Fulton Receives New York State Workforce and Economic Growth Grant

Pulaski, NY — Fulton Companies (www.fulton.com), the global manufacturer of steam, hydronic and thermal fluid heat transfer products and provider of innovative energy management solutions, has been identified as the recipient of $349,000 in New York State’s strategic plans to stimulate the economy and spur job growth.

New York Governor Andrew Cuomo held a competitive funding round for Regional Economic Development Councils (REDC) across the Empire State. The Fulton award was one of several announced in the state’s funding initiatives.

The Fulton award will fund projects that are tied to growing the workforce in Pulaski, N.Y., a geographic region with a chronically high unemployment rate. In contrast to the troubled economy of the region, Fulton has expanded in recent years and has its highest employment level since it opened its doors in 1949 – 260 staff members. Fulton’s five-year plan is to add approximately 50 new jobs in Pulaski, according to Fulton CFO Kevin LaMontagne.

Globally, the company has about 850 employees.

Projects to support job growth include expansion of product lines, creating lower emissions products, and a wider range of large boiler manufacturing. Opportunities are anticipated for engineers, drafting professionals, programmers, and production professionals.

“Fulton is highly dedicated to this region of New York,” LaMontagne said, “Our commitment to superior customer service, quality on-site product construction, and globalization of sales have resulted in a continued strong presence, despite other manufacturers in the state experiencing slow recovery from economic downturn.”

Fulton’s headquarters are located in Oswego County N.Y., a county identified by state statistics as having the second highest unemployment rate of all New York’s 62 counties. Fulton has recently concluded an unusual accomplishment for any New York State manufacturing firm today – a major facility expansion project (118,000 square feet) to accommodate increasing product demand and development.

Another round of New York State competitive funding is anticipated in 2012.

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