Business Services Industry

Canadian Lacks Any Specifics in Plan for Northeast New York Security Firm.

Knight Ridder/Tribune Business News, April, 2002

By Dennis Yusko, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News

Apr. 17--The president of a Canadian firm pitched his plan to bring a homeland security company to the city Tuesday, but he again offered no specifics on how he would fund the multimillion-dollar venture and left without the blessing of city business leaders.

Raymond Henry, CEO of The Cogesur Group, asked the Mechanicville Chamber of Commerce to support his plan to turn the city's 88-year-old elementary school into an emergency preparedness center.

Henry, who has signed a contract with the city school district to purchase the school for $1, then $350,000 in installment payments, was hoping to convince chamber members that he can come up with the $20 million he...

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