Cold Point facility in Rome continues city s revitalization through Brownfield grants
Gov. Andrew Cuomo recently announced the completion of Cold Point Corporation’s new 50,000-square-foot, $5.1 million manufacturing facility in Rome at one of two sites at the former Rome Cable Corporation complex – the latest example of the city utilizing Brownfield grants to help rehabilitate properties and return them to the tax rolls.
Cold Point specializes in the design and manufacturing of water-sourced heat pumps, packaged terminal air conditioners, condensing units and other similar products, according to Cuomo’s announcement.
The new facility marks a milestone for the project, which is a signature part of Rome’s Downtown Revitalization Initiative and a strategic site identified in the Erie Boulevard Brownfield Opportunity Area.
How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Critics of a strong currency say it hurts American factory workers by making imports cheap.
Revere Copper Products in Rome, N.Y., once had two plants and nearly 600 workers. Today the company employs about 300 and operates only one plant.Credit.Joshua Rashaad McFadden for The New York Times
March 1, 2021
President Biden has made reviving American manufacturing a top priority. To deliver, he may first have to deal with something even more fundamental to the U.S. economy: the strength of the dollar.
Because a strong dollar lowers the price of imports and raises the price of exports, it gives foreign companies an advantage over American competitors and can drag down U.S. employment.