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2 LI firms get NYS funding to make supplies to fight COVID – Long Island Business News

by All News Admin
April 25, 2021
in Finance
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Two Lengthy Island corporations are receiving New York State funding in order that they’ll produce provides to struggle the COVID-19 pandemic.

These corporations are among the many six that acquired almost $2.3 million to provide on an accelerated degree life-saving medical merchandise, officers mentioned.

With this dedication from the state, the businesses will rent further staff, in line with the state.

“Ensuring we’re investing in New York corporations that manufacture wanted provides is essential to keep away from supply-chain delays and counting on different states and international locations throughout occasions of want,” Gov. Andrew Cuomo mentioned in a press release. “Not solely do these investments help our wants as we attempt to succeed in the sunshine on the finish of the COVID tunnel, however in addition they assist guarantee our future preparedness, whereas strengthening our financial system.”

In Hauppauge, A&Z Pharmaceutical acquired $700,000 to fabricate respirators. Based in 1995, the corporate develops, manufactures and packages nutritional vitamins, sports activities dietary supplements and pharmaceutical merchandise. The corporate efficiently utilized for a COVID-19 grant to retool a few of its operations to start manufacturing N95 respirators, which can assist contribute to save lots of lives in New York State and throughout the nation. This grant will complement the funding made by A&Z. which plans to create 10 new manufacturing jobs.

Banyan USA, with a Hauppauge location, acquired $400,000 to provide masks. The corporate started producing basic use face masks in 2020 in response to the COVID-19 disaster. So as to increase their manufacturing and start producing ASTM degree 1,2, and three medical use masks they’re investing greater than $1 million in new equipment and gear, uncooked supplies, and job coaching. A $400,000 grant will help with this venture, permitting Banyan to provide as much as 750,000 masks every week and rent 16 new staff.

The state to date has awarded almost $22 million in grants to 39 qualifying New York-based corporations to retool their enterprise traces and pivot to manufacturing very important provides for ongoing response and restoration efforts.





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