Photonics Manufacturer Plans to Create and Retain More Than 220 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 IDEX Health & Science, LLC will expand its optics and photonics operations in Henrietta, Monroe County by establishing an Optical Center of Excellence. The new center will support the company's life science, semi-conductor, and defense businesses. IDEX Health & Science had considered moving its operations out of New York State. The company plans to eventually lease close to 100,000 square-feet in a newly constructed facility and will create up to 34 new full-time jobs; 186 jobs will be retained as a result of the state's investment. The company expects to break ground on the project this fall.
"The Finger Lakes is a growing global hub for the optics, photonics and imaging industries helping to spur economic growth and create jobs across the region," Governor Cuomo said. "With this expansion, this successful company will stay in the region, creating jobs for New Yorkers while continuing to push the Finger Lakes forward."
As part of the expansion project, IDEX Health & Science will install high-tech machinery and equipment in the new space and install cleanroom space on-site. The company will initially occupy 83,000 square-feet of the new build, with plans for future expansion.
Gus Salem, President, IDEX Health & Science said, "We selected the Rochester area for our new facility due to its strong history in optics technology and its base of people, universities and supporting businesses. We are pleased we can maintain our base of existing employees and business functions in the Finger Lakes Region. We are very thankful for the support of Empire State Development, New York State, and local governments that helped make this project possible."
Empire State Development President, CEO & Commissioner Howard Zemsky said, "IDEX Health & Science is one of the many successful photonics manufacturers in the Finger Lakes region. The area is home to over 100 local optics, photonics and imaging companies which are utilizing the regional workforce and technology base to expand and create jobs."
To encourage IDEX Health & Science to expand its operations in New York State, Empire State Development will provide up to $2.4 million through the Excelsior Jobs Program in exchange for job creation commitments.
The global photonics company specializes in fluidics and optics serving the life sciences, semiconductor, and defense markets. Product offerings include: connections, valves, pumps, degassers, column hardware, manifolds, microfluidics, consumables, integrated fluidic assemblies, filters, lenses, shutters, laser sources, light engines and integrated optical assemblies.
For more information about IDEX Health & Science click here.
State Senator Patrick Gallivan said, "New York's investment in IDEX Health and Science and the company's commitment to establish an Optical Center of Excellence is a vote of confidence in the highly skilled workforce and resources of the region. Retaining and creating 220 local jobs will further add to the economic growth we have seen throughout the Finger Lakes in recent years."
Assemblymember Harry Bronson said, "I applaud Gus Salem and IDEX Health and Science for their commitment to our region. Today's announcement by the company and Governor Cuomo shows that the Rochester area is in a strong educational and economic position to create jobs for the future."
County Executive Cheryl Dinolfo said, "Monroe County is a proven destination for growing businesses and it is no surprise that IDEX Health & Science, LLC has chosen to expand right here in our community. By working collaboratively with state and private leaders we are able to retain and attract thriving businesses which create long-term job opportunities for local workers. True to our values and ideals, we are poised to continue the rich tradition of entrepreneurism, innovation and ingenuity embraced by George Eastman and the business pioneers of the Rochester region."
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.
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