ADP Technology Services Establishes Innovation Lab In New York City
Additionally, in order to secure the support of the New York City Regional Economic Development Council, ADP agreed to participate in an internship and work experience program such as Pathways in Technology Early College High School, or an analogous program that is consistent with the company’s staffing and internship plans.
“ADP’s decision to establish their Innovation Lab in New York City is a win-win for the community,” Gov. Andrew Cuomo said. “Not only is the company investing in a new facility in New York City and creating more than 100 new, good paying jobs for New Yorkers, ADP will also participate in an internship and work experience program that will help prepare New York students for careers in the growing STEM fields. Under these kinds of partnerships, the State is transforming the way we grow the economy and giving our students the education they need to succeed beyond the classroom.”
“Empire State Development and the city of New York have been great partners in helping us get our new Innovation Lab off the ground,” stated Mike Capone, Corporate Vice President of Product Development and CIO at ADP. “Our goal for this facility is to have highly specialized and creative teams focused on quickly incubating and delivering capabilities that will dramatically increase the value of our HCM platforms for clients.”
As an incentive, ESD has offered the company $2 million in performance-based tax credits through the Excelsior Jobs Program, which are directly tied to job creation and investment commitments. In return, ADP Technology Services will make more than $11.5 million in capital investments to establish the new operations and create 100 new jobs while retaining 22 existing positions, and the company estimates research and development expenditures at the new facility will reach approximately $10 million annually.
Empire State Development President, CEO and Commissioner said Kenneth Adams said, “Under Governor Cuomo’s leadership, we have restored fiscal order and made great strides in improving the business climate in New York State – and companies are taking notice. ADP is the latest example of an industry leading company choosing to invest and create new jobs and economic opportunities in New York. Not only is ADP investing millions of dollars and creating more than 100 new jobs, but they are being a model corporate citizen by committing to working with our schools to put the next generation of students on the path to attaining good jobs and a bright future.”
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