regional economist for M&T Bank, will be presented by the Niagara USA Chamber at 8 a.m., Thursday at the Conference and Event Center Niagara Falls, 101 Falls St.
Topics covered will include Niagara County’s regional economic performance, economic advantages and challenges to future growth. Keith will discuss local and national economic trends.
The event, which is sponsored by National Grid, Sevenson Environmental Services, Greater Niagara Newspapers and the New York Power Authority, will include breakfast and is open to the public at $30 per person or $25 for Niagara USA Chamber members.