EvolvOptic Expands Operations in Monroe County
Deal News | Apr 24, 2025 | New York Ventures Inc

Empire State Development (ESD) announced the merger of Advanced Glass Industries (AGI) and Glass Fab Inc., forming the new optics company, EvolvOptic. Based in Rochester, New York, EvolvOptic plans a $5 million investment to enhance its capabilities in the space, semiconductor, and high-energy sectors, aiming to create up to 40 jobs over the next five years. Supported by a $600,000 performance-based tax credit from ESD, this initiative aligns with the Finger Lakes region’s strategy to boost local economies and reinforce New York's position as a hub for the semiconductor industry. The merger capitalizes on Rochester’s rich optical history and contributes to the region’s burgeoning ecosystem of optics and photonics firms. Leadership from ESD and governmental bodies commend the merger as a significant milestone in both enhancing New York’s technological innovation and creating high-quality employment opportunities. This development is part of broader state efforts under Governor Hochul to fortify New York’s standing in the semiconductor sector with substantial investments in education, infrastructure, and partnerships.
Sectors
- Optics and Photonics
- Semiconductor Manufacturing
Geography
- New York, USA – EvolvOptic is based in Rochester, New York, and the article discusses initiatives supported by New York State to enhance the optics and semiconductor industries.
Industry
- Optics and Photonics – The article discusses the merger of two optics companies, AGI and Glass Fab, to form EvolvOptic, and their focus on expanding capabilities within the optics industry.
- Semiconductor Manufacturing – The involvement of EvolvOptic in the semiconductor sector aligns with New York State's broader economic initiatives to become a hub for semiconductor manufacturing.
Financials
- $5 million – Investment by EvolvOptic to expand its operations.
- $600,000 – Performance-based Excelsior Jobs Tax Credit from Empire State Development to support the project.
Participants
Name | Role | Type | Description |
---|---|---|---|
EvolvOptic | Target company | Companies | The company formed from the merger of AGI and Glass Fab, expanding operations in optics and semiconductor sectors. |
Empire State Development (ESD) | Government support | Government | New York's economic development agency facilitating the merger with tax credits and support. |
Advanced Glass Industries (AGI) | Bidding company | Companies | Acquired Glass Fab to form EvolvOptic. |
Glass Fab Inc. | Selling company | Companies | Merged with AGI to form EvolvOptic. |