Cody Gate Ventures, a venture capital investment group has selected Rochester, NY as the site of three new start-up, venture-funded companies from its portfolio. The three companies are Intrinsiq Materials, Quintel Technology, and Omni-ID. Combined the three companies plan to hire 250 full-time employees who will specialize in research, development, and manufacturing of advanced technology products. In addition to creating jobs, Intrinsiq, Quintel and Omni-ID will also make a significant capital investment in the Rochester Region through the purchase of machinery and equipment, and through ongoing capital expenditures and operating expenses. The jobs will be located at the Eastman Business Park.
“We chose to expand in Rochester because of the high-quality of its skilled workforce,” said Cody Gate Ventures U.S. Managing Partner Michael Summers. “We consider ourselves to be an innovation firm, and Rochester has a long history of innovation. We have already established substantive synergies with a number of the great companies and universities that are located here. Those opportunities for collaboration combined with Rochester’s connectivity to world-class research and development facilities, and the great facilities at Eastman Business Park, make the Rochester Region the perfect place for these three companies to grow.”
“This huge win for the Greater Rochester Region’s economy is the result of the dedication and teamwork of Greater Rochester Enterprise; Empire State Development; the State of New York, specifically State Assembly Speaker Sheldon Silver and State Assemblyman Joseph D. Morelle; Monroe County; and the City of Rochester,” said GRE President and CEO Mark S. Peterson. “The 250 jobs that are coming here are high-paying, highly-skilled jobs for three companies who will greatly benefit from our top-ranked knowledge workforce.”
WATCH OUT "ROCHESTER IS ON THE MOVE"...........RICH BENDIS, PRESIDENT AND CEO INNOVATION AMERICA
To read the full, original article click on this link: Cody Gate Ventures and GRE bring 250 new jobs to Rochester, NY | Rochester Startup Blog
Author: Press Release
