Canary Expands New York City Headquarters-Operations Hub
“Canary will bring jobs that are perfectly suited for New York’s large and growing community of developers and computer programmers”, said Howard Zemsky, President/CEO/Commissioner of Empire State Development. “With companies like Canary starting here and choosing to remain here as they grow, it is clear that under Governor Cuomo’s leadership, New York is open for business.”
“Canary was born and designed right here in New York City, so maintaining our headquarters and continuing to grow our presence in Manhattan was very important to us,” said Adam Sager, Canary’s Cofounder/CEO. “This city is filled with energy, talent and passion, and there’s nowhere else we’d rather be.”
According to company officials, the new headquarters will accommodate Canary’s rapid expansion, as it continues to add customers, grow revenue, and solidify its place as a key player in the “internet of things”.
To encourage Canary to keep its headquarters in New York, ESD has agreed to provide the company up to $4.2 million in performance-based Excelsior Jobs Program tax credits. To qualify for the incentive, Canary will invest millions in infrastructure, research, and development and create at least 193 new full-time jobs, over the next 10 years, while maintaining its current 91 jobs in the state. Prior to making its decision to remain and grow in New York, Canary considered other locations outside the state.
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