Company Plans to Add More Than 100 New Jobs While Retaining Nearly 900 Jobs in Central New York
Investment Complements "Central NY Rising" - Region's Successful Economic Development Blueprint to Grow the Economy and Create New Opportunities
Governor Andrew M. Cuomo today announced that global medical technology company Hill-Rom Holdings, Inc. has officially opened the facility expansion at its subsidiary, Welch Allyn in Skaneateles Falls, Onondaga County. The company announced in September 2016 its commitment to bring more than 100 new jobs to Skaneateles Falls, while retaining nearly 900 existing positions in Central New York, where Welch Allyn has maintained a significant presence for more than 100 years.
"For more than 100 years, Welch Allyn has been a key economic driver for Central New York," Governor Cuomo said. "The company's commitment to this region has helped generate business momentum and growth, and by investing in their continued success and the creation of new jobs, New York is supporting the overall CNY Rising strategic plan that is helping bolster the Upstate economy."
"During the Welch Allyn transition in 2015, I personally met with the leaders at Hill-Rom on behalf of the state and was so proud that we secured a commitment for the company to continue operations here in Central New York," said Lieutenant Governor Kathy Hochul, who took part in the ribbon cutting event today."Welch Allyn has a long and storied history here in New York, and their strategic partnerships with companies like Tessy Plastics helps to drive economic activity and job creation. Their expansion is great news for Central New York and all of upstate. It is yet another tangible result of our economic development strategy that is delivering for all New Yorkers."
To date, the company has already created 60 new jobs and is on track to meet job creation goals. Hill-Rom's new facility will help accommodate the new positions and potential future growth for its Front Line Care business, of which medical device company Welch Allyn is the largest component. It will also allow for centralization of local warehousing and distribution operations.
Empire State Development worked with the company to help grow its operations in Skaneateles Falls. ESD has provided Hill-Rom an incentive package of up to $12.3 million, including $6.3 million in performance-based Excelsior tax credits and a $6 million CNY Rising Upstate Revitalization Initiative grant - both of which are tied directly to job creation and investment commitments. The Onondaga County Industrial Development Agency also approved local incentives for the project.
Chicago based Hill-Rom Holdings, Inc., is a leading global medical technology company whose products, services and more than 10,000 employees worldwide, help people get better care inside and outside the hospital. The company's innovations in five core areas - Advancing Mobility, Wound Care and Prevention, Patient Monitoring and Diagnostics, Surgical Safety and Efficiency, and Respiratory Health - improve clinical and economic outcomes and ensure caregivers in more than 100 countries have the products they need to protect their patients, speed up recoveries and manage conditions. Hill-Rom acquired Welch Allyn in 2015.
Welch Allyn and Front Line Care Business President Alton Shader said, "The contributions of our Welch Allyn team enable Hill-Rom to help people get better care inside and outside the hospital, and we are energized about our expansion and the new jobs we have brought to Skaneateles Falls. We are grateful to Governor Cuomo and Lieutenant Governor Hochul, Empire State Development, Senators Schumer and Gillibrand, Congressman Katko, State Senator DeFrancisco and Assemblyman Finch, County Executive Joanie Mahoney, the Onondaga County Office of Economic Development, the Onondaga County Industrial Development Agency, the Central New York Regional Economic Development Council and the Town of Skaneateles for their commitment and support."
Empire State Development President, CEO & Commissioner Howard Zemsky said, "Welch Allyn is synonymous with Central New York, where it has become engrained in the community and the regional economy. The company's continued growth - more than a century after first opening its doors - is a testament to the state's improved business climate, and will further strengthen the local economy while creating 100 new jobs for Central New Yorkers."
Onondaga County Executive Joanie Mahoney said, "Welch Allyn's investments are creating good paying jobs and supporting the economic success of this entire region. Today we are thrilled to celebrate the grand opening of their new 21st century facility as the company continues to grow here in Central New York. We appreciate their commitment to our community and their continued success for years to come."
Central New York Regional Economic Development Council Co-Chairs Dr. Danielle Laraque-Arena, President and Health System CEO, SUNY Upstate Medical University and Randy Wolken, President & CEO of the Manufacturers Association of Central New York (MACNY) said, "The regional council is committed to making strategic investments in our efforts to promote business development and job growth. It is because of Governor Cuomo's vision for Central New York that this project has been possible. The vision is an important part of the regional CNY Rising economic development plan which is working to help businesses grow and thrive."
For more information about Hill-Rom Holdings, Inc. click 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.
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