Corning Incorporated Expands Monroe County, New York, Facilities
The Village of Fairport expansion is scheduled to be completed in 2024 and will include an investment in the company’s administrative and manufacturing facilities, as well as the establishment of a Development and Engineering Center of Excellence nearby.
Additionally, Corning will equip a new Laser Optics production facility at Jetview Drive in the Town of Gates, which is targeted for completion in 2023.
"Semiconductors are fundamental to virtually all technology we interact with today, from smartphones, to cars, to household appliances,” said said Wendell P. Weeks, Corning Chairman and CEO. “Corning has helped advance the semiconductor industry for more than 50 years, and our expansion will continue to keep us well positioned to support nearly every step of the chip manufacturing process as we respond to growing customer demand. We're grateful for Governor Hochul's ongoing support and appreciate that she has made investing in and strengthening semiconductor manufacturing a priority."
Empire State Development is assisting Corning with the planned expansion by providing up to $5 million in performance-based Excelsior Jobs Tax Credits in exchange for the job creation and investment commitments. Monroe County and Greater Rochester Enterprise are also assisting with the projects.
"Both Corning and the Finger Lakes Region are synonymous with innovation, and this latest investment and expansion project reflects the company's historic commitment to New York State and Monroe County,” added Empire State Development President, CEO and Commissioner Hope Knight. “Companies like Corning can clearly see the strength of the region's optics industry, as well as the state's leadership in semiconductor manufacturing. That powerful combination is further fueling a tech ecosystem, supported by a highly skilled and talented workforce, that is creating long-term economic growth and opportunity."
The investment is aimed at meeting demand in the rapidly growing semiconductor market and supporting increasing stability in this vital supply chain, according to state officials.
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