The Genesee County Economic Development Center has approved reassigning the terms of previously approved payments in lieu of taxes for Upstate Niagara Cooperative.
The company recently announced it had acquired the former Alpina Foods manufacturing facility at the Genesee Valley Agri-Business Park. Under the PILOT agreements, local taxing jurisdictions will receive $378,010 in revenues over the life of the PILOT.
Upstate Niagara Cooperative plans to invest $22 million in the facility to meet its operational needs.
“Genesee County has benefited greatly from the repeated investments by food and beverage companies into dairy production facilities,” GCEDC Chairman Paul Battaglia said in a statement. “The Genesee Valley Agri-Business Park provides excellent opportunities for the Upstate Niagara cooperative and businesses in the dairy food industries to succeed.”
The Upstate Niagara Cooperative is a farmer-owned cooperative of 327 dairy farms throughout Western New York. Brands produced by the cooperative include Upstate Farms, Bison, Intense Milk and Valley Farms.
The 40,000-square-foot facility sits on 10 acres with an adjacent 10-acre development parcel in Batavia. Other dairy manufacturers in the park include HP Hood LLC and O-AT-KA Milk Products Cooperative Inc.
The GCEDC board also approved a loan from the Growing the Agricultural Industry Now! fund for New York Craft Malt. The $82,000 GAIN loan is part of a $206,968 investment for the purchase of new equipment and building improvements at the company’s Bank Street Road facility in Batavia.
The project is expected to create two jobs.
“New York Craft Malt’s project builds on our successful GAIN loan fund program, which supports the growth of agricultural products and businesses in Genesee County,” GCEDC President and CEO Steve Hyde said. “Low-interest GAIN loans have enabled producers to invest over $1 million into dairy, maple and malting operations.”
The New York Craft Malt project is the fifth in Genesee County to receive a GAIN loan. Previous recipients include Cottonwood Farms, Sandvoss Farms and Junior’s Maple.