GLEN - A $50 million indoor aquaculture facility that would produce more than 17 million pounds of fish annually could open in the Glen Canal View Business Park next year.
TecMar NY's project, which would create more than 175 jobs, will receive $1.4 million in state funding, Gov. Andrew Cuomo announced Wednesday.
A TecMar representative said construction on the facility could begin in the winter or early spring and be completed six or seven months after that.
The facility would be constructed on about 175 acres in the park.
The project would be on 130 acres of land and include an estimated 840,000-square-foot building housing tanks and other equipment to produce fish, according to the project proposal.
TechMar NY Executive Director Marlene Mullins said the facility would employ a combination of skilled and general laborers.
Mullins said the company would hire as many Montgomery County residents as possible.
The facility would be the first one of its nature that TechMar NY has built, Mullins said.
She thanked Cuomo and the Empire State Development Corp. for the support.
In September, Ken Rose, Montgomery County IDA director, said the site's use would be contingent on water availability. Drilling at the park began last month to test the area for sources of underground water. Rose said the reports, completed in October, showed the underground water is adequate.
"The community seems to be positive about this," Rose said.
Lawrence Coddington, Glen supervisor, said the town has not been closely involved in the project and he had just heard about the state funding this morning.
Coddington said he's confident the new jobs would help Montgomery County, which has an unemployment rate of nearly 10 percent.
Coddington said the facility would have little effect on the environment.
"It's a clean business," Coddington said.
"I think it's a good thing for the town and a good thing for the county," Coddington said.
The IDA and the state are working with TechMar, Rose said.
Currently, the Glen Canal View Park hosts Diam Logistics, American Ornamental and L&S Veneer.