Company wooed by N.H. to stay in N.Y.
The company had considered moving its headquarters to New Hampshire following its acquisition of Lebanon, N.H.-based segTEL
An Albany, N.Y., firm that had considered moving to New Hampshire has decided to stay where it is.
Tech Valley Communications announced Thursday that it will keep its headquarters in downtown Albany and add 60 jobs.
The company had considered moving its headquarters to New Hampshire following its acquisition of Lebanon, N.H.-based segTEL, a move that expanded the company's fiber-optic network throughout New England.
But it said a $250,000 grant from Empire State Development will help offset Tech Valley Communications' costs to consolidate two local operations under one roof. Albany County is also providing $100,000 in incentives to expand in downtown Albany.
According to the Albany Times Union Hampshire officials had tried in February to lure the company to the Granite State. The Times Union said New York Lt. Gov. Robert Duffy played a role in the negotiations with Tech Valley and its CEO, Kevin O'Connor. The company is taking nearly 16,000 square feet of new space in Albany and signing a 10-year lease.
Tech Valley, founded in 1999, provides data and high-speed Internet access. Since the acquisition of segTEL, which served New Hampshire, Vermont, Massachusetts and Maine, Tech Valley Communications has been preparing to expand its fiber optic network throughout the Northeast.