Upstate Strategic Advisors client Shatkin F.I.R.S.T. to receive support from New York State to produce N95 respirators to help combat the COVID-19 pandemic.

$6.9 Million in Incentives Awarded to Manufacturers Across the State Will Provide State and Local Governments and In-State Entities Faster and More Secure Access to Life-Saving Medical Products

For Immediate Release: 7/30/2020

GOVERNOR CUOMO ANNOUNCES 12 NEW YORK COMPANIES TO START PRODUCING COVID-19 RELATED EQUIPMENT AND SUPPLIES TO SUPPORT IN-STATE NEEDS

Governor Andrew M. Cuomo today announced 12 New York companies have received support from the State to produce needed supplies to help combat the COVID-19 pandemic. While the State currently has some of the lowest transmission rates in the United States, preparing for a possible “second wave” is vital to protecting essential healthcare workers and the public. These grant funds will help alleviate product shortages due to supply chain issues that could lead to unfair pricing practices. These companies will also increase the State’s manufacturing capacity while creating new jobs and market opportunities. To date, more than $11 million in grants have been awarded to 20 qualifying New York-based companies to retool their business lines and pivot to manufacturing vital supplies for ongoing response and recovery efforts.

“During the pandemic, the nation has learned a hard lesson about not having a supply chain for vital supplies based here at home in the U.S. and as a result we had to scour the globe for live-saving products that are mainly manufactured overseas,” Governor Cuomo said. “That won’t happen again in New York – we are building the infrastructure needed for the future and by supporting local companies’ pivot to new areas of production, we will be in a better position to avoid supply and demand issues and secure the items we need both quickly and at reasonable prices.”

Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “Many of the world’s premier and most innovative companies are in New York State. ESD’s support for these businesses not only answers Governor Cuomo’s call for homegrown industries to assist with the state’s efforts to combat the coronavirus but reflects the investment that is being made to strengthen New York’s manufacturing sector, enhance a diverse, dynamic private sector partner that can adapt quickly to new market opportunities, and continue its record of smart growth as we reopen and grow statewide.” 

In March, Governor Cuomo asked companies with New York-based operations to retool production lines in order to manufacture approved COVID-19 critical supplies, such as ventilators, test kits and PPE, including N95 respirators, surgical masks, disposable surgical gloves, gowns, face shields, and biohazard bags. More recently, the Governor announced ESD had identified 20 companies for State investment to manufacture supplies to address COVID-19, eight of which were previously awarded $4 million to help make the products here in New York State. 

Additional information about the companies announced today:

Shatkin F.I.R.S.T, LLC, Western New York: $675,000 — A dental and medical supply company based out of Amherst, Erie County. With the assistance of Empire State Development, Shatkin F.I.R.S.T. purchased an N95 respirator-making machine to manufacture hundreds of thousands of N95 respirators for their customers in the health care industry. In total, Shatkin F.I.R.S.T. has invested more than $500,000 to date, hired at least 30 people, has manufactured more than 200,000 N95 respirators, and recently procured a second machine to be able to manufacture millions of N95 respirators.

View More: https://www.governor.ny.gov/news/governor-cuomo-announces-12-new-york-companies-start-producing-covid-19-related-equipment-and

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