October 5, 2022

FDI Forum

Earn the right Invest

Governor Hochul Announces Corning Incorporated’s $139 Million Investment to Expand Operations in Monroe County

Headquartered in Corning, New York, the company is a massive employer in New York with far more than 7,000 staff members across the point out and around 62,000 worldwide.

Empire State Growth is aiding Corning with the planned enlargement by delivering up to $5 million in performance-based Excelsior Careers Tax Credits in exchange for the position creation and expense commitments. Monroe County and Greater Rochester Company are also helping with the projects. The whole task expense for the growth at both of those facilities has been placed at $139 million.

Empire Point out Progress President, CEO and Commissioner Hope Knight said, “The two Corning and the Finger Lakes Area are synonymous with innovation, and this hottest investment and growth challenge reflects the firm’s historic determination to New York State and Monroe County. Firms like Corning can plainly see the power of the region’s optics sector, as properly as the state’s management in semiconductor production. That effective mix is even further fueling a tech ecosystem, supported by a extremely proficient and talented workforce, that is making extended-term financial growth and prospect.”

Senator Chuck Schumer reported, “270 new, great-paying positions and a historic $139 million expense by Corning will supercharge Monroe County, positioning the Finger Lakes as a ongoing worldwide leader in laser optics and more cementing Upstate New York as a semiconductor production hub. Rochester’s powerhouse workforce is second to none and prepared to develop the long term of American production. I applaud Corning Inc. for this major financial investment that will aid travel Monroe County and America’s financial future in tech production. Rochester is unquestionably currently a planet chief in the optics industry and this new enlargement will lay the foundation to produce more jobs, to far better protected U.S. supply chains, and to boost the country’s competitiveness for yrs to appear.”

Senator Kirstin Gillibrand explained, “This $139 million investment decision is amazing information for Monroe County. Corning’s growth of its operations will build hundreds of work opportunities and bolster semiconductor creation proper here in New York as chips are desperately essential on a world wide scale.”

Consultant Joe Morelle said, “The optics and photonics field is essential to keeping our area’s posture as leader in world innovation. I’m grateful Corning has preferred Monroe County for this expansion which will not only improve our increasing superior-tech financial system but also make hundreds of employment domestically. I appreciate Governor Hochul’s leadership and seem ahead to our continued do the job jointly to develop employment, grow our qualified workforce, and bolster our region’s economic advancement.”

Point out Senator Jeremy Cooney stated, “I am thrilled to welcome Corning Included into the Town of Gates. As a global, impressive employer, Corning is well-suited to meet up with the growing wants of the semiconductor industry although fostering financial growth in our location. I am grateful to Governor Hochul for supporting a lot more very good-shelling out work in Larger Rochester as a earth-renowned chief in optics.”

Assemblymember Harry Bronson reported, “I applaud the group at Corning Integrated for their dedication to our area. Present-day announcement by the company and Governor Hochul shows that the Rochester region has a strong, varied, and proficient workforce and is in an economic place to create work opportunities for the future. I look ahead to Corning Integrated progress and the addition of new positions at two Monroe County campuses.”

Assemblymember Jen Lunsford claimed, “We are so very pleased to be property to just one of Corning’s planet class superior optics facilities. Corning’s Fairport business office performs crucial operate and supplies to start with class instruction to produce the workforce we will need to proceed our leadership in the subject of optics. The special skill established of our region’s personnel would make this an excellent group to develop into and I am grateful that Corning shares that view. These new work opportunities in Fairport will provide higher chances for our neighborhood to increase!”

Assemblymember Demond Meeks reported, “As a state representative serving both of those the City of Gates and the City of Rochester, I am grateful to Corning Included for delivering meaningful investments to the users of our local community. Their growth reaffirms our enduring legacy as a middle for both equally reducing-edge innovation and leadership. As we function in the direction of revitalizing our metropolis, we ought to carry on to present very well-paying careers and meaningful careers for the people today of Greater Rochester. I want to thank Corning Included for demonstrating its continued commitment to our inhabitants and people for generations to come.”

Assemblymember Sarah Clark reported, “I commend Corning for their commitment to Monroe County, recognizing the strength of our region. The Higher Rochester area is primed to aid this type of growth, with our flagship universities and our expense in creating a qualified workforce. Thank you Governor Hochul and Empire State Progress for your leadership and support to mature our regional economic system.”

Monroe County Executive Adam Bello said, “Corning Inc. is an iconic company with a extended heritage of cutting-edge innovation and management. Corning clearly regarded the rewards of expanding its functions in Monroe County, an space lately named as the place greatest positioned to soar-start our nation’s innovation economic system. Our region’s 19 acclaimed faculties and universities ensure we present the very proficient and gifted workforce required to meet up with the calls for of present-day superior-tech optics, photonics and imaging corporations. I thank Corning Inc., Governor Kathy Hochul and Empire Condition Advancement for their continued investment decision in our neighborhood economic climate.”

Village of Fairport Mayor Julie Domaratz said, “The Village of Fairport is thrilled that Corning Included has picked to expand operations below. This challenge will provide new jobs and chances to our local community and supports the Village’s eyesight of currently being a exclusive place drawing folks to reside perform and take a look at – Fairport on the Increase.”

Patricia Nilsen, President and CEO of New York Point out Electrical and Fuel and Rochester Fuel and Electric mentioned, “We are enthusiastic to even further our lengthy-standing partnership with Corning Inc. by supporting the Firm’s growth in Monroe County and the hundreds of positions it delivers to the location. We are deeply committed to the communities we serve all over New York, and the talented, really qualified workforce that resides here will make it a prime area for modern firms to call house. NYSEG and RG&E and our economic development team stand ready to support this form of innovation and growth.”

Higher Rochester Chamber of Commerce President and CEO and Finger Lakes Regional Economic Enhancement Council Co-Chair Bob Duffy claimed, “Unparalleled talent, technological know-how, and sources merge to make the Higher Rochester/Finger Lakes area a world wide epicenter of optics, photonics, and imaging innovation – and the best site for Corning Inc. to grow their reducing-edge operations. We thank Corning’s Chairman and CEO Wendell P. Weeks, his workforce, and our partners in authorities and financial development for supporting to deliver these two thrilling tasks to fruition.”

Matt Hurlbutt, President and CEO, Bigger Rochester Business claimed, “Corning’s growth in the Increased Rochester, NY area is thanks to the growing desire for the company’s optical methods in the semiconductor field. As the earth leader in optics, Rochester, NY, was the great locale for Corning to discover the very competent expertise and optical schooling systems important to assist its enterprise advancement designs.”

For extra info about Corning, Included, visit: https://www.corning.com/all over the world/en.html.