Governor Andrew M. Cuomo today announced that Arnprior Rapid Manufacturing Solutions Inc., a fabricated metal product manufacturer, has signed a new, seven-year lease to remain at the Eastman Business Park (EBP) in Rochester over moving operations to Tennessee and Connecticut. The company, which will invest $3.68 million into new technology and equipment, will retain 150 jobs and add an additional 30 new jobs. The Finger Lakes Regional Economic Development Council (FLREDC) Strategic Plan identified maintenance and expansion of Eastman Business Park in Rochester as a top priority to grow the regions economy and create jobs.
"For New York State, job one is jobs - especially when it comes to expanding economic opportunities upstate," said Governor Cuomo. "It is because of companies like Arnprior that New York is now ranked number two in the nation in number of jobs created since the recession and why the greater Rochester region is a leader in the field of advanced manufacturing."
Arnprior believes that the Greater Rochester Region has all the attributes necessary for a manufacturing concern to flourish in the current global landscape: an entrepreneurial culture; a skilled workforce; world class universities, community colleges and vocational schools; state and local government policies and initiatives geared toward technology and innovation; and all of the ancillary support services needed for a business to be cost effective in its day-to-day operations, said Arnprior Rapid Manufacturing Solutions, Inc. Vice President and General Manager Chris Howell. We believe that the Eastman Business Park is an excellent venue from which to do business.
Since its formation in 2008, Arnprior has completely re-invented itself, refocusing from a deep-rooted Kodak entity to a company that has nearly 300 active accounts in aerospace, medical, automotive, telecommunications, research and development, and consumer products, said Eastman Business Park Director Michael Alt. Not only are we proud that Arnprior started here, were also pleased that Arnprior is staying here.
Arnprior qualified for up to $600,000 in performance-based Excelsior Jobs Program tax credits from the state in return for its proposed investment and job creation commitments.
When Arnprior was formed in 2008, Eastman Kodak accounted for 96 percent of its business. Today, all but 18 percent of its revenue has been replaced with new business in aerospace, automotive, defense systems and medical markets. Arnprior Rapid Manufacturing combines advanced manufacturing capabilities to deliver metal and plastic components and assemblies with challenging requirements. From prototype to production, plastics to metal, small and large, Arnprior has the capability to collaborate on production needs.
The redevelopment of Eastman Business Park remains a top priority for Governor Cuomo and the Greater Rochester region, said Empire State Development President, CEO & Commissioner Kenneth Adams. Arnprior is a true success story and I am pleased that we were able to assist in their future growth and that their multi-million dollar investment will mean more new jobs for Rochester.
Significant progress has been made in resolving the obstacles to the Eastman Business Parks future growth, enabling it to attract new companies and helping meet the goal of creating 1,800 jobs over the next five years at the site. Arnprior is vital to this plan. In 2013, Kodak and the state agreed to a global settlement that addressed environmental legacy issues at the site; the Parks utility systems were acquired, ensuring stability for the Parks tenants; and Kodak emerged from bankruptcy and committed to maintain significant operations and jobs at the site. The FLREDC believes the Park has turned a corner and is ready to become one of the nations preeminent industrial parks for technological innovation.
Assembly Majority Leader Joseph Morelle said, As the regions top economic development priority we have worked tirelessly to guarantee a bright future for Eastman Business Park. Todays announcement continues to build on the momentum we have worked so hard to create, and is yet another sign of Governor Cuomos commitment to delivering real results for our community. I am thankful for Arnpriors investment in Rochester and I look forward to their continued growth in the Business Park.
Senator Joe Robach said, The Eastman Business Park has undergone a remarkable transformation over the past few years, thanks in large part to the commitment of the Finger Lakes Regional Economic Development Council and the State of New York. Id like to thank Governor Cuomo for joining us in realizing how important Eastman Business Park is to the improvement of the Rochester economy and growth of jobs in our community. The growth and success of Arnprior is a perfect example of how Eastman Business Park has once again become a hub of innovation and development, not only in the Rochester region, but nationwide.
City of Rochester Mayor Lovely Warren said, I welcome this great news from Arnprior Rapid Manufacturing Solutions; and thank them for their commitment to Rochester. If anyone is looking for more proof that Rochester is on the rise, then they need look no further than Eastman Business Park.
About Arnprior Rapid Manufacturing Solutions Inc.Arnprior Rapid is owned by AIAC (American Industrial Acquisition Corporation) which has 39 companies in five countries, most located in North America. Arnprior provides industry with turnkey solutions for all phases of the manufacturing cycle including concept through mass production. The company is headquartered in Rochester. The entire manufacturing operation is AS9100/ISO 9001 Certified. For more information, visit http://www.arnprior-rmsi.com/.