While I am glad to see a potential new plant opening up, I am a bit confused by the various news articles, on just exactly this will be.
militarytimes.com said:
...The facility will be set up for new product development and manufacturing, but it reportedly contains spaces suitable for offices, an auditorium and classrooms that will be used for training and development purposes in ROC’s commercial, military and law enforcement businesses. The site requires significant build-outs, code upgrades and other preparatory work, so the company expects production at the site will not begin before 2015.
...
Sources say manufacturing operations in Ilion will not be affected by the expansion and there are no plans to move manufacturing from that site, where Remington has been building firearms for nearly 200 years
http://blogs.militarytimes.com/gear...-expansion-to-huntsville-alabama/?repeat=w3tc
Nothing mentioned about what will be made at the new facility in that article.
Syracuse.com said:
...However, State Assemblywoman Claudia Tenney, R-New Hartford, said she doesn't think Remington is going anywhere, according to The Utica Observer Dispatch. Tenney contacted Remington officials Tuesday after hearing about the report.
"They said this happens all the time and they're committed to Ilion," Tenney said. "I'm in business myself. I know they're a big company, and they're always looking for buying other facilities."
http://www.syracuse.com/news/index....gton_arms_scouting_new_locations_in_tenn.html
Ok, the Assemblywoman says that Remington is committed Illion, and that they add (or are looking to add) large factories all the time. Hmmm.................
That's a minor touch in conflict with the yellow hammer news article below.
yellowhammernews.com said:
...The company is viewing the move into Alabama as an expansion, but it will likely impact their Ilion, NY plant as well. The New York facility currently employees around 1,200 people. It is expected to stay open, but with a reduced workforce...
http://yellowhammernews.com/nationalpolitics/remington-arms-moving-1200-jobs-ny-alabama/
Its important to note that the title to the yellow hammer news article above stated, "Remington Arms moving 2,000+ jobs from NY to Alabama"
blog.al.com said:
Remington's website says the company employs more than 4,200 people at facilities in 14 different states. It's largest and oldest factory, located in Ilion, N.Y., has more than 1 million square feet of production space. Remington has another firearms plant in Mayfield, Ky., and makes ammunition at a large factory in Lonoke, Ark
http://blog.al.com/breaking/2014/02/report_firearms_manufacturer_r.html
So, after some searching, no hint of what will be made there, and honestly, even though Remington Outdoor Company owns the Remington brand, it has other brands as well.
Again, I am glad they are making the investment in another facility, but I doubt anyone but the head staff at Remington really know what the future plans are for this facility and others.
Also what I find interesting...The yellow hammer news article list Illion as having 1200 workers. It also mentions that the new facility will have 2000+ workers. Blog.Al.com list Remington has having 4200 workers total in 14 states. So the 2000 of 4200 is a touch less than 50% but its a round number for my simple mind. A 50% increase in workers for one large company though...That is a big jump.
But getting in to the taxes and incentives...Just to put some rough numbers from another article...
blog.al.com said:
The breakdown:
•Property taxes -- $9.5 million
•Sales taxes -- $24.4 million
•Income taxes -- $11.7 million
•Other taxes -- $5.2 million
...
Local and state incentives to attract the oldest arms manufacturer in the United States is $68.9 million, and $14.5 million will come from local sources. Madison County is tasked with providing $2 million of the incentives immediately and $1 million in 2015. The commission has not approved the incentive allocation but will have a chance to do so at its next meeting on Feb. 26.
http://blog.al.com/breaking/2014/02/87_million_in_taxes_guaranteed.html#incart_flyout_business
I confess, after looking at the various articles since they started coming out last week, the only thing that's to be known is they are getting a facility in Alabama, but no real idea on what its use will be in the end. Time will tell the tale over time though.