Diamondback RediMix Upgrades Facility with Eco-Friendly Concrete Technology
Deal News | Oct 31, 2024 | New York Ventures Inc
Empire State Development (ESD) has announced the completion of a $476,000 equipment upgrade at Diamondback RediMix's Staten Island facility. This modernization involves the installation of advanced stone recycling equipment designed to enhance the production of eco-friendly concrete and create five new jobs. By investing in this technology, Diamondback RediMix aims to reduce its carbon footprint and meet the rising demand for sustainable construction materials. This project was supported by a $95,000 capital grant from ESD, emphasizing New York's commitment to innovative and green building practices. The upgrades are part of a broader effort to ensure that the company can continue to fulfill orders for municipal projects in New York City that increasingly require low-carbon concrete solutions. Empire State Development's support of this initiative underscores its role in promoting job creation and economic growth in New York State while advancing environmental sustainability.
Sectors
- Construction Materials
- Sustainable Development
- Public-Private Partnerships
Geography
- United States – The article and the entities involved are based in the United States, specifically dealing with developments within New York State.
- New York – The events take place in New York, with the upgrade of Diamondback RediMix's facility on Staten Island and the involvement of New York's Empire State Development.
Industry
- Construction Materials – The article focuses on Diamondback RediMix, a company that specializes in concrete production and construction materials, emphasizing its move towards eco-friendly products.
- Sustainable Development – The upgrade to sustainable equipment highlights the company's and state's focus on environmentally friendly practices and low-carbon footprint projects.
- Public-Private Partnerships – The collaboration between Empire State Development and Diamondback RediMix exemplifies the role of public-private partnerships in advancing industry standards and regional economic growth.
Financials
- $476,000 – Total investment made for the equipment upgrade at Diamondback RediMix's facility.
- $95,000 – Capital grant provided by Empire State Development to support the equipment upgrade.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Diamondback RediMix | Target Company | Company | A company specializing in recycling and construction materials, focusing on eco-friendly concrete production. |
| Empire State Development (ESD) | Government Supporter | Government | New York's chief economic development agency promoting business growth and supporting sustainable projects. |
| John DiFazio | President of Diamondback RediMix | Person | President of Diamondback RediMix, involved in overseeing the upgrades and sustainable initiatives. |
| Hope Knight | President, CEO and Commissioner of Empire State Development | Person | Key spokesperson for ESD, highlighting the importance of sustainable investment and job creation in New York. |
| NYCREDC Co-Chairs Flix V. Matos Rodrguez and William D. Rahm | Advisors | People | Chairs of the New York City Regional Economic Development Council, supporting the investment in Diamondback RediMix. |