April 1, 2014
In an effort to assist Welded Tube of Canada Corp., a Concord, Ont.-based tubular products manufacturer, in moving forward with construction of a new steel pipe manufacturing plant in Lackawanna, N.Y., National Grid has provided the company with its first installment of an economic development grant that could reach $500,000.
Welded Tube USA Inc., which has completed a 110,000-sq.-ft. manufacturing plant as phase one of its construction plans, has received $250,000 from the grant award. Completion of additional phases will make the company eligible for the balance of the grant. The company estimates it will have about 121 employees when the project is completed.
National Grid, Buffalo, N.Y., is an electricity and gas company that connects consumers to energy sources through its networks. The grant comes from its capital investment incentive program, which provides funding to support qualifying business expansion projects located in its upstate New York service territory.