US Sen. Charles Schumer (D-NY) has asked a Commerce Department official to approve an extension on a $3 million small business grant upon which the Infotonics Technology Center near Rochester can draw if it lines up matching funds.
The grant will enable Infotonics to meet the goals of a business plan calling for the creation of 300 jobs over five years, but the grant from the Economic Development Agency can be used only if Infotonics lines up private matching funds.
"Infotonics is on its way to being the comeback kid of Rochester-Finger Lakes region," Schumer said. "Just a few years ago this project was in serious doubt, but new, energized leadership has brought this company to the cusp of success.
"Private investment pledges have been coming in at a steady clip and Infotonics just needs a little more time to lock in the final dollars. The EDA needs to realize that we've got a company ready to create jobs at a time when they are sorely needed and give the company an extension."
The former Xerox Corp. plant has some of the most sophisticated micro-processing infrastructure in the Rochester area for manufacturing electro-mechanical and photonics devices.