DeWITT — Inficon, Inc. plans to expand its manufacturing operations in DeWitt, creating 40 new “high-paying” jobs and retaining 240 existing positions.
The company will invest $20 million to build an addition to its existing facility, according to the office of New York Governor Andrew Cuomo.
Cuomo announced the expansion in a press release this afternoon.
Inficon is a provider of instrumentation, sensor technologies and advanced process-control software for a variety of industries including the semiconductor and precision-optic sectors.
Inficon’s operations are located at 2 Technology Place in DeWitt.
Cuomo’s Central New York Regional Economic Development Council (CNYREDC) supports the project. It will enable Inficon to “increase capacity and efficiency and better compete in the global marketplace,” the governor’s office said.
Empire State Development (ESD), through the CNYREDC, is providing Inficon with a $1 million grant and $1.5 million in performance-based Excelsior Jobs program tax credits.
The assistance “secured” the expansion project in the Central New York region instead of at one of the company’s other global locations, Cuomo’s office said.
“This $20 million expansion will lead to the creation of high quality local jobs in research and development and world-class product manufacturing and drive continued growth in our export business,” Peter Maier, president of Inficon, said in the news release from Cuomo’s office.
Inficon, which has operated in Central New York for nearly half a century, is near capacity in its current 30-year-old building, the governor’s office said.
Inficon will construct and equip a 64,000-square-foot addition to its existing 140,000-square-foot manufacturing facility.
It represents the first phase of a multi-phase expansion plan that will allow the company to “continue to grow and improve sales and exports,” and increase its portfolio of new products through increased research and development, Cuomo’s office said.
The CNYREDC identified the Inficon project as a “regional priority” as it aligns with the council’s plan for economic growth by attracting investment, “particularly in the high-tech industry,” according to the governor’s office.
“Inficon is competing and thriving on a global stage,” Robert Simpson, president of CenterState CEO and co-chair of the CNYREDC, said in the governor’s news release.
“Inficon’s success is driven by its determination to continually reach new customers and export to markets around the world. Our Regional Council identified this expansion as a priority project because improving connections to the global economy is a key goal to help create new, high-paying jobs and build wealth in Central New York,” Simpson said.
Contact Reinhardt at email@example.com