Cryogenic Equipment Manufacturer Will Consolidate Operations in New 76,000 Square-Foot Facility in the Town of DeWitt; Will Create Almost 20 New Jobs
Investment Complements “CNY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
Empire State Development (ESD) today announced that cryogenic equipment manufacturer Cryomech will consolidate operations in an expanded facility in the Town of DeWitt in Onondaga County. Cryomech, will occupy space in a new, 76,000 square-foot facility at 6682 Moore Road that is owned, by Quantum Cool. The project will allow the company to consolidate its workforce, currently housed in three buildings, into one production facility, adding up to 19 new jobs and retaining its current workforce of 123. Cryomech broke ground on the project today and expects to begin operating in the new space by late summer 2020.
Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, "The continued growth of Cryomech in Central New York supports the strategic and locally focused state initiatives and investments that are fueling the region’s rising momentum and adding to the ongoing revitalization happening across all of Upstate New York.”
Founded in 1963, Cryomech develops and manufactures high-performance cryogenic equipment, including cryocoolers and laboratory-scale helium management systems. The company develops products that cater to the specific needs of researchers and industries in a wide array of fields, including medical, agricultural, energy and aerospace. Half of its sales are highly custom-designed products. Cryomech’s customers are located on all seven continents.
Cryomech President Kelly Wypych said, “This expansion allows Cryomech to grow in pace with our customer’s growth. This new building is custom designed to streamline our operations and increase our production capacity. Our team of employee-owners are deeply committed to growing our business here in Central New York. We are excited to grow our team, serve our customers and support our community.”
ESD is assisting the expansion with a $600,000 Capital Grant, and up to $600,000 through the Excelsior Jobs Program in exchange for job creation commitments. The total project cost has been placed at close to $17 million.
State Senator Bob Antonacci said, “Cryomech’s investment in Central New York will support the economic development and job growth in this region. This is a great project that will help keep the economy growing.”
State Assembly Member Pamela Hunter said, “Cyromech’s expansion and location consolidation further underscores the growth we are experiencing in our region. Central New York will continue to lead in technical innovation and economic opportunity. The new jobs to be created will directly benefit our communities and revitalization efforts.”
Onondaga County Executive Ryan McMahon said, “This exciting project will support the continued momentum and economic development success that our region is experiencing. By leveraging our unique resources and making strategic investments, Onondaga County and Central New York are positioned to continue growing for generations to come.”
Town of DeWitt Supervisor Edward M. Michalenko said, "We’re focused on building a thriving community in DeWitt. A key component of that focus is economic development, jobs, and facilitating positive, prosperous partnerships with future-oriented businesses like Cryomech. Over the years, several of the nation’s most distinguished manufacturing companies have made the Town of DeWitt their home; as a manufacturer of high-tech equipment Cryomech represents the next chapter of manufacturing in DeWitt. We appreciate Cryomech choosing to consolidate their business at the Moore Road site in DeWitt, they are a valued member of our community and an important contributor to job growth in the broader community."
For additional information regarding Cryomech, click here.
Accelerating CNY 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 more than $5.6 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. More information is available here.
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