Governor Andrew M. Cuomo today announced that Retrotech, Inc., an engineering services firm, will expand in the Greater Rochester region. Retrotech Inc. which is exceeding expected sales and revenue objectives and has outgrown its current facility in Victor, plans to construct a new, larger facility in Henrietta. The company evaluated new office space and plant locations in the Chicago, Illinois area but ultimately chose to remain in New York State. This $3 million project will retain 87 existing jobs and create 23 new jobs over the next three years.
Retrotechs decision to expand operations in the Rochester area will create new economic opportunity in the region, including more than 20 new jobs for the community, Governor Cuomo said. The companys decision to expand here in New York was an easy one thanks to the states high quality and experienced workforce, low operation costs and a strong network among the regions companies and higher education institutions. Today more businesses are choosing to grow in New York State, adding private investment and new jobs while proving that there is no better place to do business than the Empire State.
Retrotech was acquired in 2011 by Savoye, a French company specializing in automation products, with the intent to expand capabilities and develop a long term growth strategy. Empire State Development awarded Retrotech a $500,000 grant to help offset project costs. To assist with Retrotechs relocation, Monroe County will also make important investments to assist the project developer through various economic development programs, including the issuance of a $200,000 low interest loan, $100,000 in training funds and a sales tax exemption of $52,800 for qualified purchases of $600,000 or more.
Retrotech is well underway for continued success. We are experiencing significant growth and were very enthusiastic about starting a new business chapter in our new, high-end technical facility, said Retrotech Chief Executive Officer Paul Deveikis. After evaluating sites around the country, we decided the best location to support our sophisticated engineering, software and testing activities was right in Henrietta, NY. A large portion of our engineering staff has come from RIT and weve enjoyed a strong and longstanding relationship with the university. Being closer to them is only going to make that better.
The expansion of Retrotech demonstrates this engineering firms success and is great news for the Greater Rochester region, said Empire State Development President, CEO & Commissioner Kenneth Adams. Our goal is to continue to make smart investments that support job creating projects and we look forward to the ribbon cutting of the new facility in Henrietta along with the hiring of two dozen additional employees.
A rendering for Retrotechs new building is located here http://www.governor.ny.gov/assets/images/John_St_Retrotech_Rendering_2-3-14.jpg
Retrotech delivers complex and custom engineered solutions to the material handling industry for clients such as P&G, Frito-Lay, Cargill and other Fortune 1000 companies and private companies. Its capabilities are focused on automation solutions, which include robotics, automated storage and retrieval systems, automated conveyor and palletizing systems, automated order fulfillment systems and various other mechanical systems. These mechanical systems are controlled and supported by Retrotechs software products, which include products from machine control software to total supply chain software that manages inventory movement from production to consumption.
New York State Senator Patrick M. Gallivan said, Retrotechs growth and expansion is illustrative of Rochester and Western New Yorks economic potential. High-tech manufacturing and its associated industries are poised to grow in our region because of our second-to-none workforce and world-class institutions of higher education. I applaud Retrotechs commitment to Greater Rochester and look forward to their continued success.
New York State Assemblymember Harry Bronson said, I applaud Retrotech, Savoye, Paul Deveikis and his team for choosing to stay in New York, and more importantly, investing in the Town of Henrietta. Their commitment once again demonstrates that the Rochester region can and does offer the resources needed for businesses to expand and grow. I want to thank Governor Cuomo and his team for providing the encouragement to Retrotech that allowed them to make this investment, and I look forward to their continued success.
Monroe County is proud to play a role in bringing Retrotech, a growing regional employer, to a brand new facility in the Town of Henrietta, said Monroe County Executive Maggie Brooks. Not only does Retrotechs expansion here represent the relocation of a successful company to our community from a surrounding county, they also chose our area over a major metropolitan hub like Chicago to invest in and do business. Retrotech is the kind of advanced, automated engineering enterprise that is tailor-made for our area's highly-skilled local workforce, and Monroe County is excited to welcome the company home to their new facility in our community.
Town of Henrietta Supervisor Jack Moore said, We look forward to welcoming Retrotech Inc. into our Henrietta Business Community. Retrotech will not only provide new jobs, they will invest in our community, building a stronger relationship with Rochester Institute of Technology and area food manufacturers. We support and wish Retrotech much continued success.
About Retrotech, Inc.Retrotech, Inc. is a wholly owned subsidiary of Savoye and a member of Legris Industries Group. Retrotech and Savoye are leaders in automated order fulfillment products and solutions. With a global presence spanning 22+ countries, Retrotech helps warehouses/distribution centers improve their order fulfillment operations to become more productive, flexible and reliable.
Since 1985, Retrotech has provided exceptional project management and technical expertise combined with unparalleled design, installation, modernization, and support of automated material handling and order fulfillment / e-commerce systems. Retrotech project experience includes: automated material handling systems such as pallet and unit loads, as well as, case, totes and tray handling systems, WMS/WCS software, goods-to-person systems, cross dock/consolidation processes, conveying and sortation equipment, simulation/emulation capabilities, and 24/7 customer service availability. For more information visit www.retrotech.com.