New York Governor Andrew M. Cuomo recently announced that IEC Electronics Corp. will invest more than $20 million to relocate and construct a new “state-of-the-art facility” in Newark in Wayne County. The electronics manufacturing company plans to create up to 362 new jobs and retain 463 positions at the new 150,000-square-foot facility located at the […]
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New York Governor Andrew M. Cuomo recently announced that IEC Electronics Corp. will invest more than $20 million to relocate and construct a new “state-of-the-art facility” in Newark in Wayne County.
The electronics manufacturing company plans to create up to 362 new jobs and retain 463 positions at the new 150,000-square-foot facility located at the Silver Hill Technology Park, according to a news release from the governor’s office.
IEC Electronics had considered moving out of New York state but chose to stay and expand in the region after receiving state and local financial support and incentives.
Empire State Development is providing up to $2 million through a Finger Lakes Forward Upstate Revitalization Initiative grant and up to $3 million through the Excelsior Jobs Program in exchange for IEC’s job-creation commitments, the release stated.
Rochester Gas & Electric and the New York State Electric and Gas Corporation are offering up to $670,000 in assistance for the project. Wayne County is also providing incentives for the venture and the Greater Rochester Enterprise was “instrumental in helping the company remain in the Finger Lakes region,” according to the governor’s office. The total cost for the relocation project is approximately $22 million.
IEC plans to move to and begin operations at the new facility in mid-2019.
“IEC has made its home in Newark since 1973 in a 100 years old former paper factory building that would require extensive capital investment to bring it to the next level. Constructing this new building enables us to design, from the ground up, a state-of-the-art and advanced technology facility that can support our growth as a leading U.S. based provider of electronic manufacturing design and production services for life-saving and mission critical products,” IEC Electronics President & CEO Jeffrey T. Schlarbaum said in the governor’s release.
For 50 years, IEC Electronics has been providing manufacturing products and services to companies in the medical, industrial, aerospace, and defense sectors. The company is a provider of electronic contract-manufacturing services such as printed circuit-board assembly, cable and wire-harness assembly, and precision metalworking for life-saving and mission critical products, according to the release. The firm specializes in providing technical solutions for the custom manufacturing of complex full-system assemblies with advanced engineering support and laboratory services, including risk mitigation related to counterfeit component detection.