Saab to move defense division headquarters to East Syracuse, add 258 jobs
Saab will invest $55 million to move the North American headquarters of its defense and security division to East Syracuse, bringing with it 258 jobs and retaining some 456 jobs in Upstate New York, according to Governor Andrew Cuomo.
During his State of the State speech in Syracuse Wednesday, Gov. Cuomo announced the state will invest $30 million through Empire State Development to make the move happen; $20 million in Excelsior Jobs Program tax credits and another $10 million through the Upstate Revitalization Initiative.
“Saab’s decision to locate the North American headquarters of its defense and security division in Central New York is a testament the region’s economic opportunity and our commitment to bringing the jobs of tomorrow to New Yorkers today,” Governor Cuomo said.
Saab currently operates two facilities in Central New York: one in DeWitt and a second in East Syracuse. With the multi-million dollar investment, Saab will move its headquarters from Ashburn, VA, to the East Syracuse facility.
“We are extremely pleased to take this next step forward in the development and growth of Saab in the United States and even more to do so in partnership with the State of New York," said Saab Defense and Security USA President and CEO Erik Smith. "Together we will bring new technology innovation and the job growth that follows to Syracuse and the Central New York region”.
Not everyone was pleased with Wednesday's announcement. As part of his response to the governor's State of the State address, Reclaim New York executive director Brandon Muir said the following:
Forcing taxpayers to drop $115,384 per new job for Saab’s sweetheart deal won't turn Central New York around. We’ve seen this show and it doesn’t lead to a happy ending.
Saab's defense and security division (known as Saab Defense and Security USA) develops, modifies and delivers Saab's military defense and civil security products.