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GCEDC approves incentives for two Genesee County projects
GCEDC approves incentives for two Genesee County projects
The Genesee County Economic Development Center has approved incentives for projects totaling $13.5 million of new capital investment.
Forefront Power LLC, aka Elba Solar, will invest nearly $10 million to build a 5-megawatt community solar project on Norton Road in the town of Elba. The project will generate roughly $519,000 in new revenue to Genesee County, the town of Elba and the Elba Central School District over the proposed 15-year agreement.
The project also will fund a community benefit agreement for workforce development and economic development projects in the county. Forefront Power will receive $1.416 million in sales and property tax exemptions.
Batavia Special Needs Apartments L.P. plans to invest $3.75 million to add 20 living units to an existing special needs housing campus on East Main Street in the city of Batavia. The organization will receive roughly $772,000 in sales and property tax exemptions. Additional revenues from the project will be added to an existing payment in lieu of taxes (PILOT) agreement for the development.
The GCEDC board also accepted an application by NY CDG Genesee 1 LLC, aka BW Solar, for a proposed 5 MW community solar project on Oak Orchard Road in the town of Elba with a capital cost of $7.326 million. The project would generate roughly $519,000 in new revenue to Genesee County, the town of Elba and the Elba Central School District over the proposed 15-year agreement.
A public hearing on the project is scheduled for May 17 at 10 a.m. as the project’s developer is requesting incentives of more than $100,000.
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Follow Velvet Spicer on Twitter: @Velvet_Spicer
