BINGHAMTON (WBNG) – A major hemp company will soon make it’s way to the Southern Tier, bringing along hundreds of new jobs.
Democratic Senator Chuck Schumer made the announced Monday morning that a Canadian based hemp company called Canopy Growth is investing between $100-$150 million for a hemp production facility.
Local hemp companies like Castetter Sustainability Group Hemp says the Southern Tier is a perfect spot for this type of industry.
“We are perfectly situated close to New York City one of the most major markets in the world. We have great farm land around here and an abundance of facilities in labor,” said the chief executive officer for CGS Hemp, Kaelan Castetter.
Schumer believes the massive project will help bring more businesses to the area that use hemp products.
“Hemp is everywhere. You would be amazed where it’s used. It’s used in clothes it’s used in cosmetics, it’s used in food and oils and even in concrete,” said Schumer.
Schumer credited a bipartisan law passed in December called the Hemp Farming Act of 2018, which empowered states to be the principal regulators of hemp and gives hemp farmers the ability to compete for federal grants and to apply for crop insurance.
“The lid has been taken off and we can go full steam ahead in doing something I’ve wanted to do for a long time and that is make the Southern Tier one of the centers in America for industrial hemp,” said Schumer.
Schumer says the new hemp industrial park will create 400 news jobs for the area.
“Not only will this facility be the first of it’s kind. It will be in the forefront of the entire country and help make the Southern Tier the center for a newly unleashed and growing industry,” said Schumer.
Local lawmakers have also weighed in on the announcement.
New York State Assemblywoman Donna Lupardo (D) released the following statement:
“I’ve been working for the last several years to develop industrial hemp into a new agricultural commodity,” said Assemblywoman Donna Lupardo, Chair of the Assembly Committee on Agriculture. “I’ve always thought the growing, processing, manufacturing, and research of this crop would have enormous potential for the Southern Tier and the entire state. This level of investment from Canopy proves that industrial hemp can in fact be a major economic driver for our region.”
New York State Senator Fred Akshar (R) released the following statement:
“Industrial hemp presents a new economic opportunity for our Upstate communities, and I’m encouraged by Sen. Schumer’s initial announcement. However, with so few details on this project available, I’m eager to learn more before passing judgement. Part of that judgment will be how this new industry will effect the already struggling dairy industry. My first priority is to ensure our dairy farmers aren’t taken advantage of or forgotten in New York’s agricultural landscape.”
U.S. Congressman Anthony Brindisi (D) released the following statement:
“This exciting investment will not only create hundreds of good-paying jobs, it also puts the Southern Tier at the forefront of a brand-new industry. This is exactly the innovative, forward-thinking action we need to grow our economy and create opportunity for people in the Southern Tier. Thank you to Senator Schumer for leading on this important issue.”
Broome County Executive Jason Garnar (D) released the following statement:
“This is game-changing news for our community. There is huge potential for a tremendous amount of jobs and major economic investment. Our community is well-positioned to be the hub for hemp in New York State and we are ready to see the industry grow and thrive!”
Local hemp businesses say the announcement is a sign of things to come.
“We are going to continue to see a massive investment in this area into industrial hemp and we hope to be right there and making sure our community gets the most out of it,” said Castetter.
12 News reach out to the company Canopy Growth but has not yet heard back.
Schumer says the location of this hemp manufacturing facility will be announced in the next few days.