icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

Micro Bird's Expansion: A Boost for New York's Manufacturing Sector

Eli GrantWednesday, Nov 27, 2024 12:55 pm ET
4min read
Micro Bird, a joint venture between Blue Bird Corporation and Girardin, is set to establish a new manufacturing facility in Plattsburgh, New York State. This expansion promises a significant boost to the region's manufacturing sector and the creation of hundreds of jobs. Here's a closer look at the implications of this strategic move.

Micro Bird's investment of $38 million in capital expenses and training will create over 350 full-time jobs over the next five years. The company plans to produce both electric and non-electric small and mid-sized buses, contributing to New York State's commitment to growing manufacturing and supporting the transportation and green economy sectors. Empire State Development has agreed to support this project with up to $9.825 million in performance-based Excelsior Jobs Program tax credits and a $2.5 million capital grant, recommended by the North Country Regional Economic Development Council.

The acquisition of the Nova Bus facility on Banker Road provides an opportunity for over 300 Nova Bus employees to transition to similar employment positions at Micro Bird. This collaboration ensures a seamless transition, preserving the skilled workforce and enabling Micro Bird to hit the ground running. The company aims to begin production in summer 2025.

Micro Bird's expansion aligns with Governor Kathy Hochul's commitment to nurturing New York's manufacturing sector. The North Country region, home to vital transportation equipment and aerospace companies, is well-positioned to benefit from this investment. The robust clean transportation manufacturing sector, which includes Beta, Alstom, and Norsk Titanium, will be further strengthened by Micro Bird's arrival.

The establishment of Micro Bird's manufacturing facility in Plattsburgh is a testament to New York State's thriving transportation cluster and the availability of highly qualified talent. With the strong support of Governor Hochul, Senator Schumer, Clinton County, and the Town of Plattsburgh, Micro Bird looks forward to a successful and sustainable future in producing high-quality buses for its US customers.
BTBT, SERV, LAES, ASPI, RGTI...Market Cap, Turnover Rate...

The Micro Bird joint venture is poised to have a significant impact on the Plattsburgh community and the broader North Country region. By investing in capital expenditure and training, the company is creating high-quality job opportunities and fostering a culture of excellence in manufacturing. As Micro Bird works closely with Nova Bus to ensure a smooth transition, the region can look forward to a prosperous future in the bus manufacturing industry.
Comments

Add a public comment...
Post
User avatar and name identifying the post author
Qwazarius
11/27
$NVAX A major health policy shift is imminent with the new administration set to take over, and while it's uncertain how it will affect Nova, for those following the New Three Musketeers (FDA, CDC, NIH leads') interviews/articles & publications on the Gene Therapy technology platform, it doesn't seem to bode well. The policy on funding new platforms, heavily reliant on revenues from those resources directly or indirectly, will likely prove challenging. We have approvals for 2024-25 seasons and a series of milestone events through partnerships to fund R&D and SG&A, but it's best to leave the commercial/regulatory challenges to Sanofi. Happy Thanksgiving to all Longs, including Nova's Coconut teams.
0
Reply
User avatar and name identifying the post author
raool309
11/27
Green buses, green bucks, 🚀🌿
0
Reply
User avatar and name identifying the post author
greyenlightenment
11/27
Plattsburgh's transportation cluster is about to get a major boost. More players, more innovation, more opportunities.
0
Reply
User avatar and name identifying the post author
destroyman26
11/27
Norsk Titanium and Alstom already there? This region's got the chops for heavy-duty manufacturing. Micro Bird fits right in.
0
Reply
User avatar and name identifying the post author
AGailJones
11/27
Clinton County and Town of Plattsburgh backing Micro Bird? That's local love. Partnership makes success more likely.
0
Reply
User avatar and name identifying the post author
Arturs727
11/27
Plattsburgh's gain, jobs galore, bullish on $BLUE
0
Reply
User avatar and name identifying the post author
Regime_Change
11/27
$38M investment in NY sounds like a solid bet. Could this be the next big play in the clean energy sector?
0
Reply
User avatar and name identifying the post author
Sjgreen
11/27
350 jobs in 5 years? That's a solid ROI for the region. Not just numbers, real people's lives changing.
0
Reply
User avatar and name identifying the post author
sobfreak
11/27
Electric buses are the future, and $TSLA is already leading the charge. Micro Bird's move could be a game-changer for green transportation.
0
Reply
User avatar and name identifying the post author
CertifiedWwDuby
11/27
Holding $BLUE long-term, electric future looks bright
0
Reply
User avatar and name identifying the post author
TY5ieZZCfRQJjAs
11/27
Holding some $TSLA and $AAPL, but watching Micro Bird's move. Diversification is key, folks. Don't sleep on this one.
0
Reply
User avatar and name identifying the post author
destroyman26
11/27
$38M investment? That's some serious green for the North Country. More jobs, more buses, more growth. 🚀
0
Reply
User avatar and name identifying the post author
bllshrfv
11/27
Summer 2025 production start? That's a timeline to watch. Could be a game-changer for the local economy.
0
Reply
User avatar and name identifying the post author
Liteboyy
11/27
Gov. Hochul's got a winner with Micro Bird. Clean energy buses and jobs? That's a combo we can all get behind.
0
Reply
User avatar and name identifying the post author
BloodForThCursedIdol
11/27
$9.825M tax credits, smart move by NY state
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App