Monday, January 14, 2019

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Orange County IDA Accelerator program expands

NEW WINDSOR – The successful business incubator program operated by the Orange County Industrial Development Agency has its sights on another facility, this one in Warwick. The new CBD Accelerator is currently dicussing partnerships with appropriate medical facilities to serve as a center of excellence.

“We’ve also identified several farms and companies operating in the county and surrounding areas that will be joining this cluster,” said IDA Managing Director Vincent Cozzolino. “From a project sector point of view, there’s approximately $2 million being invested. From a Warwick/New York State point of view, there’s another $2.5 million being invested. So, we’re expecting big things to come; we’re way ahead of the curve here.”

The Accelerator program currently has two facilities at its New Windsor facility adjacent to New York Stewart International Airport concentrating on manufacturing products.

A second center opened at the Horton campus, co-located with Touro College in Middletown and includes a medical device and software pod and will be installing a pharmaceutical-grade clean room that will help the companies in the business of using cannabidiols and other products.

The newest business incubator is in a City of Newburgh operating as a clothing manufacturer.

 


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