Hamilton Looks to Attract New Princetel Facility Following Trenton’s
Rejection of Company’s Redevelopment Plan
Mayor Yaede and Hamilton’s Department of Economic Development
wasted little time reaching out to one local company following the City of Trenton’s
rejection of its redevelopment plan.
Princetel, a high-tech, fiber-optics manufacturer, moved its
headquarters to Hamilton in 2011 and had no plans to move its existing 41,500-square-foot,
East State Street facility during the company’s quest to relocate its White
Plains, NY facility to Trenton’s former Roebling complex.
Following the rejection, Princetel CEO Barry Zhang announced
that his company would now look to Hamilton as a potential home for its new
facility; and Mayor Kelly Yaede is eager for Hamilton to capitalize on this
economic opportunity that could bring as many as 400 jobs over the next decade.
“We have already met with Mr. Zhang to personally express our desire for
Princetel to find a home for its new facility in Hamilton, where its
headquarters already resides,” explains Mayor Kelly Yaede. “We provided Mr. Zhang with information
regarding some existing, Hamilton-based properties that might meet Princetel’s
Back in 2014, Mayor Yaede joined Zhang and Princetel to
celebrate their facility becoming the first industrial building in the state to
earn LEED Platinum status for sustainability efforts. In 2016, Princetel was one of three
recipients of Hamilton’s Environmental Awards. Previously, in 2012, Princetel also received a
beautification award at Hamilton’s annual Economic Development Distinguished
Business Awards Dinner.
While Hamilton’s Director of Economic Development, Marty
Flynn, noted that Princetel – like any other business – would be subject to
local land use laws and possible board approvals for any project to move
forward – he expressed hope that Princetel will be able to find a suitable location
in Hamilton that will meet their growing company’s needs.
“Under Mayor Yaede’s leadership, Hamilton continues to
attract new business and witness the expansion and ongoing success of so many
of our existing, hometown businesses,” says Flynn. “A lot of that success is driven by Mayor
Yaede’s desire to make it easy for businesses to go through the land use
approval process and to have preliminary meetings with township officials to
reduce unnecessary time and costs for applicants.”