New York State is giving the next owner of Endicott Interconnect incentive to keep the company’s jobs local. Broome County officials have confirmed that New York’s economic development arm, Empire State Development, will offer $2.5 million to the buyer of EIT, as long as the company’s 575 jobs remain in Endicott. EIT filed for bankruptcy back in July. Integrian Holdings LLC, had initially made itself the prime bidder when it entered a purchase agreement for Endicott Interconnect for $250,000. Integrian is owned by EIT minority shareholder James Matthews. The bidding and selling process was brought into question by creditors, but most issues were cleared up in court with Integrian taking a step back from the purchase. The bidding process has now been re-opened to additional bidders, with the auction for the company scheduled for Thursday in Utica.
