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 Yonkers, NY - The Board of Yonkers Industrial Development Agency (IDA) unanimously passed a resolution finalizing an economic development package for Hudson Scenic Studio, an award-winning national production and scenic fabrication firm that has served Broadway and the professional entertainment industry for nearly three decades.
The approval is a critical step in helping Hudson Scenic, currently located at 130 Fernbrook Street in Yonkers, move forward with a major renovation of 78 Fernbrook to accommodate a new manufacturing and warehouse facility. The IDA vote followed a public hearing held June 11 that gave community members the opportunity to comment on the project and inducement proposal.
“With the country still in the grips of recession and with national unemployment at its highest rate in more than a quarter century, it is vital that Yonkers and the IDA use every tool at our disposal to build upon our success, sustain our growth, attract new business and support those that are already here,” said Mayor Philip Amicone, chairman of the Yonkers IDA. “We are proud to count Hudson Scenic Studio among the businesses that call Yonkers home. We look forward to working with them as this expansion gets underway and we are delighted that it will bring new jobs and increased tax revenue to our City.”
The $2,660,000 project will entail the renovation of an existing 50,000-square-foot structure commonly known as the former Tyco Building. The Hudson Scenic Studio project will create 25 new construction jobs and 15 new permanent positions while retaining 135 full time jobs. Inducements from the IDA for the project will include a bond issuance, a sales and use tax exemption for materials and equipment used in construction as well as a structured property tax agreement.
Ellen Lynch, president and CEO of the Yonkers IDA, added, “The IDA is delighted to be able to provide this economic development package to Hudson Scenic Studio. Helping existing Yonkers businesses grow is crucial to the health and prosperity of our City.”
Among the services offered by Hudson Scenic are carpentry and stagecraft; scenic and backdrop painting; custom lighting services; production design, planning and budgeting; set electronics; rigging system design and installation; automation and mechanization; among dozens of other expert services.
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