A proposed meat processing plant in Ticonderoga has received a major boost. Adirondack Meat Co. has received a $900,000 loan guarantee from the U.S. Department of Agriculture. The money will help construct and equip a $1.4 million plant planned for the Ti industrial park.
continued “This injection of federal dollars will allow the construction of a local meat processing plant in Ticonderoga that will not only keep Adirondack meat truly local, but create jobs in the community,” Schumer said. “This USDA Rural Development investment is a pivotal for farmers and the local economy in Essex County.”
A company has up to 30 years to repay the federal loan on real estate. The length to repay loans for machinery and equipment cannot exceed the useful life of the machinery and equipment or 15 years, whichever is less, according to Schumer’s office.
Funding for the loan is part of the agriculture department’s annual budget.
“The announcement is a tremendous step forward for this local business and for the farmers who will utilize the facility,” said Rep. Bill Owens. “By helping farmers move their products to market, we can give them more opportunities to expand in New York, and this new operation aims to do exactly that.”
Adirondack Meat Co. will be the first U.S. Department of Agriculture-certified meat-processing facility inside the Adirondack Park.
Ward praised local, state and federal agencies for their assistance in the project.
“Everyone of these agencies have streamlined their process to assist us,” Ward said. “They’ve held us to all the necessary requirements, but have been very responsive. I’ve been very pleased.”
The APA permit will allow the facility to operate Monday through Friday, 5 a.m. to 5 p.m. and to process a maximum of 10 animals a day.
“This new industrial use addresses the serious need for a meat-processing facility inside the Adirondack Park,” Park Agency Chairwoman Leilani Ulrich said in a news release.
“Presently, a lack of this type of facility in proximity to North Country farms and the limited capacity of regional processing facilities has prevented industry growth,” Ulrich said. “The development of this meat-processing facility will support the expansion of the cattle-production industry and local direct-market farming.”