HUDSON VALLEY – McKesson Corporation is the recipient of a $200,000 economic development grant from Central Hudson Gas & Electric Corporation under the energy company’s Shovel Ready Sites program.
The grant provides funds toward the establishment of a regional distribution center that will employ up to 175.
McKesson now joins several other companies that have established distribution centers in Orange County to take advantage of state and interstate highway access in this key location.
“Central Hudson recognizes the importance of new private sector investment in the Mid-Hudson Valley,” said Anthony Campagiorni, Vice President of Regulatory & Governmental Affairs. “Our region has experienced growth in job creation thanks to the recent investments of McKesson, UNFI, AmerisourceBergen and other employers. We are very pleased to partner with McKesson as they open this regional distribution center.”
“We look forward to supporting the Mid-Hudson River Valley community as we welcome new employees into the McKesson family,” said Brian Ferreira, Vice President General Manager, McKesson U.S. Pharmaceutical. “This cutting-edge distribution center and our diverse workforce will deliver excellent service and quality to our customers.”
McKesson, currently ranked fifth on the FORTUNE 500, partners with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare to help provide the medicines, medical products and healthcare services to the right patients at the right time, safely and cost-effectively. McKesson has made significant investments in constructing a 350,000-square-foot distribution center in the Town of Montgomery. The company will distribute pharmaceuticals to customers located in Connecticut, New York, New Hampshire and Massachusetts, and expects to process approximately $2 billion of goods each year from this location.
This Shovel Ready grant is the eleventh provided by Central Hudson since 2009 in support of local businesses and job expansion. Past recipients have included Ferguson in Greene County, UNFI in Orange County, and JBT Wolf-tech and Stavo Industries, both in Ulster County. The Shovel Ready grant is funded through Central Hudson’s Economic Development program to help attract businesses and employers to the Mid-Hudson Valley, and was created to enhance the selection of sites available to industrial and manufacturing companies. The program funds can be used for site planning, environmental impact reviews and infrastructure. Central Hudson offers a suite of economic development incentives to current and prospective businesses to help retain and develop new employment opportunities.
“Central Hudson’s economic development programs aim to attract and retain quality employers in our region, and that is why we are pleased to offer this grant to McKesson in support of their significant investment and job creation here in the Mid-Hudson Valley,” said Campagiorni.
For more information on Central Hudson’s Economic Development programs, visit www.CentralHudson.com/EconomicDevelopment.