CPI Aerostructures Inc

CPI has been a Long Island based manufacturer for 40 years. CPI manufacturers aircraft structural assemblies and integrated systems for defense and commercial markets. CPI plans to partner with a developer who would lease the land from the Town of Islip, construct a building and lease to CPI. The developer plans to negotiate with the Town of Islip and airport administration a long-term development ground lease for a 15 acre parcel for the development of an aviation related manufacturing facility. The proposed project consists of the development of approximately a 220,000 square foot, state of the art facility on the parcel. The new facility represents an investment of approximately $30 million. The project also represents an opportunity to retain approximately 300 jobs and create an additional 85 related jobs over a 5 year period
Program Name:
Excelsior Jobs Program
Agency ID:
ESD
Applicant Name:
CPI Aerostructures Inc
Region:
Long Island
CFA Award Amount:
$2,700,000
Grant Money Disbursed to Date:
$0

Project Status:
Green