Blue Bird (BLBD) Corporation announced the U.S. expansion of Micro Bird’s manufacturing operations to build small and midsize buses in New York State. Micro Bird, a 50/50 joint venture of Blue Bird Corporation and Girardin, has confirmed the purchase of the Nova Bus facility in Plattsburgh, NY, and plans to begin production in mid-2025. The investment will enable Micro Bird to double its production capacity to better meet the sustained and growing demand for its full line of school buses, school activity buses, multi-purpose vehicles and commercial buses, the company said in a statement. Micro Bird is poised to create more than 350 full-time jobs over the next several years at its Plattsburgh facility. This project is supported by the Empire State Development with nearly $10M in performance-based Excelsior Jobs Program tax credits and a $2.5M capital grant from the North Country Regional Economic Development Council. “We are thrilled to expand our leadership in Type A small and midsize buses with Micro Bird’s U.S. manufacturing capacity expansion in the great state of New York,” said Phil Horlock, President and CEO of Blue Bird Corporation. “Once fully operational, the new facility will double our Micro Bird production capacity and represents a significant step in our long-term profitable growth journey.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLBD:
- Blue Bird Corporation’s Share Repurchase Plans Clouded by Uncertainty Amid External and Internal Constraints
- Blue Bird price target raised to $71 from $68 at Craig-Hallum
- Blue Bird price target lowered to $63.50 from $66 at BofA
- Blue Bird Corporation Reports Strong Fiscal 2024 Growth
- Blue Bird Reports Record Fiscal 2024 Results