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GCEDC approves Liberty Pumps incentives; accepts two project applications
GCEDC approves Liberty Pumps incentives; accepts two project applications
The Genesee County Economic Development Center board of directors has approved a final resolution for incentives supporting Liberty Pumps’ $13.7 million expansion at the company’s operations in the town of Bergen.
The manufacturer will invest nearly $14 million to build a 107,000-square-foot materials facility in the Apple Tree Acres business park. The facility is expected to create 30 new full-time jobs with an average salary of $52,000 annually, plus benefits. Officials estimate the project will generate $29 of investment into the local economy for every $1 of approved incentives.
The project will receive sales and property tax exemptions of roughly $1.5 million.
GCEDC also accepted an initial application for a $4.5 million project proposed by Valiant Real Estate USA Inc., dba New York Bus Co. The company plans to build a 20,000-square-foot facility at the corner of Saile Drive and Call Parkway in the town of Batavia.
The project will create 24 full-time positions with an average salary range of $30,000 to $75,000 annually, plus benefits. New York Bus is requesting some $430,000 in sales, mortgage and property tax exemptions.
The project is expected to generate $50 into the Genesee County economy for every $1 of incentives.
Finally, the board accepted an initial application for incentives from J&R Fancher Property Holdings LLC, which is proposing a $1.7 million capital investment for a 14,000-square-foot building located at Buffalo East Technology Park in Pembroke.
J&R Fancher plans to build six market-rate one- and two-bedroom apartments, with 7,000 square feet of commercial space. The project is requesting roughly $254,000 in sales, mortgage and property tax exemptions.
Public hearings will be scheduled for the two projects.
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