Empire State Development Announces Pearl Technologies Will Expand Operations in Wayne County

Industrial Cutter Manufacturer to Add and Retain More Than 60 Jobs at its U.S. Headquarters in the Town of Savannah

Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy

Empire State Development (ESD) today announced that industrial cutter manufacturer Pearl Technologies is ready to grow its operations in the Town of Savannah, Wayne County.  Pearl Technologies will renovate and upgrade its Seneca Street headquarters and manufacturing facilities, moving a portion of its operations to a second building already located on the company’s industrial campus. The project will facilitate the production of industrial knives replacing manufacturing that is currently being outsourced overseas.

Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “New York is committed to a supporting the statewide growth and success of innovative, high-tech manufacturers. Pearl Technologies’ decision to expand its Wayne County operations will allow the plastics industry leader to service more global clients, while creating top-quality, 21st century jobs that will fuel the Finger Lakes regional economy for years to come.”

Founded in 1985, Pearl Technologies, a subsidiary of EDGE Industrial Technologies, originally focused on the manufacturing of consumable parts for machinery and equipment, producing a product line of plastic punches for the manufacturing of flexible film bags. Today, the company additionally designs and builds standard and custom high-speed machine attachments for punching holes, perforating and slitting for the converting industry among other services. Pearl Technologies is recognized as a leader in the plastics industry, securing over two-dozen patents and offering a lineup of over 3,000 solution-driven products, servicing thousands of customers in every continent of the world.

Pearl Technologies President Jane Coyne said, “This investment reflects both the strength of our existing business and our commitment to Savannah, NY.  I’d like to thank the state of New York for their supporting in enabling us to grow.”

ESD is assisting the company with the expansion project with up to $200,000 in Excelsior Tax Credits in exchange for job creation commitments. The company plans to add up to 20 new jobs; over 40 jobs will be retained. The total project cost is nearly $2 million. Now underway, the company expects the facility renovations to to be completed in the first quarter of 2022. The Wayne County Industrial Development Agency is also working with the company.

State Senator Pam Helming said, “Pearl Technologies is a leading innovator in the plastics industry and a valued local employer. Thank you to President Jane Coyne and the entire company for its increased investment and commitment to creating additional job opportunities in Savannah and Wayne County. Thank you to Empire State Development, Wayne County and Brian Pincelli, and all those supporting this project and our small business job creators.”

State Assemblyman Brian Manktelow said, “This is a great win for Wayne County and our community. Not only do we have a world class leader in the plastics industry, but we have a business choosing to invest and develop in our region. With this growth, Pearl Technologies will be able to serve their already robust clientele in 35 countries and continue to develop patents on the hard work of Wayne County residents. I want to thank you Jane Coyne and the all the Pearl Technologies family for your dedication to our community.”

Wayne County Industrial Development Agency Director Brian Pincelli said, “We are very happy to see growth at Pearl Technologies in the Town of Savannah and appreciate the support of ESD and our utility partners. Pearl’s history of innovation with over two-dozen patents is a testament to their continued attention to market changes and adoption of technology.”

For additional information about Pearl Technologies, visit https://www.pearltechinc.com/.

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 $8.07 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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Shari Voorhees-Vincent | [email protected] | (585) 399-7055
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