NY’s largest development site

Seneca County and You

“Our Varick facility wouldn’t be where it is today without the help of the Seneca County IDA. Not only do they know the ins-and-outs of the area, but they partnered with us every step of the way to ensure our success.”

Paul Perrotto, Chief Financial Officer
Hillside Family of Agencies

Seneca County Stats

Past Five Years: 

604 jobs created
2,740 retained

 

etudes de cas

(315) 568-2811

ITT Goulds Pumps

Company:
ITT Goulds Pumps
Local Headquarters:
240 Fall Street, Seneca Falls, N.Y. 13148 / Contact: (315) 568-2811
Year Founded Locally:
1848
CEO:
Robert J. Pagano Jr.

Seneca County-based activities and developments:A global leader in producing pumps for the industrial sector, ITT Goulds Pumps has played an integral role in the municipal and industrial water market in Seneca County since 1848. The company has been a manufacturer of industrial pumping products used in the chemical, pulp and paper, power generation, oil and gas and mining industries for more than 150 years. The company has more than a million process pumps installed worldwide.Goulds Pumps began in the mid-19th century as the world’s first manufacturer of iron pumps and has grown to become the world’s largest manufacturer of industrial, agricultural and consumer pumps. A major supplier to engineering contractors around the world, it is the now the world’s leading manufacturer of residential well-water pump systems.Goulds Pumps was acquired by ITT Corporation in 1997, and continues to operate as a wholly owned subsidiary of its fluid technology segment. Together, the two companies currently serve more than 130 nations.In October 2008, Goulds Pumps privately invested more than $10 million for the renovation of its manufacturing operations in Seneca County. The project included the renovation and upgrade of the company’s 850,000-square-foot manufacturing facility. This also included the expansion of its research and development center to accommodate testing of new, larger pumps for burgeoning global markets. The manufacturer retained nearly 800 employees and created 60 new jobs due to the strategic renovations.For the sixth consecutive year, Goulds Pumps has won the Chemical Processing Magazine Readers’ Choice Award, having been voted the “Technology Leader” in the centrifugal pump category.Why Seneca County?Prior to the company’s 2008 renovations, it was faced with increasing global competitive cost pressures and evaluated means to improve productivity and efficiency.Before deciding to keep its operation in New York State, the company considered several options, including moving the Seneca Falls pump operation to a low-cost greenfield location. However, the company saw its value in the Finger Lakes region. So did New York’s Empire State Development Corporation and the Seneca County IDA. Together, these organizations have provided grants, Empire Zone program benefits and other incentives for the company’s expansion. The Seneca County IDA supports modernization investments by the company almost annually, sending a message that once a company is attracted to Seneca County, its future growth will continually be supported.ITT Goulds Pumps is a cornerstone of Seneca Falls and Seneca County. The company’s decision to continue growing and investing in its Seneca Falls facility demonstrates its unwavering commitment to Upstate New York and shows what a significant asset and contributor it is to the region. As a major economic engine in the Finger Lakes region, the growth and expansion of Goulds Pumps is a critical component to keeping the area viable and competitive.