Kodak has always been known for its contribution to the photo industry. They are responsible for various types of cameras, film, and other accompanying equipment. Their name is a household brand that many of us have grown to know and love. In 2012, this famous camera and film company filed for bankruptcy due to the evolving digital era. Since then, Kodak has been slowly building itself back up, taking part in diverse industries and embracing its new role post-bankruptcy.
Kodak Railroad
This private railroad is owned by Eastman Kodak Company, and services only Kodak Park in Rochester, New York. Its primary business is in coal, chemicals, plastics and wood pulp. They maintain their own track and rail switches, and deliver to their buildings no matter the weather.
The New Start-Up Landlord
Kodak’s giant campus at Kodak Park will now become home to over 50 different companies. Previously, in 2014, Kodak put the park up for sale, but then took it off the market to make this separate division. These start-up companies will have access to the Kodak Railroad, the company’s industrial capabilities, their water purification plant, power plant, fire department, and waste facility, to name a few of the amenities offered by this new collaboration. The state of New York has also donated around one hundred million dollars to help renovate and update the site and facilities. According to Benchmark Reporter, half of this amount is already being used to help fund an environmental trust, created in 2014, to monitor damage to the Genesee River and clean up the surrounding area.
Diversifying the Kodak Portfolio
Kodak is also considering taking on two pharmaceutical marijuana companies that will put dispensaries in their Park if they are awarded a license this year. Columbia Care, LLC, one of the dispensary companies, has reached an agreement with Kodak and if granted a license, will grow, process, and distribute medical marijuana at Eastmen Business Park.
Kodak is progressively coming out of its slump, and with so many new business ventures, it’s sure to aid in the building up of the new version of this staple brand.
