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GCEDC approves incentives for seven economic development projects
GCEDC approves incentives for seven economic development projects
The Genesee County Economic Development Center has approved incentives for a number of projects that will improve solar capacity and add jobs in the region.
The seven projects approved for assistance have vowed to make more than $45 million in capital investments.
The Ellicott Station initiative is a $22 million mixed-use brownfield redevelopment project in downtown Batavia that will include the construction of 55 workforce apartments as part of the adaptive re-use of a former manufacturing facility. The project will transform a major gateway to the city, officials said. Project developers have applied for support from the state Office of Community Renewal.
Ellicott Place is a $3.1 million redevelopment of 45-47 Ellicott St. by V.J. Gautieri Constructors. The project includes the construction of 10 second-floor apartments at the existing facility, as well as the development of first-floor storefronts and building-wide façade improvements.
Both projects support Genesee County’s EDGE economic development strategy for housing to support the growth of local businesses and were recognized as strategic projects in the Downtown Revitalization Initiative announced by Gov. Andrew Cuomo in 2018.
Five community solar projects proposed by Borrego Solar include capital investments of roughly $21.6 million and are projected to produce more than $2 million to local taxing jurisdictions, including the Elba, Pembroke and Akron school districts, over 15 years. Each project also would contribute $25,000 toward a community benefit agreement to support STEM education and economic development initiatives, GCEDC officials said.
Borrego’s projects will be located at 3104 W. Main St. Road, 3232 W. Main St. Road and 5230 Batavia-Stafford Townline Road in the town of Batavia, and at 241 E. Knapp Road and 241 W. Knapp Road in the town of Pembroke.
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