Editor’s note: Below is a press release and photo recently received from Steve Bamford, Executive Director of PAID, Inc. – that’s Pottstown Area Industrial Development, Inc. – the economic development leader in Pottstown. I will echo Council President Toroney’s statement: VideoRay is exactly the type of employer we want to attract to our community, and a huge high-five goes out to Jason, Steve, Borough staff, the Zoning Hearing Board, and Borough Council for helping make this happen. Stay tuned as we report on more good economic development news coming out of Borough Hall and PAID…
VideoRay, LLC and Pottstown Area Industrial Development, Inc. (PAID) have announced plans for the relocation of VideoRay’s headquarters to Pottstown, Pennsylvania.
VideoRay, the global leader in observation Remotely Operated Vehicle (ROV) technology, is working on plans to acquire and renovate the former Levitz building at 212 E. High Street.
The building would initially be occupied by 35 VideoRay employees working in management, corporate administration, marketing, engineering, assembly, and repair functions. The rapidly growing manufacturer of very small underwater ROVs expects to increase the size of its workforce over the next several years.
“I am very excited about what we can do when we relocate to downtown Pottstown,” said Scott Bentley, President and majority owner of VideoRay LLC. “There are a lot of reasons why we will be better off in Pottstown than where we are now. We were recruited by PAID and I have found Borough Manager Jason Bobst and the Borough staff to be very helpful in addressing some zoning and parking issues. It has been great working with PAID and the Borough.”
“VideoRay is exactly the type of employer we want to attract to our community,” said Stephen M. Toroney, Borough Council President. “A global high tech company with tremendous growth potential will soon call Pottstown home and we are pleased to welcome them.”
PAID and the Borough have been working with VideoRay since November to help determine the feasibility of relocating and alleviating concerns about moving from a rural to urban environment. The company has outgrown its current location in East Pikeland, Chester County.
“We presented the many benefits of establishing operations in Pottstown,” said Steve Bamford, Executive Director of PAID. “The idea of locating in a classic, walkable downtown was appealing to the company. Proximity to restaurants, the Tri County Performing Arts Center, public transportation, and convenient parking factored into their decision, as did plans for expansion of the Schuylkill River Trail and the continued growth of Montgomery County Community College in the borough.”
VideoRay is also exploring establishing a robotics campus in the building by leasing space to independent companies that provide some of the accessories and software used by VideoRay and its customers. “The prospect of additional technology companies moving to Pottstown is tremendously exciting and we are here to be of assistance,” said Bamford.
With more than 1,950 Remotely Operated Vehicles (ROVs) in service around the world, VideoRay is the global leader in observation ROV technology. The VideoRay ROV is an extremely versatile, portable, affordable, and reliable solution for underwater operations including surveys, offshore inspections, search & recovery, homeland & port security, science & research, fish farming, and other unique applications in underwater environments. More information about VideoRay can be found at www.videoray.com.
About PAID, Inc.
Pottstown Area Industrial Development, Inc. (PAID) is the non-profit corporation designated by a partnership of the Borough of Pottstown, Pottstown School District, and the Montgomery County Redevelopment Authority to coordinate and lead economic development efforts within the Borough of Pottstown, Montgomery County, Pennsylvania.