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Four projects approved for tax breaks

Four projects were approved Tuesday by Imagine Monroe, formerly known as the County of Monroe Industrial Development Agency, officials said. The projects are to add 119 full-time jobs to the local economy.

The approved projects are:

Allied Frozen Storage Inc., a real estate holding company, will lease 146,000 square feet of space to SatisPie LLC–a wholesaler of pies–for the expansion of manufacturing, finishing and freezing of pies, officials said. The $9.25 million project will add 57 full-time jobs over a three-year period. It will retain 58 full-time jobs, officials said. SatisPie is proposing to renovate and install production lines and 46,000 square feet of frozen storage capacity at 4 Owens Rd. in the town of Sweden however, its current location in Henrietta will remain in operation. The project received $293,288 in incentives, officials said.

Circle Street Development II–a real estate holding company–proposes the consolidation of the Pike Cos. Ltd. operations.  Pike Cos.’ operations are located in Henrietta and the city of Rochester. The consolidation will result in one location based in the city. The $7.4 million project will involve nine parcels in the reconfiguration, renovation and buildout of a 65,000-square-foot building to accommodate offices and a warehouse, officials said. The project is slated to create 30 new full-time jobs over three years. Circle Street has demolished the former Staub’s Dry Cleaner building and will create additional parking, officials said. The project will impact 300 full-time jobs. The project received $826,547 in incentives, officials said.

OFD Foods LLC, which has its headquarters in Albany, Ore., manufactures freeze dried products. In the $20.4 million project, the company is proposing to construct a 42,000-square-foot production facility in Henrietta to service its  East Coast and Midwest customers, officials said. The firm’s products include food, pharmaceutical and biological materials for commercial, military and consumer markets. The project is projected to create 30 new full-time jobs over the next three years. The project received $1,678,742 in incentives, officials said.

REO Holdings LLC and Center City Place LLC own 131-163 State St. in the city,  located between Church and Allan streets, officials said. The firms are proposing a $7 million project to rehabilitate and renovate the six parcels on State Street constructed in the early 1900s. The parcels have been substantially vacant for nearly three decades, the company said. The space is a total of 55,000 square feet. The project will create a mixed-use commercial/retail space on the first floor and 54 market-rate apartments on the upper stories. Additional jobs will be created by commercial tenants, officials said. The project has received a $950,000 grant from RestoreNY and qualifies for state and federal historic tax credits, officials said. This project will affect eight full-time jobs and is projected to directly create two new full-time jobs by 2020. The project received $663,161 in incentives, officials said.

“With the guidance of our Imagine Monroe Board, these companies are investing in our local economy and creating local jobs for local workers,” Monroe County Executive Cheryl Dinolfo said in a statement.

Follow Kerry Feltner on Twitter: @KerryFeltner

2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email [email protected].


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