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Imagine Monroe approves incentives for six projects

Imagine Monroe approves incentives for six projects

pexels-photo-construction building workerSix local projects have been approved for incentives by Imagine Monroe, expected to create and retain more than 175 jobs in Monroe County.

ELogic Group LLC is planning to relocate its headquarters to Riverwood Tech Campus on East River Road and create the eLogic Manufacturers Experience Center, which will provide a place to display its solutions and outcomes for customers. ELogic is a tech company that provides specific digital solutions for manufacturers in various industries.

The $1 million project will retain 56 and create 16 full-time jobs. ELogic is seeking approval of sales tax exemptions on technology and furniture purchases.

Fasteners Direct Inc., a wholesale supplier of fasteners to companies nationwide, has outgrown its current space and is proposing the lease and renovation of 52,000 square feet for warehouse and offices on Basket Road in Webster.

The $1.55 million project will retain 36 full-time jobs and is projected to create four. Fasteners Direct is seeking sales tax exemptions on construction materials and equipment purchases.

The Macerich Co., a publicly traded company that owns and manages real estate throughout the country, plans to purchase nearly $500,000 in equipment and office interiors for a new leased space on Pittsford Victor Road. With headquarters and operations in Monroe County, the project will retain more than 42 full-time jobs and is expected to create two new ones.

Macerich has requested sales tax exemptions.

4000 River Road LLC has purchased a student housing complex from Rochester Institute of Technology and is proposing to renovate the 102 units. The firm also has proposed the construction of an 80-unit building to accommodate up to 260 students. The project will retain one full-time job and create six.

The company is seeking a 30-year property tax abatement as well as mortgage and sales tax exemptions. The Town of Henrietta supports the project.

Interstate Battery System of Rochester, a wholesale battery distributor, is proposing to buy three GMC Savana cargo vans for $64,000. The expansion of its distribution system will retain more than 10 jobs and is projected to create two full-time jobs.

The company has been approved for a GreatRebate on the equipment purchase through the Monroe County Industrial Development Corp. and is seeking a sales tax exemption on the purchase.

247 North Goodman LLC has proposed the construction of an 80,000-square-foot apartment building which will contain 51 units in the Neighborhood of the Arts. The property is located in a low-to moderate-income census tract, and the applicant has indicated rents will target the middle market at $1.65 to $1.80 per square foot. The project is expected to create one  full-time job.

The applicant has requested mortgage recording tax and sales tax exemptions, as well as the JobsPlus property tax abatement.

“This month alone, Imagine Monroe will help secure 177 more jobs for local residents,” said Monroe County Executive Cheryl Dinolfo in a news release. “The continued growth of exciting local employers like eLogic, Fasteners Direct and Interstate Battery System of Rochester is a great sign that Monroe County is open for business now and will be for years to come.

“I thank these employers for their commitment to doing business in Monroe County and for assisting our mission to grow more jobs, build better flat-tax budgets and support strong families across our community,” Dinolfo said.

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