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Tuesday, June 8, 2010, 1:51pm EDT  |  Modified: Tuesday, June 8, 2010, 4:06pm
NJ company expanding in new $3.65M Schenectady building
The Business Review (Albany) - by Richard A. D'Errico


Argo Turboserve Corp., a Lyndhurst, N.J. company with an office in Schenectady, will expand into a 22,000-square-foot building off Broadway that is under construction.

ATC, which signed a 10-year lease, is investing $1.5 million in lab equipment and machinery. Developer and owner Highbridge Development is investing $3.4 million in the building, and Highbridge's Plank Construction Services LLC is constructing the building. Empire State Development Corp. is provide a $100,000 capital grant and Schenectady Metroplex Development Authority is proving $150,000 toward the cost of the $5 million project.

The building, which already has a steel shell up, is next door to the new John D. Marcella & Son Appliances Inc., which Plank also built...........>>>>.............>>>>..............http://albany.bizjournals.com/albany/stories/2010/06/07/daily19.html?surround=lfn

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The company expects to grow from 15 to 30 people in the next three years. Engineering jobs will pay annual salaries between $60,000 and $100,000. Technician positions will have annual salaries of between $30,000 and $60,000.