The project retains 474 jobs. Remington Arms will modernize its Ilion rifle plant, retaining 800 jobs. Union Tools is consolidating manufacturing operations in Frankfort. The project will create 96 jobs and retain 252 jobs. The Major Projects Report was conducted using a cost-benefit model developed specifically for ESD by PolicySource, Inc., which specializes in regional modeling and cost benefit analysis for public agencies and private corporations.
Anticipated impacts are for the seven year period following project initiation.