Plastic Parts Manufacturer Hires 203 New Full-Time Employees - Quadruples Job Creation Commitments
Investment Complements "Central New York Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Andrew M. Cuomo today announced the completion of the $31.6 million Tessy Plastics expansion project in Van Buren, Onondaga County. The plastic parts manufacturer has already surpassed its promised job creation commitments at the site, more than quadrupling its original estimate of creating up to 50 new jobs by 2020. The family-owned and-operated company has already hired 203 new full-time employees, supported by $13.5 million in state incentives. The company previously considered moving its operations to South Carolina.
"Thanks to our strategic investments in promising industries, communities across Upstate New York are experiencing tremendous economic growth, and this expansion is yet another clear signal that Central New York's economy is rising," Governor Cuomo said. "By helping successful business like Tessy continue to grow, expand and create jobs right here in New York, we strengthen our local economies and set up our communities for generations of future success."
The expansion project, located on State Fair Boulevard, included the addition of a 260,000 square-foot manufacturing facility to its existing plant. The project also included the construction and addition of resin storage silos, material handling system, chiller, production equipment as well as upgrades to the facilities electrical infrastructure.
By helping successful business like Tessy continue to grow, expand and create jobs right here in New York, we strengthen our local economies and set up our communities for generations of future success.
Tessy Plastics President Roland Beck said, "We really appreciate the State incentives we received, the incentives were certainly one reason Tessy Plastics made the decision to expand in Central new York. The outstanding workforce in this area at every level was the main reason we chose to stay here. Besides the workforce, the quality of all the services we require to run a successful business are plentiful here and great to work with. I'd like to thank every person who worked hard to help Tessy Plastics continue to grow and continue to provide opportunities for the awesome people of Central New York."
Empire State Development President & CEO Howard Zemsky said, "It was only a year ago that New York announced a partnership with this solid company. The fact that it has already far exceeded its own hiring goals and created 200 new jobs is very welcome news for the regional economy and serves to support the momentum of the CNYRising economic development plan. Governor Cuomo's vision and strong commitment to Upstate is truly paying off."
To encourage Tessy Plastics to continue to continue grow its operations in Central New York, Empire State Development announced last July that it would provide up to $13.5 million for the expansion project; $10 million through a Capital Grant and another $3.49 million through the Excelsior Jobs Program in exchange for job creation commitments that the company has already exceeded.
Assemblyman William Magnarelli said, "I applaud Governor Cuomo's concrete efforts to establish a business climate that helped to encourage Tessy Plastics Corporation to stay in Central New York. The company's growth is proof positive that Central New York is a great place to do business and will be for generations to come."
Onondaga County Executive Joanie Mahoney said, "Thank you to Governor Cuomo for supporting Tessy Plastics and for his overall support of Upstate revitalization. These efforts are centered around collaboration between the private sector and government and allow solid companies to grow in Onondaga County leading to the creation of good jobs."
Founded in 1973, Tessy Plastics manufactures a wide range of products for sophisticated medical devices, electronics, products used in business applications and everyday consumer items, including packaging products. Through its innovative capacity, the company engineers, manufactures, assembles and distributes plastics products around the world, serving as a manufacturing partner of choice for a number of Fortune 100 consumer goods companies. In addition to the company's expanded Van Buren location, Tessy Plastics maintains a manufacturing plant in Elbridge and is headquartered in Skaneateles in Central New York. The company has facilities in Virginia and China as well.
More information about Tessy Plastics is available here.
Accelerating Central NY Rising
Today's announcement complements "Central NY Rising," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested nearly $3 billion in the region since 2012 to lay the groundwork for the plan - capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in.
Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 5,900 new jobs. More information is available here.