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News about tenant/clients
News about tenant/clients of BIA/NYS member incubator programs.
Electronics manufacturer Trek will become an anchor of the Harrison Place incubator program in Lockport, doubling its space and adding 25 jobsSubmitted by admin on July 23, 2013 - 7:25pm
Trek Inc., a manufacturer of high-voltage electrostatic monitoring and control equipment that is itself one of several spinoffs from an established firm in Orleans County, will become an anchor tenant of Harrison Place, a four-building site in Lockport managed by our member Mancuso Business Development Group.
According to coverage in the Lockport Union-Journal, Trek will move from its existing 30,000 square-foot facility to two newly improved floors totaling 60,000 square feet in Building 4 at Harrison Place. The firm plans to add 25 new full-time jobs over the next two years. It may also consolidate additional WNY facilities at the Lockport site.
"Trek becomes both an anchor tenant of the Harrison Place project but also a magnet and mentor for the next generation of folks like them" in the incubator program that the Mancuso Group operates in buildings 1 and 2, said B. Thomas Mancuso, CEO of the development company. "We're very excited about this project because, in addition to attracting investment and creating lots of jobs, it has transformed an empty factory that was a blight in the neighborhood into an active bustling source of positive energy for the community."
UPDATE (8/4/13): We're informed by our supporting member the UB Technology Incubator that Trek is actually a 2012 graduate of its own incubator program!
Submitted by admin on July 22, 2013 - 10:18pm
Academic Software Plus graduates 30 jobs from UB Technology Incubator to commercial space in AmherstSubmitted by admin on July 22, 2013 - 10:05pm
Academic Software Plus, a spinoff company formed in 1993 to streamline admissions to University at Buffalo's dental school, will graduate 30 jobs from the UB Technology Incubator to nearby commercial space in Amherst, according to a university news release.
Since its establishment, the firm has expanded to serve many graduate and health-professions schools, and was acquired in 2001 by Liaison International, which itself is owned by the Warburg Pincus private equity firm.
The UB news release includes excellent insight into how the firm used various aspects of the university's incubator program to guide its growth and development, and why the jobs will remain in Western New York although Liaison is Massachusetts-based.
Submitted by admin on July 22, 2013 - 9:45pm
The Suffolk County Industrial Development Agency has announced an expansion/retention financing package for Photonics Industries, a laser manufacturer that was a graduate of the incubation program at Stony Brook University's Long Island High Technology Incubator (LIHTI). The deal, which will create at least 40 new jobs on top of 70 already located in Suffolk County, was covered in the Long Island Business News and the photonics.com trade-magazine website. Photonics Industries was founded in 1993 and is listed as a program graduate on the LIHTI website.
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