ROME, N.Y. — Cold Point Corporation recently formally opened its new 50,000-square-foot, $5.1 million manufacturing facility on a former brownfield site in Rome.
Company executives, elected officials, and others cut the ribbon in a ceremony held July 29 at the plant, located at 510 Henry St. in Rome.
The facility’s construction was handled by C2C Construction Solutions, LLC, of Utica, and completed a few months earlier.
Cold Point specializes in the design and manufacture of water-source heat pumps, packaged terminal air conditioners, condensing units, as well as packaged heat pumps and air conditioners for direct replacement, renovation, and new-construction applications.
The completion of the Cold Point facility marks a milestone for this signature project from Rome’s Downtown Revitalization Initiative (DRI) plan and a strategic site identified in the Erie Boulevard Brownfield Opportunity Area, according to a Mohawk Valley EDGE news release.
Cold Point, which is owned by Maryland–based Whalen Company, was awarded a $900,000 grant through Rome’s $10 million DRI plan and $300,000 in Excelsior Jobs tax credits from Empire State Development (ESD) for a commitment to retain 37 employees and create 24 new jobs, according to a previous New York State news release.
The project is helping to attract talent to downtown Rome by establishing an advanced-manufacturing facility with more than 50 employees within a five-minute walk to the downtown core, Mohawk Valley EDGE and the city of Rome say. The new facility, together with other DRI funded projects “such as a distinctive downtown branding and wayfinding programs and dynamic new civic spaces, will transform Downtown Rome into a destination for a diverse range of small business, entertainment, and restaurant uses,” they say.