AJL Manufacturing Inc. is moving forward with the first stage of a $2 million project that would increase its capacity and manufacturing capabilities.
The project has the potential to create and retain nearly 140 jobs, the Finger Lakes Regional Economic Development Council said Friday.
The contract manufacturer is receiving a nearly $290,000 state tax credit award, through the Excelsior Jobs Program, to help with the project.
“Our council recognizes that tax credits are an important economic development tool that provides companies with the financial leverage needed to expand and hire new employees,” said council co-chairman Joel Seligman, the University of Rochester’s president, in a statement. “AJL Manufacturing is receiving these tax credits because it is in line with the council’s goals of accelerating our region’s transformation to a diverse, knowledge-based economy by optimizing the region’s performance in advanced manufacturing.”
AJL has said it will increase its capacity and manufacturing capabilities to accommodate additional work. The project includes the purchase of machines that will allow the company to run more than one operation in a production run.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
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