Inficon breaks new ground
Inficon announced that they were moving out from New York, and were instead moving to... New York!
INFICON, Inc. manufacturer of the Hapsite chemical detector, broke ground on the planned expansion of its manufacturing operations in East Syracuse. The company selected Central New York over several locations worldwide including China, and will invest $20 million to build an addition to its existing facility, resulting in the creation of 40 new high-paying jobs and the retention of 240 existing jobs.
\"This administration has worked hard to improve New York's business climate and make this a place where companies can grow, create jobs and help strengthen the state's economy,” Governor Cuomo said. “INFICON's decision to stay in Central New York and grow in central New York is a win for the region and yet another sign that upstate is on the move.”
INFICON has been in business in Central New York for nearly half a century and is near capacity in its current 30 year-old building. They will now construct and equip a 64,000 square-foot addition to its existing 140,000 square-foot manufacturing facility. This is the first part of a multi-phase expansion plan that will allow the company to continue to grow and improve sales and exports, as well as increase its portfolio of new products through increased research and development.
New York State has provided INFICON with a $1 million grant and $1.5 million in Empire State Development's performance-based Excelsior Jobs program tax credits, which are tied directly to job creation commitments and were critical in the company expanding in Central New York versus other global locations. INFICON is headquartered in Switzerland and has manufacturing facilities in Europe, the United States and China, as well as subsidiaries in China, Finland, France, Germany, India, Italy, Japan, Korea, Liechtenstein, Singapore, Sweden, Switzerland, Taiwan, the United Kingdom and the United States.
The retention of INFICON in Central New York will result in opportunities well beyond the number of net new jobs created. Within the next ten years, 30 percent of the company’s employees will be of retirement age. Both the jobs resulting from natural attrition and new jobs resulting from the expansion project will require workers with college degrees, providing significant opportunities for locally-educated students. The company has an ongoing program actively working with local universities, providing student internships, and hiring numerous local college students, as well as providing 100 percent tuition reimbursement to employees that continue their education.
Senator John A. DeFrancisco said, “INFICON's building expansion in East Syracuse is an outstanding example of the Regional Economic Development Council's role in helping to spur economic growth in the Central New York community. This project will create 40 new, high-paying jobs, retain 240 positions and build a strong foundation for even more employment opportunities in the future.”