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COMIDA approves pair of Morgan developments

Two projects planned by entities of Morgan Management LLC—one in the East End and one in Henrietta—received tax breaks from the County of Monroe Industrial Development Agency this week.

The Morgan projects, which total more than $25 million, are for the rehab of a building downtown that is slated to house an engineering firm and the expansion of a senior living facility in Henrietta. 

COMIDA on Tuesday approved a property tax abatement for Morgan Charlotte Street LLC, which is proposing to renovate a vacant building on Charlotte Street to house Fisher As-sociates P.E. L.S. L.A. DPC.

The 31,200-square-foot manufacturing/warehouse facility, the former site 

of Isaac Heating & Air Conditioning Inc., is to be renovated to meet the specific needs of Fisher Associates, COMIDA documents show. 

Currently located in Henrietta, Fisher Associates ranked eighth on the most recent Rochester Business Journal’s list of engineers. 

The project will have an impact on 70 employees and is projected to create two new positions over the next three years. 

Project incentives total $207,000. The $3.6 million project is expected to have state and regional benefits totaling $442,000.

The county agency also approved a tax abatement and mortgage and sales tax exemptions to Morgan Rivers Run LLC, which is proposing to construct an additional 71 units at Rivers Run – Glenwood Cove, located at 50 Fairwood Drive in Henrietta. 

The entity will be constructing 11 residential units within the existing building and 60 units in a new building being constructed as part of the complex. 

A new fitness center and an additional teaching room, which Rochester Institute of Technology leases for workshops and seminars, are also included in the project. The total investment is $22.6 million, which includes the payoff of an existing loan totaling $11.8 million. 

The project will help retain three employees and create another three jobs over the next three years. Incentives for the project total $736,000, and state and regional benefits are expected to be $1.4 million.

In other actions this week, COMIDA:

 Granted a property tax abatement to American Packaging Corp. which is building a manufacturing facility on 40 acres of land in Chili. 

The project is slated to be constructed in three phases. Phase 1 will include the construction of a 215,000-square-foot building and an investment of $36 million in equipment. Phase 1, which involves a total investment of $48.3 million, will have an impact on 170 jobs and is projected to create 70 new jobs over the next three years at the Chili facility. Phases 2 and 3 are projected to create an additional 192 jobs. 

Incentives total $4.9 million, and state and regional benefits are expected at $13.4 million.

Before deciding the plant would be constructed in Chili, the company had considered an expansion at existing facilities in Iowa and Wisconsin. American Packaging plans to maintain its operations in the city of Rochester. 

American Packaging is a flexible packaging manufacturer that serves the food and beverage, personal care, health care and specialty markets. The firm ranked No. 72 on the 2016 Rochester Chamber Top 100 list of fastest-growing private firms.

 Granted a sales tax exemption on building materials and equipment to Erie Station 30 LLC and Rolen-Jinxin Corp. Erie Station has proposed the build-out of 8,787 square feet of warehouse space in Henrietta to accommodate Rolen.

This will be Rolen’s first United States facility. The Monroe County site will make railcar interiors for rail transit manufacturers and transportation authorities located throughout North America.

Rolen is the North American entity of Wuxi Jinxin Co., a Chinese Railways equipment manufacturer, and Rolen Technologies & Products, an international company based in Barcelona, Spain. 

The project is estimated to cost $1.2 million and is expected to create 26 jobs over three years. Project incentives total $47,000, and state and regional benefits are projected to be $2.4 million. 

Granted a sales tax exemption to Palumbo Trucking LLC in Scottsville for the purchase of a new dump truck. The $168,652 project will create at least one job. Exemptions total $13,500. 

2/24/2017 (c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

 

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