Green Machine Equipment, which makes battery-powered industrial machinery, claims its systems are zero-emission, 50% quieter and 90% less expensive than standard diesel-powered systems.
The company recently moved into a vacant, 850,000-square-foot manufacturing plant in Buffalo, N.Y., which once employed 650 workers. Green Machine Equipment only employs 10 people, but expects to add 28 more jobs in the near future.
Its growth is being supported by a 10-year, $1.4 million equipment and inventory loan from the Buffalo and Erie County Regional Development Corp. It has also raised $4 million from unnamed private investors for research and development, and $1.6 million in working capital financing from the Western New York Impact Fund and KeyBank.
- Modern manufacturing… Green Machine Equipment is bringing green jobs to a manufacturing plant that once made auto parts. The plant has been vacant since 2007, when General Motors’ company American Axle operated out of the facility for 85 years before closed up shop.