GCEDC board approves Koolatron and Premiere Credit projects
Submitted by Howard B. Owens on April 4, 2014 - 11:37am
The Board of Directors of the Genesee County Economic Development Center (GCEDC) approved applications for two projects at its April 3 meeting.
Mega Properties, Inc., (Koolatron) will implement a 20,000-square-foot expansion to its current facility in Gateway I Corporate Park in Batavia. The company was approved for a sales tax exemption of approximately $39,200, a mortgage tax exemption of approximately $6,250 and a property tax abatement of $144,648 based on incremental increase in assessed value. The planned capital investment will total an estimated $775,000 and is projected to create 5.5 new full-time equivalent jobs in three years after a certificate of occupancy is issued.
Mega Properties, Inc., is a Canadian company headquartered in Brantford, Ontario, with locations in the United Kingdom and the United States. The company began business with its flagship product line of 12-volt portable thermoelectric coolers and has expanded to manufacture, market and distribute a wide range of items through dealer/distributor network and the Internet.
Premiere Credit was approved for a sales exemption of $32,000 to expand is call center in the City of Batavia. The capital investment of the expansion project is $400,000 and the company has pledged 25 additional jobs, bringing the facility’s total employment up to 150 full-time equivalent employees.
In 2012, capital expenditure of Premiere Credit was $350,000 with 100 pledged jobs. In 2013, capital expenditure was $325,000 with 50 additional jobs pledged, resulting in the creation of 134 positions at the Batavia location.
“Companies in our county keep expanding operations at their facilities due to the increasing success they’ve experienced with the business climate here. The growth of these companies will continue to positively contribute to our job creation efforts,” said Wally Hinchey, GCEDC board chairman.