Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Airport, Border and Port Safety and Security
Left Nav Sep
Bioterrorism
Left Nav Sep
Civil Aircraft
Left Nav Sep
Civil Airlines, Airports and Services
Left Nav Sep
Communications and Navigation
Left Nav Sep
Education, Training and Professional Services
Left Nav Sep
Manufacturing and Materials
Left Nav Sep
Military and Defence Facilities
Left Nav Sep
Military Aviation
Left Nav Sep
Military Vehicles
Left Nav Sep
Naval Systems
Left Nav Sep
Personal Equipment
Left Nav Sep
Software and IT Services
Left Nav Sep
Space and Satellite
Left Nav Sep
Weapons, Ammunition and Explosives
Left Nav Sep
View All
Other Carouselweb publications
Carousel Web
Defense File Logo
New Material Logo
Pro Health Service Zone
Pro Manufacturing Zone
Prosecurity Zone
Web Lec Logo
Pro Engineering Zone
 
 
 
News

Johnson Outdoors Receives New York State Grant

Johnson Outdoors Inc. : 29 March, 2007  (Company News)
Johnson Outdoors Receives New York State Grant of $500,000 To Help Cover Flood Damage Costs
Johnson Outdoors announced the Company has been awarded $500,000 by New York's Empire State Flood Recovery Grant Program, established to provide supplemental compensation for businesses impacted by catastrophic flooding in that state last year. The grant will be made in two payments: half upon approval of the application and half upon completion of flood damage remediation efforts.

Binghamton, New York, is home to the Johnson Outdoors Outdoor Equipment Group division which makes and markets consumer, commercial and military tents and camping equipment under the Eureka! and Silva brand names. On June 29, 2006 the Company's manufacturing and administrative facilities located in Binghamton were temporarily shut down due to flooding caused by heavy rains in the Northeast. Production resumed at the facility in August and administrative offices, which had operated out of a temporary location after the flooding, reopened at the facility in January 2007.

Funding for the New York state flood grant program was made available by $12 million in state appropriations and reappropriations to the Empire State Development Corporation. Businesses and organizations located across 20 designated counties in New York state were eligible to receive assistance under the flood grant program. Grant funds were ear-marked expressly for costs associated with the clean-up, repair, mitigation or replacement of property, equipment and inventory lost or damaged due to floods the week of June 26, 2006. Flood grant funds were not applicable to flood-related business interruption losses. In its flood grant application last fall, the Company estimated eligible grant expenditures in Binghamton of $7.6 million related to the flood, of which all but $1.2 million was covered by the Company's insurance.

'On behalf of everyone at Johnson Outdoors, I want to thank the state of New York for taking prompt action to help spur the economic recovery of a region devastated by last year's flooding,' said Helen Johnson-Leipold, Chairman and Chief Executive Officer. 'We sincerely appreciate the support of Senator Tom Libous and other officials throughout Broome County as we continue working hard to recover and rebuild our business.'
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 DefenseFile.com
Netgains Logo