INFICON Expands East Syracuse, New York, Manufacturing Hub
The project, supported by the Governor’s Central New York Regional Economic Development Council, will enable INFICON to increase capacity and efficiency and better compete in the global marketplace. Empire State Development, through the CNYREDC, is providing INFICON with a $1 million grant and $1.5 million in performance-based Excelsior Jobs program tax credits, which secured the expansion project for the Central New York region instead of at one of the company’s other global locations.
“This investment will strengthen Central New York’s advanced manufacturing industry, create new jobs in Upstate New York today and build a foundation for even more employment opportunities in the future,” said Governor Andrew Cuomo. “New York needs companies competing in the global economy and INFICON’s expansion will allow them to do just that by increasing production and tapping into more markets around the world. I commend the Central New York REDC for identifying this priority project and am pleased to support such a smart, strategic investment in growing the upstate economy.”
Peter Maier, President of INFICON Inc. said, “INFICON is pleased to have such strong support from all of our elected officials to make this local project a reality. This $20 million dollar expansion will lead to the creation of high quality local jobs in research and development and world-class product manufacturing and drive continued growth in our export business."
INFICON, which has been in business in Central New York for nearly half a century and is near capacity in its current 30 year-old building, will construct and equip a 64,000 square-foot addition to its existing 140,000 square-foot manufacturing facility. This is the first phase of a multi-phase expansion plan that will allow the company to continue to grow and improve sales and exports, as well as increase its portfolio of new products through increased research and development.
Empire State Development President, CEO and Commissioner Kenneth Adams said, “The company’s $20 million investment represents a strong commitment to East Syracuse and 40 new jobs for the region, demonstrating that this expansion will pave the way for continued growth and improved sales.
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Opportunity Zones Can Uplift Communities and Investors Alike
A Changing Food Manufacturing Industry
2017 Food Processing
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018