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Worksport

Project Overview

Worksport is a publicly traded Canadian company that manufactures tonneau covers for trucks. The company was manufacturing their products overseas but was looking for a site in North America to onshore production. Worksport had a list of requirements they were searching for throughout the process including a suitable building preferably near their Canadian headquarters, access to cross border expertise, and government incentives to make the project possible.

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Industry

Advanced Manufacturing

Jobs

308

Investment

$21.5 Million

Project Solution

With the help of InBN, Canadian company Worksport expanded to Western New York in 2022, establishing their first U.S. location. The company purchased a large facility in West Seneca at that time and pledged 28 jobs. Worksport was awarded tax abatements through the ECIDA, tax credits through ESD, and a hydropower allocation through NYPA for this project. 

In 2023, contacts from the company reengaged with InBN to discuss expanding into the available space in their facility, increasing their lines of production, investing in the facility, and hiring additional workers. InBN reintroduced the company to Empire State Development, which awarded the company $2.8million in refundable tax credits for the 280 new jobs they are projecting in the next 5 years. InBN also introduced the company to possible funding partners, both banking and private equity contacts. InBN coordinated a tour of the Worksport facility for a possible funding partner. InBN provided a variety of workforce assistance including providing InBN’s workforce data and expertise and making connections between Worksport’s HR team to various technician candidates recently laid off by a local firm. Worksport hired multiple of these candidates. Be in Buffalo also played a role in this project as a attendee at a Be in Buffalo Newcomer Meetup was connected to Worksport and received a job offer. The company intends to invest $6.5M over the next five years.

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