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Project

Riverside Iron, LLC

At a Glance

Status

concluded

Agency

St. Lawrence County IDA , Local Development Corporation

Riverside Iron, LLC. Proposes to reopen the former Riverside Iron Works, an 11,000 square foot fabrication facility
which had been in business at this same location in Gouverneur, NY since 1962 prior. The facility fabricates miscellaneous, ornamental and structural steel and the company’s service area covers the North Eastern United States. The project will facilitate the ownership change from Duane Winters (Riverside Iron Works Corporation) to Eric Tessmer (Riverside Iron, LLC) and allow for the facility to restart operations. Riverside Iron, LLC. is requesting funding of $200,000 for 10 years at 2.65% from RVRDA and the GMEDF for working capital to reopen the fabrication facility. Duane Winters will continue work at the facility as a consultant as part of the ownership transition. Riverside Iron, LLC. will reach out to the former Iron Works customers, such as Cives Steel, BS Industrial, ALCOA, and Brookfield Power.

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