Small businesses interested in locating in Rotterdam will have a new place of refuge thanks to $3 million in renovations to Building 3 in the Corporate Park.
The Galesi Group unveiled a new small business hub Tuesday, Aug. 19, at the Corporate Park, where flexible space can be rented for use by small to mid-size companies.
"This project will help position Schenectady County to become the location of choice for fast-growing small businesses," said David Buicko, chief operating officer of the Galesi Group. "Now that Building 3 is completely renovated, we will have a very attractive option for post-incubator stage companies."
He said space for small business is an "underserved" area of the local real-estate market.
The new 270,000-square-foot facility is subdivided into 11,000-square-foot sections to serve up to 24 companies' specific space needs. Spaces could include a "store-front" entrance for office or showroom space; or a back entrance, which could be accessed by a dock or overhead door for manufacturing, assembly or warehouse operations.
Renovations to the building include a new faCade and roof, in addition to rebuilt docks. New roads and parking areas were constructed.
"This was something we were happy to approve," said Angelo Santabarbara, chairman of the Rotterdam Industrial Development Agency.
He said the IDA provided sales tax exemption to the Galesi Group.
"It's a good use for the building," Santabarbara said.
Officials said they hope the hub, which was a joint effort between Empire State Development, National Grid, Schenectady County, Metroplex and the Town of Rotterdam, will bring new jobs to the region.
"Good-paying manufacturing, distribution and vocational jobs will be available here in our community as a direct result of the investment the Galesi Group has made," Rotterdam Supervisor Steven Tommasone said. "Restoring and enhancing this building is another achievement of successful public-private partnerships, leveraging the resources necessary to create good jobs for the working families of Rotterdam and Schenectady County."