Aerosafe Global Expanding Operations in Rochester
Rochester Chamber member AeroSafe Global, a bio-pharmaceutical cold-chain packaging and shipping specialist, is renovating and expanding its current facility on Buffalo Road in the City of Rochester. The company plans to add 65,000 square feet to its corporate headquarters, engineering design lab, refurbishment center, and manufacturing plant and create up to 35 new jobs over the next ten years. 122 jobs will be retained.
The company had considered moving its operations outside of New York State but will instead continue to grow in Finger Lakes region with support from Empire State Development. Buckingham Properties, which owns the building, is also investing in the project. The expanded facility is expected to be fully operational in the spring of 2020.
Aerosafe Global CEO Jay McHarg said, "Our transformation from a product company to a leading-edge, technology-based service company has enabled us to become a partner, rather than a vendor, to our customers. Our desire to invest in Rochester, and this commitment from the state, county and city is a testament to the quality of our people. Our new facility will create a world class environment for our employees to continue to grow, innovate and prosper in the City of Rochester.”
ESD is offering up to $1.9 million through the Excelsior Tax Credit Program for the project in exchange for job creation commitments over the next decade. The company will purchase and install new manufacturing equipment on site. The total project cost has been placed at $1.2 million. Monroe County, City of Rochester and Greater Rochester Enterprise also assisted with the project.
Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, “Aerosafe Global’s decision to expand its operations in Rochester speaks to the commitment this tech-based business has made to the community and to the state’s strategic investment that has made the Finger Lakes a great place to grow and innovate.”
With more than 30 Fortune 500 pharmaceutical and healthcare customers, AeroSafe is the principal provider of outsourced cold-chain-as-a-service (CCaaS) solutions for the pharmaceutical, biopharmaceutical and medical device industries. AeroSafe’s innovative packaging technology, cost-efficient re-use business model, and data tracking and analytics ensure the safe, efficient and sustainable delivery of temperature-sensitive drugs and devices, while providing customers with a streamlined solution for the entire cold chain from manufacturer to end-user.