Fralo Plastech

New Markets Tax Credit Coalition

Syracuse,
NY
(2005)

Fralo Plastech

Business Development, Manufacturing, Plastics and Chemicals, Waste Management, Water Management

A new Salina, New York based firm (near Syracuse, NY) that used NMTC financing to purchase the world's largest plastic blow-molding machine that is being used to produce exceptionally strong, environmentally friendly wastewater and stormwater tanks, septic tanks and related products.

Investment

NMTC Amount: $6,000,000
Total Project Cost: $21,480,648

IMPACT

75 FTE jobs

CDEs

CEI Capital Management

Investor

Unknown

Project Description

Fralo Plastech Manufacturing LLC is a new Salina, New York-based firm (near Syracuse, NY) that used the critical funding to purchase the world’s largest plastic blow-molding machine that is being used to produce exceptionally strong, environmentally friendly wastewater and stormwater tanks, septic tanks and related products. FRALO’s plastic tank manufacturing operation has already had a significant positive economic development impact by creating 50 new well-paying, full-time jobs in the challenged greater Syracuse community.

MAP

Address: 1 GENERAL MOTORS DRIVE, Syracuse, NY 13206

Census Tract: 36067013701

PDF Profile

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