Governor Hochul and Senate Majority Leader Schumer Announce Menlo Microsystems Will Invest $50+ Million to Retrofit a Microelectronics Manufacturing Fab in Tompkins County, Bringing 100+ New Good-paying Jobs to Upstate New York

URLhttps://www.governor.ny.gov/news/governor-hochul-a
Sourcegovernor.ny.gov
Date Published07/11/2023

Additional Reshoring Information:

Company/Division name Menlo Microsystems
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):50
City reshored to:Lansing
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Under-utilized capacity
Government Incentive dollar amount:$6.5 million
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