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Transfinder Looking to Exit Schenectady?
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firefox
November 6, 2014, 7:43am Report to Moderator
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Transfinder opening satellite office in Austin

Transfinder Corp., based in Schenectady, New York, has been one of the region's fastest-growing companies for years.

Now, it's embarking on its first expansion outside of the area, and plans to open a satellite office in Austin, Texas, to serve customers in that state.

About 20 percent of the company's clients are based in Texas, the largest amount in any state outside New York, said President and CEO Antonio Civitella.

That's why he says Austin makes sense for the technology company, which develops bus-routing software for school districts to increase the efficiency of routes and save on transportation costs.

"Texas has been on my mind for a long time. We've done very well there." Civitella said.

Civitella announced the company's plan for a satellite office Wednesday evening while he accepted his Newsmaker award at the Albany Business Review's Achievers awards ceremony.

The company already has a handful of employees in Texas who work independently. Civitella expects to hire a few more and have 10 employees working out of the new office.

The Austin site will focus on customer service, with software development remaining in Schenectady, Civitella said.

A team from Transfinder is traveling to Austin in two weeks to scout for a location. The company is working with the mayor's office and the Greater Austin Chamber of Commerce on finding a site.

The goal is to open the office within the first quarter of 2015.

Once the Austin office opens, Civitella said the company will consider other satellite offices, including some overseas in Europe and Asia.

"Going from zero to one is always a big step," he said.

http://www.bizjournals.com/alb.....ffice-in-austin.html
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firefox
November 6, 2014, 7:48am Report to Moderator
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Civitella is already planning his exit strategy just like many homeowners in Schenectady. Civitella knows when the pilot program expires in Schenectady he will leave Schenectady for a greater city like Austin TX to avoid paying property taxes. Smart move by his part use free grants and tax exemptions then abandoned Downtown. There will be more businesses like him in Downtown planning for their exit strategy! Good for them! Dumb Mayor McCarthy and his team!
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MOONGLOW
November 6, 2014, 9:06am Report to Moderator
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No doubt when any pilot programs expire there will be "new' incentives to entice the company to remain here.   You can't allow these business to leave or fold.   The image of success gained by alloting all these programs must be maintained.
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bumblethru
November 6, 2014, 9:29am Report to Moderator
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I was talking to a 'Schenectady Landlord' the other day.
We got talking about taxes.
They said that Marcella's is tax free for 5 years.
They said that when the 5 years is up....Marcella taxes will be huge and that they doubt if Marcella's will stay.
IMHO....they (the powers that be) will extend the tax exemption so they will stay.
They may do the same for Transfinder...yes?

...again...this could be all rumor or mis-information.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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