Empire State Development Announces Toyota Material Handling North America Will Establish an Advanced Energy Storage Solutions Research and Development Facility in Monroe County | Empire State Development

Oct 25, 2024

Storied World-Class Lift Truck Manufacturer Commits to Creating 40 New Jobs at Facility in the Town of Henrietta

Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy

Empire State Development (ESD) today announced that world-renowned lift truck designer and manufacturer, Toyota Material Handling North America (TMHNA), comprised of two main companies, Toyota Material Handling and The Raymond Corporation, will establish an advanced energy storage solutions development, prototyping and test center in Henrietta. The forward-thinking research and development center, located at 1565 Jefferson Road, will see TMHNA collaborate with Rochester area energy storage resources to further support its own and Toyota Industries’ advanced energy solutions technology efforts, including lithium-ion batteries and fuel cells. As a result, TMHNA has committed to creating up to 40 new jobs. The company expects to begin preparational activities at the site immediately and be operational at the testing center in the spring. Currently, TMHNA employs 2,560 workers statewide.

Empire State Development President, CEO & Commissioner Hope Knight said,“Governor Hochul and ESD remain laser-focused on expanding New York State’s green economy by supporting the creation of 21st century research and development and manufacturing jobs. Toyota Material Handling North America’s continued commitment to driving alternative energy applications for the lift truck industry is truly commendable, and we are thrilled that they are moving full speed ahead with all the opportunities that the state and Finger Lakes region have to offer.”

TMHNA is a trusted source of quality and reliable products and is committed to being a total material handling solutions provider from forklifts to energy solutions to automation technology. Toyota Material Handling and The Raymond Corporation have a combined 150 years in the industry, providing total solutions, including the latest research and advancements in alternative energy and forklift battery technology, being the first U.S. manufacturer to establish UL certification for an integrated lithium-ion battery and forklift solution.

President and CEO of Toyota Material Handling North America and Senior Executive Officer at Toyota Industries Group Brett Wood said, “We look forward to working alongside ESD to establish an energy storage and fuel cell development and testing center in Henrietta, New York. We are honored to contribute to the growth of this community while advancing innovation in sustainable technology. This initiative signifies our commitment to excellence and underscores our dedication to environmental stewardship. Through this venture, we aim to create new jobs, empowering individuals and driving progress toward a better and brighter future.”

ESD is assisting the company with the project by providing up to $1.5 million through the performance-based Excelsior Jobs Tax Credit program. County of Monroe Industrial Development Agency and Greater Rochester Enterprise also provided support for the venture. The total project cost has been placed at a little more than $2 million. The company had considered locating its new, state-of-the-art R & D facility elsewhere, but selected the Finger Lakes region due to its world-renowned reputation for available top-notch talent and its innovative technology base.

State Senator Jeremy Cooney, said, “With Toyota Material Handling North America’s new facility, cutting edge energy innovations will be happening in Henrietta. Our region's workforce talent continues to attract businesses to Monroe County, and I am looking forward to seeing the impact this project will have for our workers and our community’s continued economic growth.”

State Assemblymember Harry Bronson, said, “Rochester's connection to the auto industry runs deep and Toyota Material Handling North America is continuing this tradition in our region and connecting to our new status as a green energy leader and tech hub. This investment is critical to expanding our workforce in the advanced manufacturing and technology sectors, and ensuring good jobs are made available to hardworking people throughout our area. Thank you ESD and Governor Hochul for your work to bring this new industry to Henrietta."

Monroe County Executive Adam Bello, said, “Toyota Material Handling North America’s decision to establish an advanced energy storage solutions research and development facility in the Town of Henrietta is a pioneering leap into the future of our green economy. I applaud TMHNA for their vision and leadership and for recognizing Monroe County’s strength as a hub for high-tech innovation. We're grateful to Empire State Development and Gov. Kathy Hochul for their commitment to our economy, job creation, and advancing sustainability in our region.”

Henrietta Town Supervisor Stephen Schultz, said, “The Town of Henrietta is excited that Toyota will have a presence in town working on innovative technologies regarding sustainable energy efforts. Henrietta has made a significant push for sustainable energy, including upgrading all of its streetlights to energy-efficient LED lamps, a project that is currently underway. Henrietta also is home to RIT and its Battery Prototyping Center, which also works in close collaboration with Empire State Development. Between Toyota, RIT, and energy research companies, Henrietta and Monroe County are becoming hubs for leading the way to a cleaner energy future.”

Greater Rochester Chamber of Commerce President and CEO and Finger Lakes Regional Economic Development Council Co-Chair Bob Duffy, said, “As a storied company with roots in Upstate New York, Toyota Material Handling North America’s commitment to growth in Greater Rochester underscores the vitality of our region, including an exceptional talent pool and innovative technology ecosystem. Congratulations to president and CEO Brett Wood and his team, and we look forward to collaborating with Toyota Material Handling and The Raymond Corporation to unlock even more opportunities for growth.”

Matt Hurlbutt, President and CEO, Greater Rochester Enterprise, said, “As a leader in the energy innovation sector, the Greater Rochester, NY region is the perfect location for Toyota Material Handling North America to establish an energy storage and fuel cell development center. GRE helped connect TMHNA leaders to economic development partners and the battery and energy storage expertise and integrated ecosystem available in the Greater Rochester, NY region to support the company’s growth plans.”

About Toyota Material Handling North America

Toyota Material Handling North America (TMHNA), the industry leader in forklift sales, is composed of two main group companies: Toyota Material Handling, Inc. and The Raymond Corporation. One in three forklifts sold in North America is either a Toyota or Raymond product. With nearly 2.5 million square feet of manufacturing space, TMHNA is composed of five manufacturing plant locations: Columbus, Indiana; Greene, New York; Muscatine, Iowa; East Chicago, Indiana and Oakville, Ontario, Canada that produce racking products and more than 1,500 forklifts per week. With an annual revenue of over $4 billion, TMHNA has more than 15,000 associates and more than 300 dealer locations to support Toyota and Raymond customers throughout North America.

About Toyota Material Handling

Toyota Material Handling offers material handling products and solutions, including forklifts, reach trucks, order pickers, pallet jacks, container handlers, automated guided vehicles, and tow tractors, along with aerial work platforms, fleet management services, and advanced automation engineering and design. Toyota’s commitment to quality, reliability and customer satisfaction, the hallmark of the Toyota Production System, extends throughout more than 230 locations across North America. With access to an industry-leading lineup of material handling products, Toyota dealers are uniquely positioned to help solve wide-ranging challenges in warehousing and distribution. Built for every application, Toyota can provide the most complete set of solutions for material handling, automation, energy, advanced logistics, and warehouse optimization. For more information or to learn more, visit ToyotaForklift.com.

About The Raymond Corporation

The Raymond Corporation, a member of the Toyota Industries family of companies, is a leading global provider of best-in-class material handling products and intelligent intralogistics solutions with headquarters in Greene, New York. Built on principles of innovation and continuous improvement for over 100 years, Raymond’s integrated automation, telematics, virtual reality and advanced energy solutions provide ways to optimize operations and bring warehouse and distribution operations to a new level of performance. Raymond® electric forklift trucks are engineered to achieve increased productivity and efficiency and are designed to provide ecological and economic benefits. Raymond delivers solutions to material handling and logistics markets in North America and globally. Combining operational excellence, award-winning innovation and world-class global customer support, we work together to run better, manage smarter and keep our customers always on. For more information, visit raymondcorp.com and follow us on Facebook, Twitter, YouTube and LinkedIn.

Accelerating Finger Lakes Forward

Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive strategy to generate robust economic growth and community development. The regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. More information is available here. ​

About Empire State Development

Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing the Regional Economic Development Councils and the marketing of “I LOVE NY" the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.

Contact:Shari Voorhees-Vincent | [email protected] | (585) 399-7055Press Office | [email protected] | (800) 260-7313