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HP Hood plans $25M expansion in Genesee County
HP Hood's Batavia plant (file photo)
HP Hood's Batavia plant (file photo)
HP Hood plans $25M expansion in Genesee County
Listen to this articleThe Genesee County Economic Development Center (GCEDC) board of directors advanced an initial resolution at its meeting late last week that would provide tax breaks for HP Hood‘s $25 million expansion at the Genesee Valley Agri Business Park.
The company’s project includes a 7,722-square-foot expansion, consisting of the construction of a two-bay, raw milk silo alcove and silo pads for four silos, Clean-in-Place (CIP) room for four CIP systems, remote truck testing lab and electrical room.
The expansion will enable HP Hood to increase capacity and boost dairy product production, company leaders said.
The dairy products manufacturer is requesting a sales tax exemption estimated at $1.12 million and a property tax abatement estimated at roughly $84,097 based on the incremental increase in assessed value via a new traditional 10-year PILOT.
The project is estimated to generate $6.3 million in financial benefits, including payroll and tax revenues, for an estimated $10 local benefit for every $1 of requested incentives, according to a release from the GCEDC.
A public hearing on the proposed project agreement will be held in the town of Batavia.
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