Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Toyota Material Handling North America Plans Henrietta, New York, R&D Operations

03/12/2024
Toyota Material Handling North America, a lift truck designer and manufacturer, plans to establish research and development operations in Henrietta, New York. The approximately $2 million project is expected to create 40 jobs.

The new advanced energy storage solutions development, prototyping and test center will design energy storage and fuel cell technology. Operations are scheduled for this Spring.

“We look forward to working alongside ESD to establish an energy storage and fuel cell development and testing center in Henrietta, New York. We are honored to contribute to the growth of this community while advancing innovation in sustainable technology,” said President and CEO of Toyota Material Handling North America and Senior Executive Officer at Toyota Industries Group Brett Wood. “This initiative signifies our commitment to excellence and underscores our dedication to environmental stewardship. Through this venture, we aim to create new jobs, empowering individuals and driving progress toward a better and brighter future.”

The project is being supported by up to $1.5 million through the performance-based Excelsior Jobs Tax Credit program. In addition, the County of Monroe Industrial Development Agency and Greater Rochester Enterprise also provided support for the project.

“Governor Hochul and ESD remain laser-focused on expanding New York State’s green economy by supporting the creation of 21st century research and development and manufacturing jobs,” noted Empire State Development President, CEO & Commissioner Hope Knight. “ Toyota Material Handling North America’s continued commitment to driving alternative energy applications for the lift truck industry is truly commendable, and we are thrilled that they are moving full speed ahead with all the opportunities that the state and Finger Lakes region have to offer.”

Toyota Material Handling is composed of two main group companies: Toyota Material Handling U.S.A., Inc. and The Raymond Corporation. Toyota Material Handling currently operates four manufacturing locations in East Chicago, IN; Columbus, IN; Greene, NY; and Muscatine, IA, and parts distribution centers in Syracuse, NY and Columbus, IN.

“As a leader in the energy innovation sector, the Greater Rochester, NY region is the perfect location for Toyota Material Handling North America to establish an energy storage and fuel cell development center,” Matt Hurlbutt, President and CEO, Greater Rochester Enterprise added. “GRE helped connect TMHNA leaders to economic development partners and the battery and energy storage expertise and integrated ecosystem available in the Greater Rochester, NY region to support the company’s growth plans.”

Exclusive Research