Eight Firms To Invest Nearly $10 Million To Expand Or Locate In Western New York
Governor Andrew M. Cuomo said the eight businesses represent the latest wave of companies participating in the new initiative that creates tax-free areas associated with colleges and universities across the state.
The largest job creator, Liazon Corporation, a leading provider of private online health benefits exchanges, is projected to create 500 new jobs over the next five years and invest nearly $5 million as part of its its expansion in the former Fairmont Creamery building in downtown Buffalo.
BAK USA, LLC, a manufacturer of tablet PC devices, will invest $840,000 and create 100 net new jobs in Buffalo. The firm will locate at an off-campus tax-free area in Buffalo designated by the University at Buffalo. The company will invest $840,000 and create 100 net new jobs.
“START-UP NY brings together the best of New York, from our world-class universities and colleges, our highly-trained and talented workforce and all of our beautiful natural assets, combined with the added benefit of offering businesses the opportunity to operate completely tax free,” Governor Cuomo said.
Liazon CEO, Co-founder and Buffalo native Ashok Subramanian said, “Now more than ever, Buffalo and New York State continue to be great places to start, build and grow a business, and Liazon is just one example of that. The START-UP NY program will play a pivotal role in strengthening our connection with the SUNY system, advance our technological advantages and provide rewarding career opportunities for residents of our region right here at home.”
Other START-UP NY businesses expanding or locating in Western New York will create jobs in several key industries, including biotechnology, pharmaceuticals, and software development, the Governor said. Businesses approved for START-UP NY include: Appistry, Biologichem, Canget BioTekPharma, Clinical Support Services, IFYE Association of the USA and Vader Systems.
Empire State Development President/CEO/Commissioner Kenneth Adams said, “START-UP NY is already creating jobs and transforming communities across New York State. The newest businesses to locate at Western New York’s tax-free areas will have access to the University at Buffalo’s world-class resources, including industry experts and advanced research laboratories, and UB’s students will have access to real-world, cutting edge business experiences.”
The latest businesses approved for START-UP NY include:
Appistry partners will locate in the Center of Excellence in Bioinformatics Building. The company, from St. Louis, Missouri, plans to invest $2.45 million.
Biologichem, a firm that designs and produces value-added chemical products primarily for the pharmaceutical and biotechnology industries, is locating at the UB STOR incubator at Baird Research Park in Amherst, with plans to invest $75,000.
In addition, Canget BioTekPharma will locate in the Center of Excellence building on campus and plans to invest $100,000. Clinical Support Services will expand to the Gateway Building in Buffalo and will invest $275,000 and create 16 net new jobs. IFYE Association of the USA will locate its corporate headquarters in Western New York, with plans to invest $25,000. Vader Systems will locate in the Buffalo Niagara Medical Campus’s Innovation Center in Buffalo. Vader plans to invest $1.39 million and create 15 net new jobs.
South Korea-Based Dongwha Electrolyte USA Plans Clarksville, Tennessee, Production Plant
Blue Buffalo Expands Richmond, Indiana, Production Complex
Schrödinger Expands New York, New York, Research Operations
Cirba Solutions Plans Richland County, South Carolina, Lithium-ion Battery Materials Campus
Albemarle Corporation Plans Chester County, South Carolina, Lithium Hydroxide Processing Plant
Tillamook County Creamery Association Plans Decatur, Illinois, Ice Cream Manufacturing Plant
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
The Top Investment Location Prospects for Aerospace Manufacturing
2022 Top States for Doing Business Provide an Environment for Business Growth
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
How Are Economic Developers Partnering to Solve Workforce Challenges?
Strategies to Overcome Intensifying Industrial Real Estate Challenges