Schenectady, N.Y., November 1, 2007 — Mayor Brian U. Stratton today announced that the Schenectady Industrial Development Agency (IDA) has approved two projects with a total new investment of $10.8 million. The two projects approved by the City IDA include an $8.3 million expansion at the Kingsway Arms Nursing Center on Kings Road in the City. The second project involves a $2.5 million investment by Benchemark Printing on Maxon Road.
Coming on top of GE’s plans to invest $39 million downtown and create 500 new jobs, I would say this has been a pretty good week for new investment in Schenectady,” Mayor Brian U. Stratton said.
Denise Brucker, Chair of the City IDA and a member of the Schenectady City Council said, “These are two quality companies that are investing in Schenectady’s future. The City IDA is pleased to support both projects”
Jeff McDonald, a member of the City IDA said, “Schenectady keeps growing at a rapid clip. We appreciate this new investment and the confidence these two companies have in the City’s future.”
Kingsway is proposing a two-story 56,000 square foot expansion at its twenty-five acre complex on Kings Road in Schenectady. In addition to the building expansion, Kingsway will convert existing two-person rooms into single rooms in response to market demand for private rooms. The total number of beds available in the nursing center will remain at 160. Before construction can begin, the project must be approved by the NYS Department of Health.
At the assisted living center at Kingsway, 20 beds would be added to the current total of 120 units. The 20 news beds will be dedicated to helping seniors needing dementia/Alzheimer’s services.
The project which expects to start construction next spring following all local and State approvals will add 20 to 30 new jobs to the existing staff of over 400 full and part-time employees. In addition to the nursing center and assisted living facility, Kingsway also features an adult day services program, respite services, a home care agency, a children’s day care center and independent living apartments for active seniors.
Kingsway was started in 1974 by Dr. J. Peter McPartlon. His son Michael McPartlon, the Vice-President and Chief operating Officer, now manages the business.
Michael McPartlon said, “After 32 years of serving the seniors of the Capital Region, we are excited about the opportunity to grow and modernize our facility. This expansion will allow us to meet the current and future needs of families and their loved ones, keeping Kingsway on the cutting edge of the long term care continuum. We appreciate the support of the City of Schenectady and the City IDA as we bring our project to fruition.”
Benchemark Printing was founded in 1985 by Robert Kosineski, Sr. The founder’s two sons Bob Jr and Brian serve as senior executive staff at the printing firm. The company is a full service commercial printing company located on Maxon Road Extension in Schenectady. The company operates a 75,000 square foot facility which provides a full range of printing services for commercial customers.
Benchemark plans to purchase a new computerized printing press worth $2.5 million. The project will help to retain 83 jobs in Schenectady. An affiliated company also located at this same location employs another 27 people for a total of 110 jobs at the Maxon Road plant.
Robert Kosinseski Sr., “We appreciate the assistance of the City IDA as we continue to reinvest in our growing business in Schenectady.”