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TCGplayer Developing New Headquarters in Syracuse, New York

07/31/2018
TCGplayer, an online marketplace and software business, is beginning construction on its new headquarters in downtown Syracuse, New York.

The renovation work will include upgrades to 44,000 square-feet of space inside of The Galleries of Syracuse building on South Warren Street, allowing the company to grow its eCommerce fulfillment service for collectible memorabilia. According to Governor Andrew M. Cuomo’s Office, TCGplayer's new headquarters will also feature a unique, interactive design that engages the community through a street-level view of its space and pop culture-themed work areas. The company has committed to providing more than 300 new and retained jobs in the region over the next 5 years. Construction is expected to be completed in the fall.

"As Central New York continues to transform, we are attracting innovative companies like TCGplayer to set place roots in the region, creating jobs and spurring economic development along the way," Governor Cuomo said. "We will continue our efforts to revitalize our communities to foster growth to keep Central New York rising for generations to come."

"The addition of TCGPlayer in downtown Syracuse proves that New York's investments in technology and community revitalization are helping cities expand and grow," said Lieutenant Governor Kathy Hochul. "The software company's headquarters will add hundreds of new jobs and boost the local economy in Syracuse and the entire Central New York region, further advancing the CNY Rising strategy."

In June of 2016, the Governor first announced $50,000 in funding available to TCGplayer from the CNY Rising Upstate Revitalization Initiative, as well as $300,000 in performance-based Excelsior Jobs Program tax credits. Due to the company's exponential growth, TCGplayer is now eligible for up to $2.4 million through the Excelsior Program and up to $550,000 will also be provided to the company through a Central New York Regional Council Capital Grant, tied to job creation commitments. Additional funding support was secured by Assemblyman William Magnarelli. The total cost of the renovation has been placed at more than $3.3 million.

Assemblyman William B. Magnarelli said, "Homegrown companies, such as TCGplayer, are critical to driving the future growth and revitalization of downtown Syracuse and Central New York. I'm very pleased to provide state support for the expansion of such an innovative company and I look forward to the continued turnaround of Warren Street into a true corridor of technology-driven businesses."

Empire State Development President, CEO & Commissioner Howard Zemsky said, "TCGplayer's decision to establish a headquarters in downtown Syracuse and grow its online marketplace and software business are supported by our strategic and regionally-focused initiatives and investments in urban cores that are bringing 21st century jobs and revitalization to cities across New York State."

Central New York Regional Economic Development Council Co-Chairs Dr. Danielle Laraque-Arena, President & Health System CEO, SUNY Upstate Medical University and Randy Wolken, President & CEO of the Manufacturers Association of Central New York (MACNY) said, "The regional council is fully committed to the future of Downtown Syracuse. By supporting TCGplayers' continued growth, we further our efforts to reinvigorate the area, creating a welcoming place for millennials, families and others looking to experience all that the area has to offer."

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