Governor Hochul Announces $78 Million Investment by Broadridge Financial Solutions to Retain 2,200 Jobs on Long Island and New York City

Broadridge To Continue Modernizing Technology Operations and Advance Innovation Focused Workforce Development

Up to $40 Million in State Support Anchors Jobs and AI-Driven Technology and Infrastructure in New York

New $3 Million AI Driven Innovation Partnership With Stony Brook University Builds the Workforce of the Future

Governor Kathy Hochul today announced that Broadridge Financial Solutions, Inc., a global financial technology leader, will invest $78 million to modernize its Long Island operations and retain 2,200 jobs. The agreement with Empire State Development includes up to $40 million in state incentives tied to long-term job retention and capital investment commitments and establishes a first-of-its-kind Innovation Partnership with Stony Brook University to advance research, innovation, and workforce development.

“New York is fighting for good-paying jobs, and this agreement shows we're delivering. When companies are making decisions about where to grow and invest, we’re making sure New York wins,” Governor Hochul said.“Broadridge’s investment will keep 2,200 jobs on Long Island and in New York City, while modernizing critical operations and strengthening our economy. We competed for these jobs, we secured them and we’re anchoring them here for the long term. Each one of these jobs will support families, local businesses and communities — this is exactly how we grow our economy."

Broadridge Financial Solutions CEO Tim Gokey said, "As a leading global financial technology company, Broadridge is proud to call New York home as we leverage transformative technology to help our clients and the financial services industry to better operate, innovate and grow. I want to thank Governor Hochul and the State of New York for their support in ensuring that our New York associates can continue to play a key role in driving innovation across financial services.”

Broadridge, headquartered in Lake Success, New York, is a technology company and a critical part of New York’s financial services ecosystem, particularly across Long Island and the downstate region. The company is a global technology leader with trusted expertise and transformative technology to help clients and the financial industry operate, innovate and grow. Broadridge powers investing, governance, and communications - enhancing operational resilience, elevating business performance, and transforming investor experience. The company sits at the intersection of financial services, providing the technological infrastructure for everything from trading to debt servicing, deal making, regulatory compliance and shareholder communications. As one of the region’s major technology employers, Broadridge helps sustain one of Long Island’s highest-paying industries—supporting high-quality, family-sustaining jobs and reinforcing New York’s position as a global capital of financial services.

Building on this long-standing presence and global leadership, the State’s support includes a $23.5 million capital grant and up to $1.5 million in performance-based Excelsior Jobs Program tax credits, alongside a $15 million Innovation Partnership Grant, all tied to long-term job retention and capital investment commitments. This support will help fund $78 million in capital investments, including machinery and equipment upgrades.

The AI Digital Innovation Partnership with Stony Brook University will advance artificial intelligence research and development while creating pathways for students and New York workers to develop skills in emerging technologies. The partnership builds on New York State's commitment to positioning the state as a national leader in AI innovation and workforce development.

Additionally, Broadridge is a current customer of the New York Power Authority (NYPA), receiving a 2,400-kilowatt low-cost power allocation supporting more than 1,700 jobs under the ReCharge NY program. The NYPA Board of Trustees will review an application to extend its support of Broadridge at an upcoming meeting.

ReCharge NY has strengthened New York State’s economy by encouraging companies to retain and create jobs, while sparking capital investment throughout the state. ReCharge NY offers power contracts with terms up to seven years. Half of the power—455 megawatts (MW)—is from the Power Authority’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants. The remaining 455 MW is bought by NYPA on the wholesale market.