$58.4 Million Project Will Create More Than 620 New Jobs
Investment Complements "Finger Lakes Forward" - the Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Andrew M. Cuomo today announced that Paychex, Inc., a payroll and human resource services company, will move its operations from leased facilities throughout Monroe County to one centralized location in a new multi-building campus in the town of Henrietta. As part of the $58.4 million project, the company will acquire five parcels of property and renovate more than 300,000 square-feet of existing space at the site. Paychex will also retain locations it currently owns in the towns of Brighton, Henrietta, Webster, Penfield, and its company headquarters located in Rochester. The project, which is currently underway, is expected to be completed in July of 2018 and will create 625 new full-time jobs over the next five years.
"This project will help ensure Paychex remains a major economic driver for Monroe County and the surrounding communities and provides quality jobs for hard-working New Yorkers throughout the region," Governor Cuomo said. "By supporting the company's expansion and growth in the Finger Lakes, we will help create hundreds of job opportunities and continue moving the region forward."
Founded in 1971, Paychex, Inc. has nearly 14,000 employees, including approximately 4,400 in Monroe County, who serve more than 600,000 small-to medium-sized businesses across more than 100 locations nationwide. The company is a leading provider of human capital management solutions for payroll, HR, retirement, and insurance services.
To encourage Paychex to invest $58.4 million and proceed with this expansion, Empire State Development has offered up to $11.5 million through the Excelsior Jobs Program in exchange for job commitments, and a Finger Lakes Forward Upstate Revitalization Grant of up to $2.5 million has been committed to the project.
Paychex President & CEO Martin Mucci said, "Paychex is growing, and this project reflects that growth. As we continue to invest in our technology-enabled service and expand our human capital management product offerings, we will look to hire, train, and retain the talent to support our growth. We'll be adding over 600 people over the next five years- primarily in the areas of technology, product development, and sales - and the economic impact to the Rochester community is meaningful. We are grateful for the investment New York State is making in ensuring that Paychex grows in our hometown."
Empire State Development President & CEO Howard Zemsky said, "Under Governor Cuomo's leadership, New York State has significantly improved the business climate and shined a spotlight on regional strengths. The decision by Paychex to invest and grow its' successful enterprise in the Finger Lakes region will serve to strengthen the local economy by creating hundreds of new jobs."
FLREDC Co-Chair and Wegmans Food Markets Chairman Danny Wegman and Monroe Community College President Anne Kress said, "We want to thank Governor Cuomo for his efforts to support Upstate which will help this established company's continued growth ensuring that it remains a very important part of our regions' economic future. Supporting companies like Paychex is an incredibly important part of the Finger Lakes Forward economic development plan which is busy creating opportunity in the region."
"By supporting the Paychex's expansion and growth in the Finger Lakes, we will help create hundreds of job opportunities and continue moving the region forward."
Senator Patrick Gallivan said, "Paychex has a long history in Monroe County and this investment and planned expansion shows the company's continued commitment to the area. The hundreds of new, good-paying jobs to be created over the next several years will contribute to the continued economic growth of the Finger Lakes region."
Assemblyman Harry Bronson said, "I applaud Martin Mucciand Paychex for their continued commitment to our region. Today's announcement by the company and Governor Cuomo shows that the Rochester area has a strong skilled workforce and is in an economic position to create jobs for the future. I look forward to Paychex's growth and the addition of new jobs at their new Henrietta campus."
County Executive Cheryl Dinolfo said, "As a nationwide leader in payroll and human resource support services, Paychex provides businesses with the tools they need to successfully run their operation. This expansion project, with the assistance of Imagine Monroe and our State partners, will secure over 600 new, local jobs for local employees in the next 5 years and solidify Paychex's significant presence in Monroe County - a big win for our community. Monroe County is open for business!"
For more information about Paychex Inc., click here.
Accelerating Finger Lakes Forward
Today's announcement complements "Finger Lakes Forward," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $3.4 billion in the region since 2012 to lay the groundwork for the plan - investing in key industries including photonics, agriculture and food production, and advanced manufacturing. 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 Rochester, Batavia and Canandaigua as a destination to grow and invest in.
Now, the region is accelerating Finger Lakes Forward 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 8,200 new jobs. More information is available here.