SYRACUSE, N.Y. (WSYR-TV) — Two companies in Central New York are expected to bring hundreds of new jobs to the City of Syracuse.
State and local lawmakers unveiled the expansion plans for Banker’s Healthcare Group, LLC and JMA Wireless, at a press conference Wednesday.
When complete, Governor Andrew Cuomo (D) said the two companies will add a combined 430 new jobs to the local economy; 330 at Banker’s Healthcare Group, LLC and 100 at JMA Wireless.
“It was a team effort and anytime you have the state and the governor’s office working with us and the Mayor’s office we’re going to get results,” said Onondaga County Executive, adding “we put forward a unified front really working with these companies, really understanding what their needs were.”
Bankers Health Group, LLC or BHG a financial services company for medical professionals plans to relocate and consolidate several of its Central New York locations into a new office building located at 300-324 Spencer Street.
“By partnering with the city, county, and state, we not only have the ability to expand our company footprint, but create hundreds of new jobs here. As a Central New York native, I appreciate the work ethic of the people who live here,” said Albert Crawford, Founder, Chairman and CEO of Bankers Healthcare Group. “Our company’s financial headquarters have been in the region for nearly two decades, and it’s an honor to play a key role in attracting top talent, contributing to the local economy, and supporting the redevelopment of the Inner Harbor.”Bankers Healthcare Group
The 35-million-dollar project will require demolishing and remediating the existing First Student Bus Garage. In its place, a 100,000 square-foot facility with house BHG and Capital Collection Management.
New York State will also invest 11-million-dollars, including a 4-million-dollar capital grant and a 7-million-dollar Excelsior Jobs Tax Credit.
BHG expects the project to be completed by the end of 2023.
Making Old Things New Again
JMA Wireless, a Liverpool based telecommunications company plans to move a 5G manufacturing facility from Texas into the former Coyne Textile Services Building, which closed back in 2015.
The building located at 140 Cortland Avenue in Syracuse went vacant after 86 years. Transitioning the space into a next-generation cell phone manufacturing facility is expected to start in January 2020 and be completed in early 2021.
“People that live on the South Side have been working very hard for years to attract this type of investment so this is a game-changer for the city, the neighborhood and the entire region,” said Syracuse Mayor Ben Walsh.
JMA will invest 25-million-dollars to create the new 5G campus on the city’s South Side and will manufacture the world’s first indoor 5G millimeter wave radio system.
New York State will provide a 5-million-dollar Upstate Revitalization Initiative grant to assist with the project.
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