High-Tech Company Cuts Ribbon on New Office at Building Located at Converted Old Kodak Campus in Henrietta
Investment in State-of-the-Art Company Complements "Finger Lakes Forward" - the Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Andrew M. Cuomo today announced that Innovative Solutions has officially marked the company's move to its new location in the Town of Henrietta. The software development company has relocated to a 19,000-square-foot facility on East River Road, repurposing a building at the former Eastman Kodak Marketing Education Center. The facility, now dubbed the Riverwood Tech Campus, is being developed to service the region's developing collaborative technology companies' industry. The state's investment in the state-of-the-art company complements "Finger Lakes Forward"—the region's comprehensive strategy to revitalize communities and grow the economy.
"New York State and the Finger Lakes region in particular are home to some of the most talent-rich tech companies in the industry," Governor Cuomo said. "Supporting businesses like Innovative Solutions that invest in the area and support a 21st century economy while creating good-paying jobs helps generate new opportunities and move the Finger Lakes forward."
"The opening of Innovative Solutions in a repurposed building at the former Eastman Kodak Center is creating new ideas in old spaces," said Lieutenant Governor Kathy Hochul, who made today's announcement. "With their expansion, the software company already hired 10 employees in Henrietta, some from the local talent pool at the Rochester Institute of Technology. This investment is growing the high-tech industry and creating new opportunities for residents, while continuing to move the economy of the Finger Lakes region forward."
Innovative Solutions' new space is home to an innovative lab and a tech startup "launch-pad" that will aid the company in recruiting recent graduates from local universities in the Finger Lakes Region. The expansion will allow the company to create up to 15 new jobs. In fact, 10 new employees have been hired since the first of the year; four were recruited from the Rochester Institute of Technology. In addition, close to 70 jobs were also retained as a result of the move.
The new space also features: 30-foot ceilings; an amphitheater-style open-office concept; a state-of-the-art Innovation Lab; gourmet kitchen for employee use; "think tank" rooms; support for up to 12 tech-focused startups co-inhabiting within the space; more than 30 miles of hiking and biking trails; a one-of-a-kind food truck pavilion; and beautiful views of the Genesee River. Supporting the growth of high-tech industries in the region is an integral part of the regionally designed Finger Lakes Forward economic development plan.
Empire State Development President, CEO & Commissioner Howard Zemsky said, "Successful, growing companies like Innovation Solutions reinforce the Finger Lakes Region's reputation as a national leader for high-tech innovation by generating high-quality jobs that build on the region's momentum and drive the economy forward."
Innovative Solutions CEO Justin Copie said, "Innovative is so fortunate to be in the right place at the right time and have the opportunity to take a piece of history and call it home. We honor the past, but recognize the future requires constant innovation and focus on people. We are extremely appreciative of the resources and focus from government entities such as NYS, Monroe County and the Town of Henrietta. Together we win, helping create the east coast Silicon Valley."
Founded in 1989, Innovative Solutions brings together forward-thinkers and problem-solvers, teaming up strategists, engineers, developers, and designers. They collaborate on innovative technology solutions for small-to-midsize businesses around Upstate NY in areas including:
- IT Consulting
- Application & Database Services
- Business Continuity
- Consumption-Based IT Services
- Data Storage & Archiving
- Information Security Services
- IT Services
- Virtualization & Cloud Services
To facilitate Innovative Solutions growth, Empire State Development offered tax credits of up to $500,000 through the Excelsior Jobs Program in exchange for job creation commitments. The total project cost was little more than $2.1 million.
Innovative Solutions has been recognized for its exceptional culture by being named one of Upstate NY's Top Work Places, nationally, a Great Place to Work, Rochester's Best IT Outsourcing Firm, Rochester's Best Software Developer, Rochester's Best Web Design Firm, and one of the top companies in Best Company to Work for (50-149 Employees).
State Senator Patrick Gallivan said, "The investment that Innovative Solutions is making in its new headquarters sends a positive message to like-minded technology companies that Henrietta and Monroe County is a great place to do business. The jobs being retained and those being created will make it possible for more residents to live, work and raise a family in the Finger Lakes region."
State Assembly Member Harry Bronson said, "I applaud Governor Cuomo, Innovative Solutions CEO Justin Copie, and Empire State Development for working to make this deal a reality. Recruiting and retaining high tech workers is vital to the future of our economy, and this deal will create new job opportunities for the graduates of our region's top universities and for all those who call our community home"
Monroe County Executive Cheryl Dinolfo said, "I'm thrilled to welcome Innovative Solutions into their brand new location at Riverwood, because I believe this company and this project really represent the best of our efforts to grow more jobs across Monroe County. By working side-by-side with a successful local developer and several growing tech companies, Monroe County has been able to secure over 200 current and future jobs at Riverwood alone. I thank Riverwood's Fred Rainaldi, Sr., Fred Rainaldi, Jr., and Innovative Solutions CEO Justin Copie for their commitment to doing business here."
Henrietta Town Supervisor Stephen Schultz said, "The Town of Henrietta is in full support of efforts to redevelop existing facilities rather than pave over existing green space. Few existing facilities have as much beauty and appeal as the former Kodak facilities, now the Riverwood Tech Campus, and so we were very excited about the Rainaldis' efforts to breathe new life into this wonderful site along the Genesee River. Securing key tenants is a big part of that, so we were pleased to learn that Innovative Solutions would be willing to make Henrietta their new headquarters. I have always been frustrated that the creative students and faculty at RIT build great high-tech businesses and then often locate elsewhere. It is nice to see Innovative Solutions, a growing high-tech business built by RIT alumni, moving to town and anchor the efforts to revitalize this facility. I am very excited to see these efforts continue to grow."
Rochester Institute of Technology President David Munson said, "We at RIT are delighted to welcome Innovative Solutions to Henrietta. We wish the company and CEO Justin Copie, an RIT Saunders College of Business alumnus, much success in their future endeavors. And we thank them for their confidence in hiring our graduates, who we know will make excellent members of the company's team."
Finger Lakes Regional Economic Development Council Co-Chairs, Monroe Community College President Anne Kress and Greater Rochester Chamber of Commerce President and CEO Bob Duffy said, "The Finger Lakes REDC is committed to creating a high-tech ecosystem for cutting-edge companies like Innovative Solutions. This forward-thinking company is helping to create 21st century jobs which will fuel the continued growing economic momentum happening in the Finger Lakes region."
For additional information on Innovative Solutions, 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 $6.1 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.