SUFFOLK IDA ANNOUNCES HI TECH MANUFACTURER PHOTONICS INDUSTRIES TO EXPAND
New Jobs will add to Suffolk's Innovation Economy
(Hauppauge, NY-July 8, 2013) – Suffolk County Executive Steve Bellone is proud to announce that Photonics Industries International, Inc. will be expanding their operations in Suffolk County in conjunction with the Suffolk County Industrial Development Agency (IDA). Photonics Industries, headquartered in Bohemia, New York is the pioneer of intra-cavity solid-state harmonic lasers, the highest output power of lasers available, and provides various types of lasers to industrial and scientific customers.
“Photonics Industries has shown a clear commitment to keeping their operations based on Long Island,” said Suffolk County Executive Steve Bellone. “Keeping hi-tech industry in Suffolk County provides great opportunities for the growth of our innovation economy.”
“Photonics Industries is a global player in the development of mobile devices, communications devices and semi-conductors by providing the laser technology needed for the manufacturing of these devices,” added Anthony Manetta, CEO/Executive Director of the Suffolk County IDA. “Photonics Industries commitment to hiring new engineering, production and research and development jobs is another great indicator of Suffolk County’s future economic growth.”
Photonics Industries International, Inc. was founded in January 1993 out of the Stony Brook University Incubator. Today, Photonics has grown to 70 employees in Suffolk and another 20 globally in Taiwan, China, Japan and Korea. The company provides a wide array of lasers and services for use in leading-edge applied engineering and research applications. Photonics Industries provides continuous product improvements to keep up with the fast-paced and rapidly evolving technology markets of its international client base.
The company will be investing $6.3 million in a new building and manufacturing equipment and will be creating 40 new jobs that will bring over $2 million in new payroll dollars for the County.
“Photonics Industries International is confident about our company’s future as we join the Suffolk IDA and further establish our roots in the Suffolk County by continuing to hire from Suffolk's highly skilled workforce,” said Yusong Yin, CEO of Photonics.
Deputy County Executive and Commissioner of Suffolk County Economic Development and Planning Joanne Minieri said, "Photonics commitment to Suffolk County shows that we can compete on a global scale thanks to our highly accomplished workforce and our nationally-ranked educational institutions.”
“The Town of Islip sees Photonics Industries as a valuable asset to our business community,” said Supervisor Tom Croci. “We are certain that the expansion of Photonics Industries will attract a new crop of bright and successful professionals to our area through the expansion of new high-tech jobs. We have made a commitment to fast tracking Town permitting and facilitating needs of companies like Photonics to support this County initiative while growing jobs and creating economic opportunity.”
About the Suffolk County IDA:
The Suffolk County Industrial Development Agency (IDA) is a public benefit corporation of the State of New York. The purpose of the agency is to promote economic development within Suffolk County. The operations of the agency are not supported by taxpayer funds, but rather fees generated by the applicants. The Suffolk County IDA works in synergy with Suffolk County Executive Steven Bellone and the Deputy County Executive and Commissioner of Suffolk County Economic Development and Planning Joanne Minieri to foster positive economic development within the County.
For more information regarding the Suffolk County IDA log on to www.suffolkida.org.
# # #