AirBoss to expand manufacturing capacity to Vermont

first_imgGovernor Douglas today congratulated AirBoss, a manufacturer of rubber protective gear, after they were authorized for over $243,000 in Vermont Employment Growth Incentives (VEGI).  AirBoss plans to locate a manufacturing facility in Milton, Vermont and create over 30 jobs over the next two years. In April, Governor Douglas and a team of local, state and federal economic development officials met with AirBoss executives to outline a package of supports and incentives.  In May, the company received Initial Approval of VEGI incentives. The state also committed employee training funds through the Vermont Training Program and help from the Procurement Technical Assistance Center.  And at its recent meeting, the Vermont Economic Progress Council gave final approval to a VEGI application from AirBoss Defense for incentives totaling up to $243,279. “I am pleased to welcome AirBoss to Vermont,” Governor Douglas said.  “While there is a lot more work to do to help our state rebound from this recession, this announcement is a small step in the right direction.”AirBoss-Defense is a world leader in the design, manufacture and sale of Chemical, Biological, Radiological, and Nuclear (CBRN) protective wear, including gloves, footwear and respiratory protection (gas masks). The company had considered several locations for their capacity expansion, including a facility in North Carolina.AirBoss made the decision to locate in Vermont and will open a 20,000 square foot facility, reutilizing a building in the Catamount Industrial Park. The company will invest close to $2 million in equipment and renovations and expects to start preliminary packing and shipping from the facility late this year. By early 2010, AirBoss intends to have four injection presses manufacturing CBRN gloves, creating between 20-30 jobs by 2011. “I am very pleased that AirBoss chose Vermont over other options,” the Governor said. “Programs like VEGI and the Vermont Training Program certainly make us more competitive and can mean the difference between an employer creating jobs in Vermont or elsewhere.”Under reforms proposed by Governor Jim Douglas in 2006 and passed by the General Assembly, the VEGI economic incentives are authorized based on potential job creation and capital investments that must occur before the company earns the incentives and then the company receives incentive installments over a period of years. Companies are eligible to earn the job creation incentives only if they meet and maintain payroll, employment and capital investment targets each year.The Council approves applications after reviewing nine program guidelines and applying a rigorous cost-benefit analysis which show that because of the economic activity that will be generated by the projects, even after payment of the incentives the State will realize a minimum net increase in tax revenues.  The Council also determines that the projects would not occur or would occur in a significantly different and less desirable manner if not for the incentives being authorized.The Vermont Economic Progress Council is an independent board consisting of nine Vermont citizens appointed by the Governor that considers applications to the state’s economic incentive programs.  It is attached to the Vermont Agency of Commerce and Community Development, whose mission is to help Vermonters improve their quality of life and build strong communities.The company will partner with the Vermont Department of Labor to hold a job fair at their Burlington office on Tuesday, October 6, 9:30 a.m. to 3 p.m. and Wednesday, October 7, 9:30 a.m. to 2:00 p.m. For information on the job fair, contact Melanie Langevin, Vermont Department of Labor Burlington Office: sends e-mail) or (802)524-7932, or Mrs. Barbara Lee, Human Resources Manager, AirBoss Defense, sends e-mail). is external)Source: Governor’s office. 9.25.2009 ###last_img

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