Back/Blue Bird (BLBD) Expands Manufacturing in New York, Boosts Production and Job Creation
USA·November 28, 2024·blbd

Blue Bird (BLBD) Expands Manufacturing in New York, Boosts Production and Job Creation

ED
Editorial
Cashu Markets·3 min read
TL;DR
  • Blue Bird Corporation expands manufacturing by acquiring the Nova Bus facility in New York to double production capacity.
  • The expansion is set to create over 350 full-time jobs and is supported by significant state financial backing.
  • Blue Bird focuses on electric and low-emission buses, enhancing its competitive edge in sustainable transportation solutions.

Blue Bird Corporation Expands Manufacturing Capabilities in New York

Blue Bird Corporation (Nasdaq: BLBD), a frontrunner in the electric and low-emission school bus market, announces a significant expansion of its joint venture, Micro Bird, aimed at bolstering manufacturing capabilities in New York State. This development includes the acquisition of the Nova Bus facility in Plattsburgh, which will enable Micro Bird to double its production capacity to accommodate the surging demand for various bus types. By mid-2025, the facility is set to commence production, a move that is expected to create over 350 full-time jobs in the region. This expansion not only enhances Blue Bird’s operational footprint but also aligns with the company’s commitment to sustainable transportation solutions.

Phil Horlock, President and CEO of Blue Bird Corporation, expresses enthusiasm about this strategic initiative, underscoring its importance for the company's growth trajectory. The acquisition is supported by significant financial backing from the state, including nearly $10 million in performance-based Excelsior Jobs Program tax credits and a $2.5 million capital grant from the North Country Regional Economic Development Council. This level of support indicates a strong commitment from local and state authorities to foster economic development through job creation and technological advancement in the manufacturing sector.

Micro Bird's President and CEO, Eric Boulé, emphasizes the commitment to quality job creation and a seamless transition for skilled workers from Nova Bus. The preparations for the new manufacturing facility will begin in January 2025, with production expected to start in the summer of that year. Established in 1927, Blue Bird Corporation has earned a reputation as a technology leader in the school bus industry, focusing on safety, reliability, and durability. Currently, the company operates over 20,000 propane, natural gas, and electric-powered buses, reaffirming its role as a pioneer in low- and zero-emission student transportation solutions.

In addition to the manufacturing expansion, Blue Bird's commitment to sustainability positions it favorably in an evolving market that increasingly prioritizes environmentally friendly transportation options. The company’s proactive approach not only aims to meet rising demand but also enhances its competitive edge in the school bus sector. As educational institutions seek to modernize their fleets, Blue Bird’s focus on electric and low-emission buses aligns with broader goals of reducing carbon footprints and promoting cleaner air for students.

This expansion is a strategic move not only for Blue Bird but also for the local economy, as it brings enhanced manufacturing capabilities and job opportunities to New York State. As the school bus industry continues to evolve, Blue Bird's advancements signal a robust commitment to leading the charge in sustainable transportation.