Equip Monroe program offers $5k rebate to small manufacturers
ROCHESTER, N.Y. (WROC) — Friday, Monroe County announced a new incentive program for small manufacturers, helping them to make large purchases.
It's called the Equip Monroe Program.
'Simply put, this initiative will strengthen our industrial base, support innovation, and make it more affordable for manufacturers to support in Monroe County,' Monroe County Executive Adam Bello said.
The program offers a one-tie rebate up to $5,000 for significant purchases.
The county said it is trying to incentivize businesses that make and retain jobs locally. So, payment for the rebate will be paid out one year later if the business provides proof or job retention — and there will be an additional bonus if at least one full-time job is created within that timeframe.
There's additional incentive if the equipment is purchased locally. Chad Carta is the President of XLI Manufacturing and said that every little bit helps.
'It's across the board where we need support,' Carta said. 'So, while it seems like $5,000 in the grand scheme of things is relatively small, it helps us, and myself from a business owner perspective — it does help us make these key decisions.
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