Cayuga Milk Ingredients Launches $270M Expansion, Bolstering NY Dairy Industry
Deal News | Jun 18, 2025 | New York Ventures Inc
Governor Kathy Hochul celebrated the grand opening of Cayuga Milk Ingredients' $270 million expansion project, demonstrating a commitment to enhancing the dairy industry in New York. The initiative, supported by a $4 million capital grant and $4 million in tax credits from the state, promises to double the company's workforce by adding up to 150 new jobs. This two-phase project includes the installation of cutting-edge packaging and filtration systems and upgrading the wastewater treatment facility. With its commitment to sustainable agriculture and product innovation, Cayuga Milk Ingredients positions itself as a significant player in the global dairy market, contributing to New York's strong agricultural economy.
Sectors
- Agribusiness
- Manufacturing
Geography
- United States – The article focuses on a significant expansion in the dairy industry occurring within the state of New York.
- New York – Specific emphasis is placed on economic development and job creation in Central New York, notably Cayuga County.
Industry
- Agribusiness – The article highlights investment and expansion in the dairy industry, an important agribusiness sector, aimed at boosting regional economies and supporting farmers.
- Manufacturing – The article discusses the installation of state-of-the-art manufacturing systems for dairy processing, placing emphasis on innovation and sustainability in production.
Financials
- $270 million – Total investment in the two-phase expansion project at Cayuga Milk Ingredients.
- $4 million – Capital grant provided by the state of New York to support the expansion project.
- $4 million – Potential funding from the Excelsior Jobs Tax Credit Program, contingent on job creation targets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cayuga Milk Ingredients | Target Company | Company | A farmer-owned dairy processor committed to producing premium milk and innovative dairy ingredients. |
| Governor Kathy Hochul | Government Representative | People | Acting Governor of New York, celebrating the expansion's contribution to state economic and agricultural policies. |
| New York State | Government Support | Government | Provided financial support through grants and tax credits to facilitate the expansion project. |