HIGHLAND –
Zumtobel Lighting in Highland is going to invest $6.4 million to boost
research and development of the next generation of lighting fixtures,
connected lighting solutions, employee training and factory upgrades.
New York’s Empire State Development Corporation will provide the
company with up to $1.19 million in performance-based grants and tax incentives,
including a $900,000 Regional Council Capital Grant and $290,000 in Excelsior
Jobs program Tax Credits. The state incentives are conditioned on Zumtobel’s
$6.4 million investment and maintenance of 202 jobs through 2022.
The business must also use women-owned and minority businesses to perform
at least 30 percent of the factory upgrades.
“Our investment in the development of the North American and South
American market further demonstrates Zumtobel’s commitment to enhance
customer satisfaction, expand its product lines along with manufacturing,
assembly and distribution capabilities,” said company CEO Kevin
Maddy.
