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IEC Electronics Corp. and New York State Governor Andrew Cuomo today announced that IEC will open a new state-of-the-art manufacturing facility in Newark, N.Y. The new 150,000 square foot facility, which will be located at the Silver Hill Technology Park, is projected to open in mid-2019. This business expansion is expected to create 362 new jobs while retaining 463 positions in New York State.
Jeffrey T. Schlarbaum, president and CEO of IEC Electronics commented, “We are pleased that as we grow we can continue to be a part of this great community and remain in Wayne County. IEC has made its home in Newark since 1973 in a 100 year old former paper factory building that would require extensive capital investment to modernize the facility. Constructing this new building enables us to design, from the ground up, a state-of-the-art, advanced technology facility that can support our growth as a leading U.S. based provider of electronic manufacturing design and production services for life-saving and mission critical products. We partner with some of the leading and most innovative global companies that choose to outsource the manufacturing of their products in the United States, and we believe this custom facility will offer our growing customer base unmatched capabilities for their manufacturing needs. We’d like to thank Governor Cuomo and Empire State Development for their support and assistance enabling us to reinvest in upstate New York and build on IEC’s long and successful history as a Newark based company.”
“New York will continue to work with businesses as they expand and grow to ensure good-paying jobs remain in our communities,” Governor Cuomo said. “By investing in IEC Electronics’ expansion in the Wayne County, New York has retained a long-standing community business, while supporting the creation of hundreds of new jobs that will help the region continue to move forward.”
IEC’s facility expansion is expected to be a $22 million project, which includes the expected cost of the building, new equipment, and other costs. New York State through empire state development (ESD), the state’s economic development agency, will provide up to $3 million in performance-based Excelsior Job Program tax credits in return for IEC’s job creation commitments. Through the Upstate Revitalization Initiative, ESD will also provide up to $2 million in capital grants which are tied to investment levels and employment thresholds.
About IEC Electronics
IEC Electronics is a provider of EMS to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking. As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2008, AS9100D, ISO 13485, and Nadcap. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM. Additional information about IEC can be found here.