Griffiss Local Development Corporation

THIS EDA INVESTMENT SUPPORTS THE DECOMMISSIONING OF CENTRALIZED STEAM HEATING EQUIPMENT AND THE INSTALLATION OF NATURAL GAS FIRED BOILERS IN SEVEN COMMERCIAL OFFICE BUILDINGS AT THE GRIFFISS BUSINESS AND TECHNOLOGY PARK IN ROME, NEW YORK. THE PROJECT WILL HELP ADDRESSES THE PRESSING NEED TO REPLACE THE EXISTING CENTRAL STEAM SYSTEM, WHICH IS A LEGACY AIR FORCE INSTALLATION THAT HAS FAR EXCEEDED ITS USEFUL LIFE AND IS INCREASINGLY MORE EXPENSIVE TO MAINTAIN, THREATENING THE LONG-TERM VIABILITY OF AFFORDABLE LEASE TERMS TO MEET THE DEMANDS OF THE BUSINESSES IN THE AREA. THIS UPGRADE WILL PROVIDE ADDED VALUE AND SERVICE TO EXISTING OFFICE TENANTS AND HELP GRIFFISS LOCAL DEVELOPMENT CORPORATION MARKET THIS SPACE TO NEW OR GROWING COMPANIES, CREATING ADDITIONAL JOBS AND ECONOMIC ACTIVITY AT THE PARK. ONCE COMPLETED, THE PROJECT WILL CONTRIBUTE TO THE ECOSYSTEM OF INNOVATION, WHICH WILL HELP BOOST EMERGING BUSINESS OPPORTUNITIES IN THE AREA TO ADVANCE ECONOMIC RESILIENCY AND FURTHER ECONOMIC DIVERSIFICATION THROUGHOUT THE REGION.