The expansion project is underway, and the company expects construction crews to finish their work in mid-March.
ESD has offered up to $250,000 through the Excelsior Jobs tax-credit program in exchange for the job-creation commitments.
“The surrounding community has supported Dynalec for over 40 years and we are proud to call the village of Sodus our home,” James Ryan, attorney for Dynalec Corp., said in the ESD news release. “Construction of our new facility will allow us to meet the growing worldwide demand for our products, while expanding our highly technical workforce to remain a leader in onboard ship communication. We would like to thank Empire State Development for their assistance in allowing us to reinvest in this special community.”
(Sponsored)

Financial Inclusion through Affordable and Safe Banking Products
Financial inclusion is the accessibility of useful and affordable financial products and services to all individuals and businesses. Financial institutions have made strides in advancing these practices, most recently in

Asset Acquisition Strategies: Choosing Between Financing, Leasing or Buying
When acquiring business equipment or machinery, how you choose to pay can significantly impact your cash flow, tax strategy and long-term financial position. The three primary optionsare financing, leasing and
Founded in 1960, Dynalec Corporation is a manufacturer of shipboard systems for communication, navigation and switching. It builds standard and custom products for military and commercial use, including sound-powered telephones. Its customers include agencies of the U.S. Department of Defense; military and commercial shipyards; international navies; mining/oil rigging manufacturers; and telecommunication companies.
Contact Reinhardt at ereinhardt@cnybj.com
Image credit: Dynalec Corporation website


