ON Semiconductor plans to add more than 30 jobs at its Eastman Business Park facility over the next two years.
ON is focused on energy efficient innovations in an effort to reduce global energy use. The manufacturer offers a portfolio of more than 80,000 energy efficient power management, analog, sensors and custom devices used in computing, consumer, industrial, medical and military applications.
“Manufacturing is a core competency for ON Semiconductor and the majority of On Semiconductor’s manufacturing operations are done internally through the company’s industry leading cost structure,” said ON’s executive vice president and chief operating officer Bill Schromm, in a statement.
Empire State Development is helping to facilitate the company’s growth in New York through a $4.3 million Finger Lakes Forward Upstate Revitalization Initiative Grant, and the company also will receive $1.7 million in tax credits through the Excelsior Jobs Tax Credit Program in exchange for job creation commitments.
ON plans to invest more than $1.6 million in facility and equipment upgrades. The expansion will retain some 185 staffers.
“Our regional efforts to breathe new life into Eastman Business Park are energized by companies like ON Semiconductor, which will soon be expanding their operations,” said Empire State Development President, CEO and Commissioner Howard Zemsky, in a statement. “This is further proof that innovative companies are realizing that the Finger Lakes are a great place to grow and that our Finger Lakes Forward economic development plan is working.”
ON Semiconductor also is home to the American Institute for Manufacturing Integrated Photonics headquarters and its testing, assembly and packaging facility. The expansion is expected to be completed in December 2018.
“The revitalization of Eastman Business Park and assisting innovative companies like ON Semiconductor are top priorities for the FLREDC and the region’s Finger Lakes Forward Initiative. The locally crafted economic development plan has put the region on the right path, providing this innovative company with the confidence it needs to expand and grow in Rochester,” said Finger Lakes Regional Economic Development Council co-chairs, Anne Kress and Bob Duffy.
EBP supports more than 100 companies, employing more than 6,000 people.
“Today marks yet another significant boost for the Rochester economy and is further evidence that Eastman Business Park is one of the most sought-after locations for research and development of innovative technologies that will help our community thrive now and in future generations,” said State Assembly Majority Leader Joe Morelle. “I thank ON Semiconductor for choosing to expand and invest in our region, and I am grateful to Empire State Development for their continued commitment to moving the Finger Lakes forward.”
Follow Velvet Spicer on Twitter: @Velvet_Spicerd