Ultra Electronics Plans Shared Services Center In Victor, New York
The center, in the Town of Victor, will service Ultra’s North American operations in both the United States and Canada. The decision will create 80 new jobs over the next four years and will retain 198 jobs statewide, 77 of which are in the Ontario County location. With this decision, Ultra will consolidate business functions across its portfolio of 12 North American companies and create a shared services model for the common “back-office” functions.
"Ultra Electronics's Ontario County expansion is more great news for the Finger Lakes, which is quickly becoming a hub of innovation and a destination for high tech businesses," Governor Andrew Cuomo said. "The new shared services center will create new jobs and further strengthen the local economy as we continue to move the Finger Lakes Forward."
According to state officials, the project will involve significant investment in software systems and equipment locally to accommodate the new shared services center. Ultra Electronics Holdings plc, based in the UK, is a world-leading group of businesses operating in the Defense & Aerospace, Security & Cyber, Transport and Energy Markets. The Group manages a broad portfolio of innovative capabilities focused on customer need. Flightline is a division of Ultra Electronics, and is an advanced manufacturer of instrumentation and communication systems.
To encourage Ultra to select its New York subsidiary in which to locate this shared services center, Empire State Development has offered the company up to $800,000 through the Excelsior tax credit program in return for job commitments.
The Ontario County Industrial Development Agency also facilitated the investment by providing the company with incentives. The total project cost is estimated at a little over $11 million. Renovation work on the new shared services center in Victor will get underway in the next few months and is expected to be completed by 2018.
Rakesh Sharma, Chief Executive of Ultra Electronics Holdings plc said, “Ultra is delighted to partner with New York State and Ontario County to locate its North American Global Business Services at our Flightline Systems facility in Victor, New York. Having once been a resident of Honeoye, New York, I am delighted that a county I know so well is the final choice. The formation of the Global Business Services center is a key enabler supporting Ultra’s strategic growth initiatives.”
Ontario County IDA Executive Director Mike Manikowski said, “We are thrilled that Ultra chose to expand in Ontario County. Harvesting from within is our strong suit in economic development, and we’ve had a strong working relationship with Flightline for many years. A big thanks to Governor Cuomo and his regional partnership, which helps make New York State and Finger Lakes a prime location for firms looking to expand. Ultra’s decision validates the area’s ability to support cutting-edge businesses.”
Ultra employs more than 4,800 people in 24 locations worldwide.
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