Time Warner Cable Invests $7.3 Million In Dewitt, New York Business Services Center
Area Development Online News Desk (11/07/2013)
Time Warner Cable, a telecommunications company and service provider, plans to develop a $7.3 million Business Services Center in a long-vacant space at a Dewitt, New York shopping center, creating 95 new jobs over the next four years in the east Syracuse area.
The new multi-functional center on Erie Boulevard, which is expected to be open for occupancy in spring 2014, will serve the company’s commercial customers in the northeastern United States. This will be the first ever consolidated Business Services Center of its kind for the company. The company plans to occupy a ground-floor space in a largely vacant and underutilized shopping center.
“We’re proud that our rapid growth has been part of the revitalization of New York’s economy,” said Ken Fitzpatrick, Senior Vice President and Chief Operations and Transformation Officer for Time Warner Cable Business Class. “This specialized facility will help us serve current and future business customers across the Northeast even more effectively and builds on our strong presence in Central New York with new jobs and investment.”
“Time Warner Cable's expansion will create new jobs in the Syracuse area and provide new support to the region’s economy,” Gov. Andrew Cuomo said. “A well-known company investing in Central New York, in a space that has been vacant for two decades, demonstrates the revitalization that we are working to replicate all across Upstate New York. I thank Time Warner Cable’s commitment to our residents and consumers, and I am excited to see this plan move forward and create good jobs for Central New Yorkers.”
Time Warner Cable qualified for up to $2 million in performance-based Excelsior Jobs Program tax credits from the state in return for its proposed investment and job creation commitments. The project is contingent on a lease agreement and Onondaga County IDA sales tax benefits approval.
“Governor Cuomo is dedicated to making New York State the best place to do business and today we commend Time Warner Cable for its commitment to the region,” said Empire State Development President, CEO and Commissioner Kenneth Adams. “Time Warner Cable will not only help to revitalize the Dewitt shopping center, which for too long has sat vacant, but they will also bring dozens of new jobs to the Syracuse area.”
Onondaga County Executive Joanie Mahoney said, “Time Warner Cable's expansion demonstrates that New York and Onondaga County are open for business and is further evidence of the work Governor Cuomo and his team are doing to create jobs and revitalize New York State. Time Warner Cable could have expanded anyplace, but we are proud they chose to expand here in Onondaga County. We appreciate Time Warner Cable's commitment to Onondaga County and Governor Cuomo's focus on creating jobs in Upstate New York.”