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Homes and Community Renewal

New York State Homes and Community Renewal Announces $120,000 Award So Construction Supplier S.R. Sloan Can Expand, Add Jobs in Oneida County

August 29, 2016

New York State Homes and Community Renewal (HCR) today announced a major northeast producer of wood construction material and supplies will be able to expand its production facilities and add jobs at its home in Oneida County with the assistance of a $120,000 Community Development Block Grant – Economic Development Program award.

S.R. Sloan, located at 8111 Halsey Road in the Town of Whitestown, was founded in 1960. Family owned for three generations, S.R. Sloan is known locally and regionally and provides customized engineering solutions for almost any construction project ranging from commercial and agricultural structures, to custom homes, specialty buildings for medical and banking services and garages.

Oneida County requested the $120,000 award to help finance the project, estimated to cost about $1.2 million. It will enable the company to purchase two major production lines to expand their pre-engineered wall panel construction to be in position to build inventory for the 2017 construction season to meet growing demand. The company, which employs 70 people, expects to add eight more people to its roster to serve clients in the northeast and Middle Atlantic states.  

HCR Commissioner James S. Rubin said: “Governor Cuomo recognizes that by investing in companies, we are investing in people. As S.R. Sloan grows to meet demand for their quality products, they will expand their work force which adds to the vitality of the larger community.  In a real way, the grant can be seen as a vote of confidence in the greater Utica metropolitan area which has had more than its share of economic challenges over the years.”  

The new production equipment will be housed in their existing building on Halsey Road. Their product line includes floor and roof trusses, wall panels and laminated veneer lumber and pre-built stairs.

Owner and President of S.R. Sloan, Inc., Stephen Sloan said: “S.R. Sloan, Inc., is grateful for the state funding in support of our expansion project. We gratefully acknowledge the efforts of Mohawk Valley Edge for helping to secure state grant support. The funds will be instrumental in increasing our manufacturing capabilities and expanding Sloan’s capacity to provide high-quality structural building components to our valued customers in a timely and cost competitive manner, whereby strengthening our market position. Additionally, the increased capacity allows S.R. Sloan to create and retain jobs vital to the Mohawk Valley and Upstate New York.”

Whitestown Supervisor Shaun J. Kaleta said: “S.R. Sloan is a staple in the Town of Whitestown and all of Central New York. Not only am I happy that the family-owned business and true leader in the truss industry chooses to do business in Whitestown, but I am thrilled that this funding will allow them to grow. The Central New York Region, as a whole is on the upswing. As the area continues to revitalize itself, it is crucial that the manufacturing and construction sector becomes stronger and vibrant, too. This funding will allow that to happen, and the fact that it is happening in Whitestown, is a great thing. I commend S.R. Sloan for making a commitment to do business locally and to work with other local businesses, and Governor Cuomo’s team for recognizing the project’s importance in approving the grant. The new jobs that will result from this funding is a win-win for everybody and will provide, yet another boost to our local economy.”

About New York State Homes and Community Renewal
New York State Homes and Community Renewal (HCR) includes the Affordable Housing Corporation, the Division of Housing and Community Renewal, the Housing Finance Agency, State of New York Mortgage Agency, Housing Trust Fund Corporation and others. 2016 marks the fourth year of Governor Cuomo’s $1 billion statewide House NY program, whose goal is to create or preserve 14,300 affordable units by 2018. In 2015, HCR set a record for financing the creation or preservation of more than 11,000 affordable homes and apartments and was the #1 bond issuer in the nation with $2.5 billion issued. The agency stands ready to make good on the Governor’s new $10 billion 100,000 unit House NY 2020 commitment. For more information on HCR programs and initiatives, please visit: http://www.nyshcr.org/  

 

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