A Wayne County manufacturer is planning to grow its operations in the town of Savannah. The move is expected to add or retain more than 60 jobs.
Pearl Technologies, an industrial cutter manufacturer, will renovate and upgrade its Seneca Street headquarters and manufacturing facilities, moving a portion of its operations to a second building located on the company’s industrial campus.
The project will enable the production of industrial knives, replacing manufacturing that is currently being done outside the U.S.
“This investment reflects both the strength of our existing business and our commitment to Savannah, N.Y.,” said Pearl Technologies President Jane Coyne. “I’d like to thank the state of New York for their support in enabling us to grow.”
Empire State Development is offering up to $200,000 in Excelsior Tax Credits in exchange for job creation commitments. The company plans to add up to 20 new jobs, while more than 40 will be retained. The total project cost is nearly $2 million and completion is expected in the first quarter of 2022.
The Wayne County Industrial Development Agency also is working with the company.
“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,” said Sen. Pam Helming, R-Geneva. “Thank you to Empire State Development, Wayne Count and Brian Pincelli, and all those supporting this project and our small business job creators.”
Pearl Technologies was founded in 1985 and is a subsidiary of EDGE Industrial Technologies. The company designs and manufactures standard and custom high-speed machine attachments for punching holes, perforating and slitting for the converting industry, among other services.