DeWITT — Time Warner Cable, Inc. (NYSE: TWC) plans to develop a $7.3 million business-services center in a “long-vacant space” in a shopping plaza along Erie Boulevard in DeWitt.
The project will create 95 new jobs over the next four years and moves 171 existing Syracuse–area Time Warner Cable Business Class jobs into the new facility.
The project is contingent on a lease agreement and Onondaga County IDA approval of sales-tax benefits.
Gov. Andrew Cuomo made the announcement in a statement his office released today.
The new, multi-functional center, which is expected to be open for occupancy in spring 2014, will serve the company’s commercial customers in the northeastern U.S., the governor’s office said.
It will be Time Warner Cable’s first consolidated business-services center, Cuomo’s office said.
The company plans to occupy a ground-floor space in “a largely vacant and underutilized shopping center,” according to the governor’s office.
Time Warner Cable qualified for up to $2 million in performance-based Excelsior Jobs Program tax credits from the state in return for its proposed investment and job-creation commitments, the governor’s office said.
“This specialized facility will help us serve current and future business customers across the Northeast even more effectively and builds on our strong presence in Central New York with new jobs and investment,” Ken Fitzpatrick, senior vice president and chief operations and transformation officer for Time Warner Cable Business Class, said in the news release.
Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and enterprise-class, cloud-enabled hosting, managed applications and services, the description said.
Time Warner Cable provides video, high-speed data, and voice services in the U.S., connecting more than 15 million customers to entertainment, information and each other, according to a description in the governor’s news release. The residential business will remain its existing offices, the governor’s news release said.
Contact Reinhardt at ereinhardt@cnybj.com