Hill-Rom Holdings Expands Operations In Skaneateles Falls, New York
"Our Welch Allyn facility in Skaneateles is a world-class administrative, research and manufacturing site. Investing more in our people and in Central New York benefits our employees, our business and the local economy," said Alton Shader, President of Welch Allyn.
According to the firm, the commitment, which will bring additional manufacturing, marketing and research and development jobs to the area, comes one year after Hill-Rom acquired Welch Allyn, which is based in Central New York and has maintained a significant presence here for more than 100 years.
"We are grateful to Governor Cuomo, Empire State Development, Senators Schumer and Gillibrand, Congressman Katko, State Senator DeFrancisco and Assemblyman Finch, as well as the Onondaga County Office of Economic Development and CenterState CEO, and their teams for their commitment and support to bringing well-paying jobs to Central New York," said Hill-Rom President/CEO John J. Greisch. "Hill-Rom is delighted to be strengthening our presence in the area through these critical economic development programs."
Hill-Rom's expansion in Central New York will be fueled in part by the receipt of up to $12 million in state incentives and grants, company officials said. Through participation in New York State's Excelsior Jobs Program, the company will be eligible for up to $6 million in tax credits over a 10-year period based on job creation commitments, qualifying capital investments and research and development expenditures. In addition, Welch Allyn has been awarded a New York State Upstate Revitalization Initiative Grant of $6 millionbased on the creation of new jobs at the company's facilities in Central New York.
Through a combination of property and sales tax savings, as well as job training grants, the company also plans to seek local incentives currently estimated at up to an incremental $1.5 million. Collectively, local incentives, in combination with the state incentives, could total as much as $13.5 million over the next decade.
"For more than a century, Welch Allyn has been a key driver of the Central New York economy, and this expansion will create more than 100 new high-paying jobs for the region," New York Governor Andrew M. Cuomo said. "From Regional Economic Councils to the Upstate Revitalization Initiative, our strategic investments are generating momentum and economic growth across the state. This expansion displays Hill-Rom's unyielding commitment to Central New York, and the resiliency and rising power of the Upstate economy."
2023 Top States for Doing Business Meet the Needs of Site Selectors
The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Front Line: Brownfields Offer Redevelopment Opportunities
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
2023 Top States Workforce Development Programs
Immigration: A Potential Fix for Labor Shortages?
Workforce Q4 2023