WATERTOWN — A Georgia company has received a $1.5 million boost from the state to help finance an egg hatchery in the agribusiness park on Route 3.
Jefferson County Agriculture Coordinator Jay M. Matteson got word on Monday that Empire State Development is kicking in a $1 million grant and a $500,000 Excelsior Job Program grant to help finance the project.
The Georgia company building the 50,000-square-foot egg hatchery, CWT Farms International, is expected to make an official announcement next Monday that it’s proceeding with the $15 million to $16 million project now that financing is in place, Mr. Matteson said.
Jeffrey Pierce, CWT’s vice president of marketing and strategic alliances, was out of the country on Monday and will make it official next week.
“He’s very happy, very appreciative about the funding,” Mr. Matteson said.
The company will proceed quickly with ground breaking and construction so it can take advantage of markets associated with the nation’s poultry shortage caused by the pandemic, he said.
“The timing is very ripe for the plant,” Mr. Matteson said.
He and Watertown developer Michael E. Lundy have been working with CWT on the project in the Thousand Islands International Agriculture and Business Park since last summer. Mr. Lundy owns the ag-business park.
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