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River Agency approves loan to Potsdam company

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LOUISVILLE — The St. Lawrence River Valley Redevelopment agency is looking to create new jobs in Potsdam.

The River Agency, in partnership with St. Lawrence County Industrial Development Agency and the Local Development Corp., has granted a $51,500 loan to First Class Aire LLC, which offers heating, ventilation, air-conditioning, recycling and waste treatment services, with the expectation that it will create new jobs.

The company will “help to reduce the waste stream by expanding the salvage and recycling capacity,” according to the resolution, which was adopted by the board at its meeting Tuesday night.

River Agency Chairman Robert O. McNeil and Louisville representative Thomas J. Carroll Jr. were absent.

Since First Class Aire moved to 495 W. Parishville Road, Potsdam, in February, it has been seeking funds in order to expand its services into commercial electronic waste, said Thomas A. Plastino, St. Lawrence County Industrial Development Agency deputy CEO and CFO.

“The money will help the company buy new equipment and machinery such as roll-off containers and scales, leaving them more room to expand and hire more help,” Mr. Plastino said.

The company plans to hire three full-time and two part-time seasonal workers.

The loan also will help retain four new jobs already created by the company, Mr. Plastino said.

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