Hoosier Magnetics, Inc - St. Lawrence County IDA Skip to main content

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Project

Hoosier Magnetics, Inc

At a Glance

Status

Concluded

Agency

St. Lawrence County IDA

Hoosier Magnetics, Inc. located at 110 Denny Street, Ogdensburg, produces ferrite powder which is th e major raw
material for permanent magnets. Th e magnets power many appliances around us. Hoosier has become a global
supplier to th e low e nergy ferrite markets and has customers in E urope, Asia, So uth American and the U.S. T he
Company has requested that the St. Lawrence County Industrial Development Agency provide a Sales and Use Tax
Exemption and Real Property Tax Abatement for the Company’s new Employee and Maintenance Facility. The cost
of the new project will be $100,000.
This new Em ployee a nd M aintenance Fa cility is a pr operty im provement that wi ll h elp with th e m aintenance staff
efficiency and employee morale. The project will also improve the overall appearance of the plant.

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