ESD Announces Photonics Manufacturer Sydor Technologies To Open New Headquarters in Monroe County

Company Plans to Double its Workforce in New Facility in the Village of Fairport

June 14, 2018

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

Empire State Development (ESD) today announced that photonics manufacturer Sydor Technologies, a global provider of advanced x-ray detectors and diagnostic instrumentation for the energy, research, and defense industries, will establish its new headquarters and manufacturing operations in the Village of Fairport, Monroe County. The relocation will include the purchase and renovation of a 41,000 square-foot building at 78 Schuyler Baldwin Drive. The project will include the installation of manufacturing equipment, research and development labs and clean room space. As a result of the expansion, Sydor Technologies plans to double its workforce. To assist the company, ESD has offered up to $900,000 through the Excelsior Tax Credit Program which is linked to the creation of up 36 new jobs over the next five years; 23 jobs will be retained. Monroe County is also providing incentives for the project.

Empire State Development President, CEO & Commissioner Howard Zemsky said, “Sydor Technologies decision to continue to grow its operations in Monroe County speaks to the strength of the local workforce and the area’s reputation as a global photonics industry leader."

Founded in 2004, Sydor Technologies provides custom products for high speed imaging and diagnostics. The company is also commercializing new technology developed in partnership with national laboratories and universities including the University of Rochester’s Laboratory for Laser Energetics.

Sydor Technologies President and CEO, Michael Pavia said, “This is another big step for our company as we continue to grow and service our global customers with new and innovative products.  Having a world class facility right here in Rochester is critical to our future.  Rochester has always been home to the Optics, Photonics, and Imaging industry and we are happy to be part of that legacy and its continued growth.  I would like to thank Governor Cuomo, the University of Rochester/LLE, NYS Empire State Development and Imagine Monroe for recognizing the importance of this project and providing the necessary support for us to be successful.”

“I want to thank Governor Cuomo and New York State for supporting and investing in the future of Sydor Technologies,” said Mike Campbell, Director of the University of Rochester’s Laboratory for Laser Energetics. “Sydor is a key partner in support of our efforts to strengthen national security and spur scientific innovation. This is another great example of public-private partnerships between the University, business and government that is fueling the Finger Lakes region’s optics, photonics and imaging industry.”

The regionally designed Finger Lakes Forward plan identified the optics, photonics and imaging industries (OPI) as being a crucial part of the regions economic future. Not only is the region home to the AIM Photonics Testing, Assembly and Production facility, but to the University of Rochester’s Institute of Optics, the Rochester Institute of Technology and to over 100 local OPI companies.

State Senator Rich Funke said, “The announcement from Sydor Technologies is most certainly another win for our region, one that will provide additional opportunities for our growing workforce right here in New York State. The tremendous boost in our high-tech industry throughout the Rochester and Finger Lakes region is reflective of the highly skilled individuals who live here.  As the senator who chairs New York State’s Cultural Affairs, Tourism, Parks and Recreation Committee and also serves as a member of the Commerce, Economic Development and Small Business Committee, I remain committed to listening to the needs of businesses and supporting them in our work to grow our economy.”

State Assemblyman Mark Johns said, “I am thrilled to see Sydor Technologies continued investment in the Finger Lakes region. The expansion in Monroe County will bring more high-tech full-time jobs to the area over the next five years, providing more opportunities for area residents.”

County Executive Cheryl Dinolfo said, “It was an honor to recognize Sydor Technologies in my recent State of the County Address because the company is a great example of a local employer that chose to grow more jobs right here at home with Monroe County’s help. I thank Sydor for their continued commitment to doing business in Monroe County and I appreciate their latest investment in local jobs and our economy.”

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 $5.2 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.

 

Contact:
Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055
Press Office | pressoffice@esd.ny.gov | (800) 260-7313