Albany small high-tech business is growing - WALB.com, Albany News, Weather, Sports

Albany small high-tech business is growing

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • South Albany House Fire

    South Albany House Fire

    Wednesday, August 20 2014 7:06 AM EDT2014-08-20 11:06:43 GMT
    Albany firefighters are on the scene of a house fire in the 600 block of West Gordon Avenue.We have a crew on the scene.Stay with WALB for the latest on this story.Copyright 2014 WALB. All rights reserved.More >>
    Albany firefighters are on the scene of a house fire in the 600 block of West Gordon Avenue.We have a crew on the scene.Stay with WALB for the latest on this story.Copyright 2014 WALB. All rights reserved.More >>
  • East Albany duplex fire

    Wednesday, August 20 2014 6:40 AM EDT2014-08-20 10:40:37 GMT
    Firefighters are on the scene of a duplex fire in the 1100 block of Clark Avenue.Around 05:22 this morning crews arrived and saw heavy smoke coming from the home.Firefighters were able to quickly put out the flames.No one inside andno injuries have been reported.Stay with WALB for the latest on this developing story.Copyright 2014 WALB. All rights reserved.More >>
    Firefighters are on the scene of a duplex fire in the 1100 block of Clark Avenue.Around 05:22 this morning crews arrived and saw heavy smoke coming from the home.Firefighters were able to quickly put out the flames.No one inside andno injuries have been reported.Stay with WALB for the latest on this developing story.Copyright 2014 WALB. All rights reserved.More >>
  • Closing arguments in murder trial set for Wednesday morning

    Closing arguments in murder trial set for Wednesday morning

    Wednesday, August 20 2014 4:03 AM EDT2014-08-20 08:03:55 GMT
    (left to right) Ezekial James and Jordan Harris(left to right) Ezekial James and Jordan Harris
    Closing arguments in the trial accusing two men of robbing and killing former Lee County Commissioner and Albany businessman is set for Wednesday morning.More >>
    Closing arguments in the trial accusing two men of robbing and killing former Lee County Commissioner and Albany businessman is set for Wednesday morning.More >>

By Jim Wallace - bio | email

ALBANY, GA (WALB) - Economic Developers say that kind of expansion is what will lead Albany out of the recession.   Equinox Chemicals is about to start a $5 million expansion.  

Even during these tough economic times, the company is seeing greater demand for its services. They plan to add dozens of new employees in the next year.   Equinox Chemicals is an Albany custom chemical company that does research and manufacturing for companies across the world.

There may be a recession on, but Equinox owners say their business is skyrocketing. Mark Grimaldi left Merck Chemical in 2003, and started Equinox with three employees. 

Now they have 33 employees, designing and preparing chemicals and organic molecules for things like fragrances and flavors.

But Grimaldi says they need significant increases to meet new orders, so they are buying neighboring land on West Oakridge, and will hire at least 15 new people by early 2010.

By the end of 2010 they expect to add 40 high paying jobs like Ph.D. chemists and engineers, sales, and marketing professionals. 

"Us being at almost near capacity right now, we just didn't have much room to absorb any increases in requirements from customers. Let alone taking on new contracts like we are always doing. So it's just a good time to expand on that," said Equinox Chemical Owner Mark Grimaldi.

"In this country it's always been small business that leads the country out of recession. And I think small business will lead Albany out of it's recession as well."

Equinox is buying the property next door from Artesian Contracting and LRA Constructors, and the EDC is helping them relocate their businesses. Grimaldi says he hopes to start work on the expansion later this month.

Grimaldi says some U.S. customers, who have been having their chemicals manufactured overseas, are now choosing to have them made in America, and that is a big part of Equinox's business growth.

The EDC says despite the recession, Albany business has seen some growth.

From 2005 through 2008, Albany had a 3.6% drop in jobs, losing about 1,500. But the number of businesses has increased 3%, the average weekly wages of employees has grown more than 6%, and the tax digest has grown 15%.  

©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback