Metal Craft Spinning and Stamping to spend $1.3 million on Niagara Falls factory
Metal Craft Spinning and Stamping, Ltd. announced February 17 it would spend $1.3 million to set up a new manufacturing location in Niagara Falls, New York. According to Empire State Development, which facilitated the move, the new factory will create 17 manufacturing jobs and reduce Metal Craft’s exposure to U.S.-Canada tariffs on metal products used in roofing and HVAC systems.
The money will go towards expanding the company’s lone existing site in the United States, building a 24,760-square-foot industrial site at its existing office in Niagara Falls. According to Metal Craft, the expansion will improve lead times for its U.S. customers, ease the impact of tariffs on Metal Craft’s business, and create manufacturing jobs on both sides of the U.S.-Canada border. In a statement, Metal Craft President Brian Rasksen said the new expansion was an important development for the company for supporting local suppliers.
Empire State Development, in a release, said it would grant Metal Craft up to $134,000 in tax credits via its Excelsior Jobs Program based on jobs created at the site.
What people are saying
"Thanks to Governor Hochul and Empire State Development, we’ve created a welcoming environment for companies looking to expand operations, mitigate risk, and seize new opportunities-while also building on the region’s long-standing reputation as a hub for manufacturing,” said ESD President, CEO & Commissioner Hope Knight. “New York State welcomes Metal Craft and all Canadian companies as they navigate the critical challenges that have been created by tariff-related cost increases. We hope that they find new market opportunities, lower costs, and strengthened relationships with U.S. customers.”
“Metal Craft Spinning’s decision to establish a U.S. foothold in Buffalo Niagara is another strong signal of the region’s growing appeal to Canadian manufacturers looking to expand their reach and strengthen their supply chains,” said Matthew Hubacher, Senior Vice President at Invest Buffalo Niagara. “With a strategic location, developed industrial infrastructure, and an operating cost environment, Buffalo Niagara continues to offer the conditions companies need to scale efficiently and serve the U.S. market with confidence. We were pleased to support this project through coordination of state incentives and key regional introductions that help ensure a smooth landing and long-term success.”
“Any announcement of a new company that is bringing new jobs to Niagara Falls is cause for celebration and even more so when they are manufacturing jobs which tend to be family sustaining jobs and provide a tangible economic impact to our city and region,” said Niagara Falls Mayor Robert Restaino. “We appreciate the continued support from the Governor and Empire State Development and their investments in Niagara Falls and welcome Metal Craft Spinning and Stamping to our community. My door is open to assist the company in any way we can.”
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About the Author
Ryan Secard
Ryan Secard joined Endeavor B2B in 2020 as a news editor for IndustryWeek. He currently contributes to IW, American Machinist, Foundry Management & Technology, and Plant Services on breaking manufacturing news, new products, plant openings and closures, and labor issues in manufacturing.
