Plattsburgh U.S. Senator Kirsten Gillibrand, D-Brunswick, has thrown her support behind growing business and jobs in the North Country following remarks from a recent visit to the region.
Gillibrand toured Bombardier Transportation Aug. 12 where she discussed legislation she is supporting that, if passed in Washington, D.C., will help stimulate growth in the manufacturing industry.
The Made in America Block Grant Program, one of three programs Gillibrand is endorsing, would make as much as $60 million available in funding for the Manufacturing Extension Partnership, which “helps manufacturers access clean energy markets and transition to new, innovative, clean energy manufacturing technologies.”
“It’s a bill that would push about $125 million per year into investing into the Manufacturing Extension Partnership, which has been one of the most effective federal programs that we have,” said Gillibrand. “It’s something I think would make a huge difference.”
The senator also threw her support behind the Security in Energy and Manufacturing Act, a bill which would essentially extend a tax credit started during the American Recovery and Reinvestment Act of 2009. The credit, said Gillibrand, is worth 30 percent of investment in any advanced energy program.
“So, if this plant wanted to become more energy efficient, they would be eligible,” Gillibrand said, referring to Bombardier.
Gillibrand also voiced her support for the New Markets Tax Credit Extension Act, which provides a 39 percent tax credit for “community development entities to encourage private investment in local business. The bill would extend the tax credit for five years and provide $5 billion in annual allocations to help stimulate private investment and economic growth in any economically-challenged area.
“It will be particularly helpful to rural counties and rural areas,” said Gillibrand.
Gillibrand said she chose to tour Bombardier as it is one of the facilities that could benefit from the programs she supports. The senator also said she would like to see high-speed rail made a priority for infrastructure investments, which Bombardier would again benefit from.