Imagine Monroe, formerly the County of Monroe Industrial Development Agency, has approved three local economic development projects expected to create or retain more than 150 jobs in Monroe County.
APM Holdings LLC is a real estate holding company for Addison Precision Mfg. Corp. APM is proposing to purchase 30 acres of land in the town of Greece in order to construct an 84,000-square-foot, state-of-the-art manufacturing facility.
The project will impact 79 full-time jobs and is projected to create eight new full-time jobs over the next three years. The county will provide a property tax abatement, as well as sales and mortgage recording tax exemptions.
Bio-Optronics Inc. is a health care information technology company that develops software for patient and staff scheduling used in clinical trials, surgeries and doctor’s offices. The company is proposing to purchase computers, servers and related wiring, as well as cubicles in its Brighton facility. The $100,000 project will impact 59 full-time jobs and is expected to create two new full-time jobs over the next three years.
Bio-Optronics has been approved for a GreatRebate on the equipment purchase and is seeking approval of the EquiPlus sales tax exemption.
LPPA 1 LLC is a Buffalo company proposing a multi-phase development of a mixed-use community of riverfront residential, recreational and commercial uses on the east bank of the Genesee River, south of the O’Rorke Bridge in Irondequoit.
The overall project, located on nearly 25 acres of brownfield land, will consist of a 125-unit multi-family apartment complex; two four-story, 52-unit multi-family apartment buildings with parking; as well as one three-story mixed-use building with 14 units of multi-family apartments and 8,000 square feet of commercial space, among other things.
The Imagine Monroe application is for Phase I and will encompass 5.5 acres for site work, construction of 125 apartments and commercial space. The project is supported by the Town of Irondequoit and the West Irondequoit School District.
LPPA is seeking sales and mortgage recording tax exemptions, as well as a JobsPlus property tax abatement. The job creation requirement is one full-time job.
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