Judy Dagostino, Chairwoman of the Schenectady County Legislature said, “We are very grateful that the Railex expansion was selected for State funding through the Regional Council competition. This project will create 100 new jobs as Railex adds 64,000 square feet of space to their existing 228,000 square foot facility. This represents a $12 million private investment in Schenectady County. We thank Governor Cuomo for his support of this innovative green transportation project in Rotterdam. “
Railex is located at the Rotterdam Corporate Park, the Capital Region’s largest business park with more than 4 million square feet of space.
Ray Gillen, Chair of the Schenectady County Metroplex Development Authority said, “Transfinder is a fast growing software company headquartered in Schenectady. This project will help Transfinder set up operations on lower State Street. This will transform the First Niagara Building into a Business Accelerator to develop talent and technology businesses in the high-tech sector by encouraging the start-up and growth of related businesses. The total project cost is $750,000 with $150,000 funded by the Regional Council grant.”
Transfinder is investing $5.5 million to construct a new 26,000 square foot corporate headquarters at 440 State Street in downtown Schenectady. This would be the company’s second major investment in downtown. The new project is located at 263 State Street.