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Becker’s Hospital Review names Rochester Regional Health in Top 100 for cancer care

By Press Release

Press Release:

Rochester Regional Health (RRH) is proud to announce its inclusion in Becker’s Hospital Review’s esteemed list of the nation's Top 100 Health Systems with Outstanding Oncology Programs. 

This recognition highlights the exceptional work of the Lipson Cancer Institute and its dedication to providing top-tier, patient-centered cancer care. The list recognizes institutions which have “garnered national acclaim for advancing cancer care via their cutting-edge clinical trials and life-changing research.”

Becker's Hospital Review, a leading source of business and legal information for healthcare industry leaders, evaluates hospitals and health systems based on their cancer care services, patient outcomes and overall excellence. Organizations cannot pay to be featured on this list, making this recognition a true testament to the quality of oncology care provided by Rochester Regional Health.

“This recognition of the quality of cancer care being provided by the Lipson Cancer Institute is just one more example where Rochester Regional Health is distinguishing itself as a leader in healthcare in our community, our state and across the nation,” said Richard “Chip” Davis, PhD, CEO of Rochester Regional Health. “Our team’s dedication and expertise make us a leader in oncology, and we are grateful that they go above and beyond to ensure that our patients and their families receive the best care possible.”

This recognition by Becker’s comes on the heels of another recent accreditation for Rochester Regional Health. In August, the Lipson Cancer Institute received a three-year full accreditation as a Network Cancer Program from the American College of Surgeons Commission on Cancer. This accolade distinguishes Rochester General and Unity Hospitals as the only network of cancer centers in upstate New York granted this honor.

“Lipson Cancer Institute is proud to have met the rigorous guidelines required by the American College of Surgeons to achieve this prestigious accreditation,” said Prad Phatak MD, Executive Medical Director of Oncology at RRH. “This honor underscores the work of our multidisciplinary oncology teams who tirelessly provide gold-standard cancer care for our patients while understanding that treatment extends far beyond the physical to include mental and emotional health as well.”

These recognitions by Becker’s and The American College of Surgeons continue to shine the spotlight on Rochester Regional Health and the Lipson Cancer Institute as a beacon of excellence in cancer care, reinforcing the clinical expertise and dedication our clinicians and team members demonstrate every day.

Graham Corporation to present at the Southwest IDEAS Conference

By Press Release

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today announced that Daniel J. Thoren, President and Chief Executive Officer and Christopher J. Thome, Vice President – Finance and Chief Financial Officer, will present and host investor meetings at the Southwest IDEAS Conference at The Statler in Dallas on Thursday, November 21.

The Company presentation is scheduled to begin at 2:45 p.m. Central Time.  A live audio webcast of the event with accompanying slides will be available at GHM Investor Relations.  An archive of the presentation will be available at the same link following the conference.

City of Batavia hires new Human Resources Director, Gabrielle Kolo

By Press Release

Press Release:

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Gabrielle Kolo
Submitted photo.

The City of Batavia is pleased to announce the appointment of Gabrielle Kolo to the position of Human Resources Director for the City of Batavia. Kolo was selected following an extensive search for candidates and an active recruitment campaign.  She will assume her new role on December 1.

An Elma native, Kolo holds a Master of Science in Human Resources Management from the State University of New York at Stony Brook, a Bachelor of Science in Business Studies from SUNY College at Buffalo, as well as an advanced certificate in Human Resources Management, a Public Health Essentials Certificate, and SHRM-SCP Certification from the Society for Human Resource Management. 

Kolo currently serves as the Deputy Director of Human Resources for Wyoming County and Wyoming County Community Health Systems overseeing the administration of all personnel actions for the Board of Supervisors, oversite of the Civil Service Commission for the County, schools, and local municipalities in Wyoming County. 

Previous to her appointment to the Deputy Director of Human Resources in Wyoming County, she served for 15 years at Genesee Valley BOCES in various roles including the Human Resources Coordinator, Senior Human Resources Assistant, Human Resources Assistant, Program Assistant in Human Resources and Enrichment as well as an Account Specialist in Purchasing.  Kolo is a member of the Genesee Area Personnel Administration (GAPA) and the Society for Human Resources Management (SHRM).

“Gabrielle brings a wealth of knowledge in governmental human resource management and I am excited to begin working with her.  She is a great fit for the City of Batavia and will help support the City’s workforce with her strategic thinking, ability to lead teams and desire to advance the City’s Human Resources Department,” said Rachael J. Tabelski, City Manager.

Kolo is an avid sportswoman and hunter and lives with her husband in Akron. 

Daisy Rivera Algarin and Chemarrie Brown Join HCR Cares Board

By Press Release

Press Release:

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Daisy Rivera Algarin

Daisy Rivera Algarin and Chemarrie Brown have joined the HCR Cares board of directors.

HCR Cares, a nonprofit partner of HCR Home Care, focuses on addressing barriers to independent living and nursing-workforce shortages through research projects and educational initiatives.

Daisy Rivera Algarin is the manager of special projects within the city of Rochester's Neighborhood and Business Development Department. In this role, she oversees key initiatives such as the Rochester Community University, Community Gardens, the Neighborhood Service Center location study and Respect Rochester. Algarin was also instrumental on the La Marketa Planning Team for the North Clinton Avenue revitalization project, and she co-founded Latinas Unidas, an organization dedicated to empowering Latinas to achieve their full potential.

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Chemarrie Brown

Chemarrie Brown serves as chief legislative assistant and council coordinator in the office of Rochester Mayor Malik Evans. In this capacity, she coordinates legislation across city departments and manages the Council process for both the Mayor's office and the Neighborhood and Business Development Department. Additionally, she works as a direct-support professional for CDS Monarch, helping individuals with mental and physical disabilities manage daily life tasks.

Submitted photos.

Graham Corporation reports record revenue and strong margin expansion in second quarter FY 2025

By Press Release

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today reported financial results for its second quarter for the fiscal year ending March 31, 2025 (“fiscal 2025”).  Results for the quarter include the P3 Technologies, LLC (“P3”) acquisition, which closed on November 9, 2023.

  • Revenue increased 19% to $53.6 million, driven by strength across its markets 
  • Margin expansion fueled by sales growth and execution: Gross margin improved 790 basis points to 23.9% of sales, net margin increased 520 basis points to 6.1% of sales, and adjusted EBITDA¹ margin expanded 550 basis points to 10.5% of sales
  • Net income per diluted share was $0.30 in the second quarter; adjusted net income per diluted share¹ was $0.31
  • Strong orders of $63.7 million, driven by demand from defense, space, and refining, resulted in a book-to-bill ratio of 1.2x and a record backlog of $407 million²
  • Strong balance sheet with no debt, $32.3 million in cash, and access to $43 million under its revolving credit facility at quarter end to support growth initiatives
  • Raised full year guidance for gross margin and adjusted EBITDA¹ to reflect improved profitability

“Our team’s efforts to diversify and strengthen the business over the past few years are clearly yielding results, as shown by our record second-quarter performance,” commented Daniel J. Thoren, President and Chief Executive Officer.  “Strong sales growth in our markets, along with exceptional execution throughout the business, have driven meaningful margin expansion.  Our strategic emphasis on higher-margin opportunities and operational efficiencies has been a key driver of this success.”

Mr. Thoren added, “We are also focused on recruiting and retaining top talent, and have initiatives to enhance our supply chain, which helps us to improve performance and manage our risk.  These initiatives, along with our strengthened balance sheet, robust orders², and growing backlog², we believe positions us well to sustain growth and profitability for the next several years.  Importantly, we have raised our full-year adjusted EBITDA guidance, keeping us firmly on track to achieve our FY2027 target of low to mid-teen adjusted EBITDA margins.”

Graham Corporation unveils plans for advanced cryogenic propellant testing facility to drive innovation and meet growing customer demand

By Press Release

Press Release:

Graham Corporation (NYSE: GHM) (“Graham” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced today its plans to construct a state-of-the-art cryogenic propellant testing facility in Florida, near its P3 Technologies, LLC subsidiary.  

Leveraging Graham’s longstanding expertise in the cryogenic and space launch industries, this new facility will help to meet increasing demand for efficient, scalable testing solutions in key markets, including Space, Defense, New Energy, and potential applications in the medical field.

“We believe this new testing facility will strengthen our position as a trusted partner by directly addressing customer needs for timely and cost-effective cryogenic propellant testing, complementing our existing capabilities and advancing the support we can offer current programs,” said Dan Thoren, Graham Corporation President and Chief Executive Officer.  “This investment underscores our commitment to supporting both current and future customer programs through innovative and accessible testing solutions, while enhancing Graham’s role across the Space, Defense, and New Energy sectors.”

Christian Yunker appointed to Tompkins Community Bank Board for Western New York

By Press Release

Press Release:

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Christian Yunker
Submitted photo.

Furthering its commitment to community development, Tompkins Community Bank (Tompkins) has appointed Christian Yunker to its Community Bank Board for Tompkins Western New York. Yunker brings an extensive background in agriculture and economics to his new role. Before returning to his family’s business in 2008, Yunker served as a credit officer and relationship manager at Farm Credit East; currently, he is the managing partner of CY Farms, Batavia Turf, CY Heifer Farm and CY Properties, all operated out of Elba.

“Christian’s agricultural and economic expertise, in addition to his background in public service, will be an asset to our Board,” said Diane Torcello, president, Tompkins Western New York Market. “His knowledge of the area and extensive network will also benefit our board as we continue to expand how we support the communities we serve.”

A dedicated member of the community, Yunker is heavily involved in the Genesee County Legislature. He is a member of several committees, sharing his expertise on agricultural and rural affairs, public service, ag and farmland protection, soil and water conservation and more; Yunker is also a member of the Genesee Association of Municipalities Committee. Most recently, Yunker volunteered as president of the Genesee County Farm Bureau. A graduate of Cornell University, Yunker resides in Elba with his wife and three daughters.

Graham launches NextGen steam ejector nozzle, enhancing efficiency and sustainability in Gulf Coast refinery

By Press Release

Press Release:

Graham Corporation (NYSE: GHM) (“Graham” or “the Company”), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, announced today the successful launch of its NextGen steam ejector nozzle with a customer installation in a Gulf Coast refinery.  This marks a significant achievement for the Company's new technology, which was designed to offer efficiency improvements, environmental benefits, and enhanced profitability for customers.

Dan Thoren, Graham Corporation President and Chief Executive Officer, commented, “We are very proud to see our NextGen nozzle technology deliver such tangible results. The successful demonstration of our R&D investments through this installation proves the value of innovation in improving efficiency and sustainability. A key benefit of reducing steam consumption is the corresponding reduction in CO2 emissions, which can have a meaningful impact on a plant’s emissions profile and carbon credit position. By optimizing vacuum systems with this new technology, we help our customers improve both their operational efficiency and profitability, while also enhancing their environmental impact.”

Tompkins Financial Corporation reports third quarter financial results

By Press Release

Press Release:

Tompkins Financial Corporation ("Tompkins" or the "Company") reported diluted earnings per share of $1.30 for the third quarter of 2024, up 18.2% from the immediate prior quarter, and up 155.3% from the diluted earnings (loss) per share of $(2.35) reported in the third quarter of 2023. Net income for the third quarter of 2024 was $18.6 million, up $3.0 million or 18.9% compared to the second quarter of 2024, and up $52.0 million, or 155.9%, when compared to the net loss of $(33.4) million reported for the third quarter of 2023.  The increase in diluted earnings per share and net income compared to the results for the third quarter of 2023 largely reflects the Company's sale of $429.6 million of available-for-sale securities, which resulted in a pre-tax loss of $62.9 million (or $3.34 per share) in the third quarter of 2023.

For the nine months ended September 30, 2024, diluted earnings (loss) per share were $3.59, up from $(0.39) for the nine months ended September 30, 2023.  Year-to-date net income (loss) was $51.2 million for the nine months ended September 30, 2024, up $56.7 million when compared to $(5.5) million for the prior year period.  The growth in year-to-date diluted earnings per share and net income was mainly due the Company's sale of $510.5 million of available-for-sale securities which resulted in a pre-tax loss of $70.0 million (or $3.69 per share) for the nine months ended September 30, 2023.

Tompkins President and CEO, Stephen Romaine, commented, "Our third quarter net income was up over 18% as compared to the second quarter, driven by a strengthening net interest margin and growth across our business.  For the third quarter our net interest margin expanded 6 basis points, loan balances grew over 8% annualized and our fee-based services continue to provide diversified growing revenue as total noninterest income represented 31% of total revenue.  Year-to-date, our operating results were further supported by lower expenses, as noninterest expenses were down 1.5% as compared to prior year.  As we are seeing improving profitability we believe that we remain well positioned to continue to drive growth through quality customer relationships supported by our strong capital and liquidity."

SELECTED HIGHLIGHTS FOR THE PERIOD:

Net interest margin for the third quarter of 2024 was 2.79%, improved from the immediate prior quarter of 2.73%, and the 2.75% reported for the same period of 2023.

Total average cost of funds for the third quarter of 2024 was up 5 basis points compared to the second quarter of 2024, down from a 10 basis point increase from the first quarter of 2024 to the second quarter of 2024. 

Total fee-based services (insurance, wealth management, service charges on deposit accounts and cards) revenues for the third quarter of 2024 were up $648,000 or 3.2% compared to the third quarter of 2023.

Total noninterest expenses for the third quarter of 2024 were in line with the second quarter of 2024 and the third quarter of 2023.

Total loans at September 30, 2024 were up $119.4 million, or 2.1% (8.2% on an annualized basis) compared to June 30, 2024, and up $446.4 million, or 8.2%, from September 30, 2023.

Total deposits at September 30, 2024 were $6.6 billion, up $292.0 million, or 4.7%, from June 30, 2024, and down $45.5 million, or 0.7%, from September 30, 2023. 

Loan to deposit ratio at September 30, 2024 was 89.4%, compared to 91.7% at June 30, 2024, and 82.1% at September 30, 2023.

Regulatory Tier 1 capital to average assets was 9.19% at September 30, 2024, up compared to 9.15% at June 30, 2024, and 9.01% at September 30, 2023.

NET INTEREST INCOME

Net interest income was $53.2 million for the third quarter of 2024, up $2.2 million or 4.4% compared to the second quarter of 2024, and $2.2 million or 4.3% compared to the third quarter of 2023. The increase in net interest income compared to both the second quarter of 2024, and third quarter of 2023, resulted primarily from the increase in average loan balances and the average yield on those loan balances, partially offset by the increase in cost of deposits.

For the nine months ended September 30, 2024, net interest income was $154.8 million, down $2.3 million or 1.5% when compared to the same period in 2023.

Net interest margin was 2.79% for the third quarter of 2024, up 6 basis points when compared to the immediate prior quarter, and up 4 basis points from the 2.75% reported for the third quarter of 2023. The increase in net interest margin, when compared to the prior periods, was mainly driven by higher yields on interest earning assets and higher average loan balances, and was partially offset by higher funding costs.

Average loans for the quarter ended September 30, 2024 were up $143.4 million, or 2.5%, from the second quarter of 2024, and were up $445.7 million, or 8.3%, compared to the same period prior year. The increase in average loans over both prior periods was mainly in the commercial real estate and commercial and industrial portfolios. The average yield on interest-earning assets for the quarter ended September 30, 2024 was 4.66%, which was up from 4.56% for the quarter ended June 30, 2024, and up from 4.06% for the quarter ended September 30, 2023.

Average total deposits of $6.4 billion for the third quarter of 2024 were up $41.4 million, or 0.7%, compared to the second quarter of 2024, and down $67.0 million or 1.0% compared to the same period in 2023.  The cost of interest-bearing deposits of 2.35% for the third quarter of 2024 was up 8 basis points from 2.27% for the second quarter of 2024, and up 61 basis points from 1.74% for the third quarter of 2023.  The ratio of average noninterest bearing deposits to average total deposits for the third quarter of 2024 was 28.9% compared to 29.1% for the second quarter of 2024, and 31.0% for the third quarter of 2023.  The average cost of interest-bearing liabilities for the third quarter of 2024 of 2.71% represents an increase of 7 basis points over the second quarter of 2024, and an increase of 73 basis points over the same period in 2023.

NONINTEREST INCOME

Noninterest income of $23.4 million for the third quarter of 2024 was up $65.0 million or 156.2% compared to the same period in 2023.  Year-to-date noninterest income of $67.3 million was up $75.9 million or 881.7% compared to the same period in 2023.  The increase in quarterly and year-to-date noninterest income compared to the same periods in 2023 was mainly due to the $62.9 million and $70.0 million, respectively, pre-tax loss on the sale of available-for-sale securities in 2023 as discussed above.  Other income was up $1.3 million for the quarter ended September 30, 2024 compared to the same period in 2023, and included increases in gains on loan sales, derivative swap fee income, and BOLI income.

Also included in the increase for the third quarter of 2024 over the same period prior year were fee-based revenues which included wealth management fees, up $583,000, service charges on deposit accounts, up $118,000, card services income, up $61,000.

NONINTEREST EXPENSE

Noninterest expense was $49.9 million for the third quarter of 2024, which was in line with the third quarter of 2023.

Year-to-date noninterest expense for the period ended September 30, 2024 was $149.7 million, a decrease of $2.3 million or 1.5% compared to the $152.0 million reported for the same period in 2023.  The year-over-year decrease was mainly driven by lower other expenses (legal fees, marketing, professional fees,   retirement plan expense, and travel and meeting expense), partially offset by higher FDIC insurance expense.

INCOME TAX EXPENSE

The provision for income tax expense was $5.9 million for an effective rate of 23.9% for the third quarter of 2024, compared to tax benefit of $8.3 million and an effective rate of 20.0% for the same quarter in 2023. For the nine months ended September 30, 2024, the provision for income tax expense was $16.0 million and the effective tax rate was 23.7% compared to a tax benefit of $619,000 and an effective tax rate of 10.3% for the same period in 2023.  Lower tax expense for both the quarter and year-to-date periods in 2023 was mainly a result of lower income associated with the loss on the sale of securities described above.

ASSET QUALITY

The allowance for credit losses represented 0.94% of total loans and leases at September 30, 2024, up from 0.92% reported at both June 30, 2024 and December 31, 2023. The increase in the allowance for credit losses coverage ratio was driven primarily by updated economic forecasts for unemployment and gross domestic product for the quarter, as well as model assumption updates for prepayment speeds, curtailment rates, and recovery lag.  The increase in allowance for credit losses was partially offset by lower off-balance sheet reserves due to model changes related to utilization rates and a decrease in loan pipeline.  The ratio of the allowance to total nonperforming loans and leases was 88.51% at September 30, 2024, compared to 84.94% at June 30, 2024, and 156.96% at September 30, 2023.  The decrease in the ratio compared to the same prior year period was due to the increase in nonperforming loans and leases discussed in more detail below.

Provision for credit losses for the third quarter of 2024 was $2.2 million compared to $1.2 million for the same period in 2023. Provision for credit losses for the nine months ended September 30, 2024 was $5.2 million compared to $2.6 million for the nine months ended September 30, 2023.  The increase in provision expense for the quarter and year-to-date periods compared to the same periods in 2023 was mainly driven by loan growth which was up $119.4 million or 2.1%, and $446.4 million or 8.2%, respectively, and the increase in net charge-offs in 2024 over 2023. Net charge-offs for three and nine months ended September 30, 2024 were $912,000 and $1.6 million, respectively, compared to net charge-offs of $177,000 and net recoveries of $1.1 million for the same periods in 2023.

Nonperforming assets represented 0.78% of total assets at September 30, 2024, down slightly from 0.79% reported at June 30, 2024, and up compared to 0.41% at September 30, 2023. At September 30, 2024, nonperforming loans and leases totaled $62.6 million, compared to $62.5 million at June 30, 2024 and $31.4 million at September 30, 2023. The increase in nonperforming loans and leases at September 30, 2024 compared to September 30, 2023 was mainly due to the addition in the fourth quarter of 2023 of one relationship totaling approximately $33.3 million with two commercial real estate properties included in the office space and mixed use properties portion of the commercial real estate portfolio. The Company believes that the existing collateral securing the loans was sufficient to cover the exposure as of September 30, 2024.

Special Mention and Substandard loans and leases totaled $126.0 million at September 30, 2024, compared to $116.2 million reported at June 30, 2024, and $122.9 million reported at September 30, 2023.

CAPITAL POSITION

Capital ratios at September 30, 2024 remained well above the regulatory minimums for well-capitalized institutions. The ratio of total capital to risk-weighted assets was 13.21% at September 30, 2024, compared to 13.26% at June 30, 2024, and 13.46% at September 30, 2023. The ratio of Tier 1 capital to average assets was 9.19% at September 30, 2024, compared to 9.15% at June 30, 2024, and 9.01% at September 30, 2023.

LIQUIDITY POSITION

The Company's liquidity position at September 30, 2024 was stable and consistent with the immediate prior quarter end. Liquidity is enhanced by ready access to national and regional wholesale funding sources including Federal funds purchased, repurchase agreements, brokered deposits, Federal Reserve Bank's Discount Window advances and Federal Home Loan Banks (FHLB) advances. The Company maintained ready access to liquidity of $1.4 billion, or 18.0% of total assets at September 30, 2024.  As a member of the FHLB, the Company can use certain unencumbered mortgage-related assets and securities to secure borrowings from the FHLB. At September 30, 2024 the Company had an available borrowing capacity at the FHLB of $769.5 million. Through various programs at the Federal Reserve Bank, the Company has the ability to use certain loans and securities to secure borrowings from the Federal Reserve Bank's Discount Window.  At September 30, 2024 the available borrowing capacity with the Federal Reserve Bank was $142.0 million, secured by loans. In addition to the available borrowing lines at the FHLB and Federal Reserve Bank, at September 30, 2024, the Company maintained $508.7 million of unencumbered securities which could be pledged to further enhance secured borrowing capacity. 

OTB approves consultants’ plan for executive reorganization, approves jobs for two former Brown staffers

By Howard B. Owens
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CEO Byron Brown during Thursday's OTB board meeting.
Photo by Howard Owens

Shortly after the board of directors for the Western Regional Off-Track Betting Corp. approved Steve Casey as the first chief of staff at Batavia Downs on Thursday, his new boss, Byron Brown, reiterated that he had no involvement with Casey getting a job in marketing before Brown was named the new president and CEO of the corporation.

"I did not know he applied for a gaming license," Brown told a gaggle of reporters after Thursday's board meeting. "I did not know he was hired at Batavia Downs prior to me applying for the position.”

Casey's new position was created by an executive reorganization based on recommendations from consultants at True North. The board on Thursday approved a payment of $30,000 to True North for their consulting work.

Based on those recommendations, the board created a new executive organization with the following job titles:

  • Chief Executive Officer 
  • Chief Administrative Officer/Chief of Staff 
  • Chief Operating Officer
  • Chief Financial Officer
  • Vice-President of Operations
  • Vice-President of Business Development
  • Vice-President of Human Resources
  • Executive Office Manager
  • Director of Communications
  • Executive Business Administrator

The board eliminated the following job titles:

  • Director of Marketing
  • Director of Human Resources
  • Executive Chef

In addition to Brown as CEO and Casey as Chief of Staff, Ryan Hasenaurer was promoted from marketing director to vice president of business development. Danielle 
Fleming was named VP of Human Resources. Michael J. DeGeorge, who handled communications in the office of Mayor Byron Brown, was named director of communications at a salary of $130,000.

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Timothy Callan
Photo by Howard Owens

Brown said that based on the reorganization plan, he recommended Casey and DeGeorge for their new positions, which the board approved. Erie County's representative on the board, Timothy Callan, voted against the reorganization measures.

A number of media outlets have mistakenly reported that Brown hired Casey. On Wednesday, outgoing CEO Henry Wojtaszek told The Batavian he hired Casey not long after Casey first contacted him about a job back in May, months before there was an announced plan to replace Wojtaszek. Wojtaszek told Casey he would need to get a gaming license, which he did. Casey started working in marketing at Batavia Downs before the board hired Brown to replace Wojtaszek.

In an exclusive interview with The Batavian on Thursday, Casey confirmed that series of events with some additional details.

At 58, Casey said he started thinking about his retirement and that perhaps he should try to get back into the state's retirement system. While he's never been close with Wojtaszek, he's known him cordially for years, so in May, he decided to give Wojtaszek a call.

Casey said, "I'm thinking, 'Okay, it might be time to get back in. Where would I like to do that?' I think you saw a bit of chaos in Erie County. So I'm thinking, 'Where would a good spot be to go?' I knew Henry. We weren't close, but Henry and I, over the years, crossed paths, and I know him pretty well, so I reached out to Henry. 'Hey, any openings? I'd like to get back in the pension system.'"

Getting a gaming license normally takes weeks. Casey's was approved in about a week. Casey wasn't ready to start that soon so he didn't start working at the casino until September.

One of the issues Erie County reporters have raised regarding Casey is a wire fraud conviction against his former consulting company, LSS Strategies, in 2021. That came after a five-year FBI investigation that resulted in a $69 fine. 

"That application was the most comprehensive document I've ever seen," Casey said. "I literally sat with my attorney, and together, we went through it, answering all the questions, disclosed everything we possibly could so they could then make a decision. And fortunately, they came back and said, there's nothing there.”

Casey said the Gaming Commission was "100% fully informed."

"The most important factor was Steve Casey, as an individual, I don't have a point on my driver's license. I don't have a misdemeanor. I don't have a felony. There's nothing against me as an individual,” he said.

Casey said he didn't learn that Brown was a potential candidate for the job until August or September.

"I've kept in touch with the mayor over the years since I left city government, but when I first came here, it was not based on whether the mayor would come here," Casey said. "He was still in the middle of his budget stuff in May. You're looking at April, May, June. So, my coming here solely had to do with me looking at opportunities for my pension and getting back into government."

Casey is excited, he said, to take on his new role at the OTB and is already impressed by the quality of the people he will be working with.

"I can tell you, I started at the bottom level here," Casey said. "I was seeing everybody on the floor, talking to all the employees here. They didn't know who I was. They didn't know my background. Extremely professional, incredible staff, very talented. 

I'll tell you one specific example," Casey added. "The CFO here. I've worked in Albany, in Albany for nine years and in government for 24 years. I've seen some of the best budget directors you've ever seen, from the speaker's budget director to the governor's budget director. Jackie Leach is by far one of the single most talented CFOs I've ever seen. She knows everything about this place, the institutional knowledge, and her ability to do what she does here. I mean, it's a top-notch staff, and I'm looking forward to working with such a talented staff."

Previously: Information provided by OTB leaders contradicts widely reported accounts of staff hiring at Batavia Downs

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Steve Casey, new chief of staff at Batavia Downs.
Photo by Howard Owens.

ESL Federal Credit Union named one of the country’s best workplaces for women

By Press Release

Press Release:

ESL Federal Credit Union is pleased to announce that Great Place to Work® and Fortune magazine named the locally-owned financial institution one of 2024’s Best Workplaces for Women.

ESL ranked number 19 on the list of 50 Best Small and Medium Workplaces for Women. In a separate ranking, the Great Place to Work list also includes 100 large companies to complete the full list of Best Workplaces for Women.

To determine the Best Workplaces for Women™ list, Great Place to Work measures key behaviors that drive trust in management, connection with colleagues, and loyalty to the company from more than 600,000 responses. The survey gives employees the opportunity to share confidential quantitative and qualitative feedback about their organization’s culture by responding to 60 statements on a five-point scale and answering two open-ended questions.  

“We are thrilled to be named a Great Place to Work for Women once again,” said Faheem Masood, president and CEO, ESL Federal Credit Union. “We are proud that the ESL workforce is comprised of more than 65% women, working in important roles at all levels of the organization. Women find satisfying and fulfilling careers at ESL and we are so proud they report being so happy in our workplace.”

The full list of Best Workplaces for Women can be viewed at: https://www.greatplacetowork.com/best-workplaces/women/2024

This marks the third Great Place to Work selection for ESL in 2024. In September, ESL was selected as a Great Place to Work in Financial Services and Insurance, and in June ESL was selected as a Great Place to Work in New York State.

Graham Corporation announces second quarter fiscal year 2025 financial results conference call and webcast

By Press Release

Press Release: 

Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, announced that it will release its second quarter fiscal year 2025 financial results before financial markets open on Friday, November 8.

The Company will host a conference call and webcast to review its financial and operating results, strategy, and outlook. A question-and-answer session will follow.

Second Quarter Fiscal Year 2025 Financial Results Conference Call

  • Friday, November 8
  • 11 a.m. Eastern Time
  • Phone: (201) 689-8560
  • Internet webcast link and accompanying slide presentation: ir.grahamcorp.com

A telephonic replay will be available from 3 p.m. ET on the day of the teleconference through Friday, November 15. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13749103 or access the webcast replay via the Company’s website at ir.grahamcorp.com, where a transcript will also be posted once available.

UConnectCare promotes Ferry to Assistant CFO

By Press Release

Press Release:

jessica-ferry-1.jpg
Jessica Ferry
Submitted photo.

UConnectCare has promoted Jessica Ferry to the position of Assistant Chief Fiscal Officer.

John Bennett, chief executive officer of the nonprofit agency (formerly Genesee/Orleans Council on Alcoholism and Substance Abuse), announced the promotion of Ferry, who was hired as a finance manager in June.

“Jessica’s ability to tackle pressing financial issues, including budget planning, and her can-do attitude set her apart,” Bennett said. “We are very fortunate to have her on our fiscal team.”

Ferry graduated from Honeoye High School in 2010 and went on to earn a bachelor’s degree in criminal justice from SUNY Brockport. She became interested in office administration while working for a firearm restoration business in Victor, and later served as office manager and treasurer for SJF Construction in Darien.

Before coming to UConnectCare, she worked as a bookkeeper for a marketing company and staff accountant for a public accounting firm in Buffalo.

Ferry said she is impressed by UConnectCare employees’ dedication and “sense of pride” in helping people struggling with substance use disorders and in recovery.

“For me, working here is a breath of fresh air,” she said. “Our work is important in that there is a dire need for these type of services in the GLOW (Genesee-Livingston-Orleans-Wyoming) region.

A sports fan and fitness enthusiast, Ferry lives in Darien with her two young children, Molly and Hudson.

News surfaces that suggests Plug Power pulling out of WNY STAMP

By Howard B. Owens
plug power WNY STAMP
FIle photo by Howard Owens

Is Lathan-based Plug Power pulling the plug on its $290 million green hydrogen fuel plant under construction at WNY STAMP?

Heatmap, a news organization that tracks alternative energy companies, reports that the STAMP site is not included in Plug Power's loan application with the Department of Energy. 

Plug Power has preliminary approval for a $1.6 billion loan from the DOE to help it build more fuel plants. The company is aiming to become the nation's first vertically integrated green hydrogen producer, providing customers with fuel, products, and support.

Chris Suozzi, VP for business and workforce development at the Genesee County Economic Development Center, reportedly told a Washington, D.C.-based commercial real estate firm that Plug Power's STAMP project is on hold.

Asked to authenticate the quote, Suozzi said, "no comment."

According to Heatmap, Suozzi spoke to PRP Real Estate Management. The firm recorded the phone call.

“They’re not ready to go," Suozzi reportedly said. "They’re on pause. We don’t know what’s going to happen with them at this point.”

Plug Power has not responded to The Batavian with requests for comment, including a spokesperson The Batavian has communicated with before, who didn't respond to an email sent early Friday morning.

The Batavian also reached out to two people in Sen. Charles Schumer's office  seeking comment. Schumer has been a major proponent of STAMP and a supporter of Plug Power's initiative. The Batavian has not received a response.

Editor and Publisher has described Heatmap as a start-up news company run by seasoned professionals. The company lists its leadership and reporters on its masthead, and all have substantial credentials.

The story published two days ago indicates a lawsuit filed by the Tonawanda Seneca Nation may be influencing Plug Power's actions.

Environmental justice issues have also been a drag on development. The native Tonawanda Seneca Nation is opposed to the entire industrial park because of the resulting impacts on wildlife, noise and the visual landscape. In April, the Fish and Wildlife Service revoked a necessary permit for a wastewater treatment pipeline that would be used by companies at the park.

Earthjustice attorney Alex Page – who is working with the Nation to fight the project – told me the tribe was told last year by the Energy Department that Plug Power had withdrawn the New York site from its loan application. The Nation will continue to fight the project and DOE’s loan financing to Plug Power on the chance that money could be reprogrammed to the industrial park. Page said: “The Nation remains very, very much opposed.”

When Plug Power received its preliminary loan approval in May, The Batavian published this explainer about the project:

  • Plug Power is a New York-based company with headquarters in Lathan. It is a "green hydrogen" company, which means it uses renewable energy sources to convert water into hydrogen fuel, which can be stored in fuel tanks and sold to power vehicles and factory equipment.  
  • In its 20-year history, Plug Power has never turned a profit. It's annual revenue is currently about $800 million. In 2023, the company reported a $1.4 billion loss. 
  • Plug Power is building a $290 million hydrogen energy plant in WNY STAMP, the GCEDC-developed high-tech business park in Alabama. The plant is expected to employ 69 people with an average annual salary of more than $70,000. In exchange for the job creation, the company is anticipating $2 million in grants from New York State. 
  • The company received $118.2 million in sales and property tax exemptions from the Genesee County Economic Development Center. Over the 20-year life of the property tax extensions, Plug Power will make payments in lieu of taxes totaling $2.3 million annually, which will be shared by Genesee County, the Town of Alabama, and the Oakfield-Alabama School District.  Each jurisdiction will also receive an increasing amount of property tax payments each year over the life of the agreement.
  • In March, the DOE awarded Plug Power grants totaling $75.7 million.
  • The DOE loan, if finalized, is expected to help Plug Power complete the WNY STAMP plant, along with five others in the nation, which is reportedly critical to the company generating the hydrogen fuel sales necessary to start achieving profits.
  • This phase of the loan guarantee process requires the DOE and Plug Power to negotiate a term sheet, which means "certain technical, legal, environmental and financial conditions, including negotiation of definitive financing documents, must be satisfied before funding of the loan guarantee" (company statement).

For previous coverage of Plug Power, click here.

International company with roots in Genesee County celebrates next stage of growth in Bergen

By Howard B. Owens
oxbo-ground-breaking-bergen
Joe Perzia, president of Oxbo.
Photo by Howard Owens.

A homegrown company is growing again.

On Wednesday, Oxbo International hosted a ceremonial groundbreaking at its future 195,000-square-foot manufacturing facility at 7101 South Lake Road, Bergen.

The new factory, situated on 49.7 acres, will replace the existing plant at 7275 Byron Road, Byron.

"We outgrew our facility back in the late 90s. So, 25 years later, we finally thought we should do something about it," said Joe Perzia, president of Oxbo. "We're a little slow on the uptake. Over the years, we've prided ourselves on lean manufacturing principles and tried to get as much production through a tiny space as possible. But being resourceful, some say frugal, has its limitations. This is no longer suitable for going company, so with the full support and encouragement of our shareholders, we are moving forward in this new chapter."

The new location is part of the GCEDC-created industrial park, Apple Tree Acres, which already includes Liberty Pumps, Craft Cannery ), All Season Party Tent Rentals, GE Renewable Energy, Insurance Auto Auctions, and Leonard Bus Sales.

The $43 million project is expected to create 140 jobs initially with plans to add 60 more.

Financial assistance for the project has come from Genesee County Economic Development Center and Empire State Development.

GCEDC's assistance is in the form of sales tax exemptions estimated at approximately $1.75 million, a property tax abatement of approximately $2.15 million via payment in lieu of taxes (PILOT), and a mortgage tax exemption of $366,000.

Additionally, ESD award Apple Tree Acres a $1.26 million grant that supports needed electrical infrastructure upgrades, including improvements to the electrical substation and distribution lines, increasing the capacity to serve anticipated load growth. The upgrades are expected to assist not just the new facility, but the rest of the industrial park.

Assemblyman Steve Hawley praised Oxbo as a local success story.

"Oxbo is a shining example of the entrepreneurial spirit being alive and well in Western New York, and I couldn't be more thrilled with the work they'll be doing following this groundbreaking. We've got more jobs on the horizon, more focus on the importance of the agriculture industry in this state and across the world, and more faith in our farmers with these continued investments in farming technology."

Oxbo began in Byron as a pallet repair business and then became Byron Equipment after filing for a patent on a corn head -- a mechanism to attach to the front of a combine that picks ears of corn off of stalks, leaving the stock behind. 

The company then grew through mergers and acquisitions.

In 1998, Byon Equipment acquired a competitor in Wisconsin, and the new management team settled on the name Oxbo, after an oxbow that yolks and ox team together, to symbolize the concept of the new two integrated teams pulling together.

Both plants stayed in production.

In 2003, Oxbo acquired a pea-picking combine company in Illinois and moved that manufacturing operation to Byron.  Oxbo is the only manufacturer of a pea-picking combine in the U.S.  

In 2004, Oxbo acquired a fruit company in Washington state, and this past June, the company acquired another company in Wisconsin.

However, one of the biggest mergers occurred in 2009, when Oxbo merged with its largest customer in Europe and moved its headquarters to the Netherlands.

The company also operates plants in Brazil, the United Kingdom, and France.

Oxbo employs about 1,200 people in total, 700 in the U.S. The company's gross annual revenue exceeds $400 million.

Shelley Stein, chairwoman of the County Legislature, noted how the grit and determination of a local farmer, Richard 'Lefty' Glazer, to take an entrepreneurial leap and create a copay that now serves a worldwide agricultural industry.

"Homegrown talent and skills joined up with innovation then and now have created the need to continue that growth in supporting agribusiness in our county, our region and our world," Stein said. "Genesee County commends Oxbo for their continued growth and expansion."

oxbo-ground-breaking-bergen
Photo by Howard Owens.
oxbo-ground-breaking-bergen
Chris Suozzi, VP of of business and workforce develoment, GCEDC.
Photo by Howard Owens.
oxbo-ground-breaking-bergen
SHelley Stein, chairman Gensee County Legislature
Photo by Howard Owens.
oxbo-new-building
Rendering of new Oxbo facility that is now under construction.
Image from planning documents.

Tompkins Financial Corporation promotes Erin Freije to Marketing Director

By Press Release

Press Release:

erin-freije.jpeg
Erin Freije
Submitted photo.

Demonstrating its commitment to fostering internal growth and professional development, Tompkins Financial Corporation (Tompkins) has promoted Erin Freije to director of marketing. Freije will oversee day-to-day operations across Tompkins’ marketing communications, internal communications, product management, and customer experience.   

“Erin has been an integral member of our team since 2018,” Charles Guarino, SVP and chief banking operations officer at Tompkins. “She has streamlined countless processes for us and, more importantly, spearheaded numerous initiatives to enhance our offerings to customers.”

Previously, Freije was the retail loan product manager and associate vice president at Tompkins, where she spearheaded the launch of new products, system implementations and digitally focused initiatives. With nearly a decade of experience in product management, Freije has ample expertise in traditional and digital marketing, in addition to marketing communications as it relates to banking and financial institutions.

A graduate of SUNY Geneseo and Messiah University’s MBA program with a focus in strategic leadership, Freije currently serves on United Way of Broome County’s Board. She lives in Central New York with her husband and two daughters.

Chairman's Statement: GCEDC evaluating whether data centers are good fits for STAMP

By Press Release

Press release:

“Almost 20 years ago, the Genesee County Economic Development Center developed a concept to bring the next generation of emerging businesses to Genesee County.  This led to the development of the Science Technology and Advanced Manufacturing Park (STAMP) in the town of Alabama.

“Through the years, STAMP has been fortunate to receive significant financial support from our federal, state and local government partners which has been contingent on our commitment to bringing these next generation of businesses and the significant number of good paying jobs and economic impact that come with them.  This support has also resulted in hundreds of inquiries from companies and site selectors in the United States and internationally.  This strong interest in STAMP continues today.

“As such, the GCEDC Board and staff remain resolute in our vision to bring these jobs and capital investment from companies in the advanced manufacturing, renewable energy and semiconductor sectors. We also need to be mindful of continuing to build out infrastructure at the site, including the electric substation, which is a critical aspect of bringing these companies to STAMP.

“Regarding the latter, two projects not in targeted industry sectors have approached the GCEDC with an interest in coming to STAMP.  At this time, the GCEDC Board and staff is considering applications from these applicants, both of which are proposing to construct data centers at STAMP. 

“In assessing projects such as data centers, the GCEDC considers several different factors, including assessing the number of good-paying jobs in the local community created, the footprint of this type of project and its electric and water needs with the intent of minimizing its impacts so we can further our continued efforts in bringing to STAMP the types of companies that can create significant job and economic growth that we are targeting for at STAMP.  Advanced manufacturing, renewable energy and semiconductor sector projects often require a much larger footprint. They can have significant infrastructure needs that must be considered when evaluating applications for projects such as data centers.

“We are obligated to our government partners and Genesee County residents to carefully vet applications to facilitate local economic growth and development, which fosters investment and job creation to benefit our residents and children. 

“In this instance, a decision will ultimately be made on whether the proposed projects fulfill our vision for STAMP. We look forward to working with companies and stakeholders as the GCEDC Board considers these applications.”

Schumer announces $18 million funding assistance for Edwards Vacuum plant at STAMP

By Press Release
edward-groundbreaking-schumer-2024
File photo. Groundbreaking for Edwards Vacuum earlier with year, with Sen. Charles Scumer in the center of the group.
Photo by Howard Owens.

Press release:

After announcing that Edwards Vacuum plans to build a manufacturing facility in Western New York two years ago, U.S. Senate Majority Leader Chuck Schumer today announced Edwards Vacuum has reached a $18 million preliminary memorandum of terms (PMT) funding agreement with the U.S. Department of Commerce under the CHIPS & Science Law he championed. This proposed federal funding will support Edwards Vacuum’s plans to build its new $300+ million dry pump manufacturing facility for the semiconductor industry, the first of its kind in the country, as there is currently no domestic production of semiconductor-grade dry vacuum pumps.

“This investment will ensure an essential part of the semiconductor supply chain – that will be surging in demand – is made right here in Genesee County. I am proud to announce my CHIPS & Science Law is investing $18 million in Edwards Vacuum’s expansion in Western New York, creating the first dry pump vacuum manufacturing facility of its kind in America,” said Senator Schumer. “From Micron to GlobalFoundries, all the major semiconductor companies in New York and across America need vacuum technology for their chip fabs, that only Edwards will make in the USA. A historic $300+ million manufacturing facility like this, with over 600 good-paying jobs, was only a dream a few years ago. But I urged Edwards Vacuum to expand in Western NY because I knew this region had the potential to become the beating heart of America’s semiconductor supply chain.”

Schumer added, “This continued investment by the Biden administration is proof positive the value of our region as a ‘Tech Hub’ and America’s emerging semiconductor superhighway. Today, Edwards Vacuum’s plans to expand in Western NY move forward. And that dream becomes one step closer to becoming a reality thanks to my CHIPS & Science Law.”

Today’s proposed federal funding will support a planned $300+ million investment and 600+ good-paying jobs when the facility reaches full production capacity. Schumer explained all chip fabs need vacuum technology like what Edwards makes to power the sophisticated equipment and state-of-the-art machine tools needed to make microchips.  Those tools need and use vacuum pumps, like those that will now be made in Western New York, to manipulate the chip wafers to manufacture the finished microchips. By bringing manufacturing to New York, new chip fabs such as Micron and GlobalFoundries in New York, and Intel in Ohio can have access to critical dry pumps that will now be made in the U.S., offering chip producers shorter wait times, improved responsiveness, and reduced CO2 emissions from an American-made product. 

This is the third agreement for a New York company from the CHIPS Incentives Program funded by Schumer’s CHIPS & Science Law. Earlier this year, Schumer announced that Micron, which plans to invest $100 billion over the next two decades – the largest private investment in New York’ s history – reached a $6.1 billion CHIPS PMT funding agreement. In addition, GlobalFoundries in the Capital Region also reached an agreement for $1.5 billion in direct grant funding under his CHIPS  & Science Law to support a $12.5 billion public-private investment over the next ten plus years to expand and construct a second, new state-of-the-art computer chip factory in Malta, NY.  

Schumer added, “The CHIPS & Science Law keeps delivering for New York. We are seeing more targeted federal investment in this region to bring back manufacturing than ever before, and awards like this show that the I-90 corridor truly is becoming America’s semiconductor superhighway.”

 “New York State is a national leader in reshoring advanced manufacturing and research and this could not have been accomplished without the combination of the federal CHIPS and Science Act and New York State's Excelsior Jobs Program,” Governor Hochul said. “As a result, Edwards Vacuum is bringing 600 good jobs to Upstate New York, bolstering our semiconductor ecosystem, and setting the stage for regional success. This is proof that when we work together the sky's the limit, and none of it would be possible without the partnership of the Biden-Harris Administration, Commerce Secretary Raimondo and New York’s congressional delegation."

Schumer has been a relentless champion for expanding the semiconductor supply chain in Western NY. Schumer personally called Geert Follens, President of the Vacuum Technique Business Area for Edwards parent company Atlas Copco Group, to urge the global semiconductor supply chain company to expand in Upstate New York. Later that year Schumer announced with Governor Hochul that Edwards Vacuum had heeded their calls and planned to build their new manufacturing facility in Genesee County.  Earlier this year, Schumer celebrated Edwards Vacuum’s groundbreaking ceremony in Genesee County for Phase 1 of their construction which is expected to be completed in 2028.

Schumer last year also helped the Buffalo-Rochester-Syracuse region win the prestigious Tech Hub designation through his CHIPS & Science Law and earlier this year secured a historic $40 million investment to implement the Tech Hub’s work with companies like Edwards. The proposal called the “NY SMART I-Corridor Tech Hub” has built on the historic investments Schumer delivered that have spurred a boom in semiconductor manufacturing and innovation across Upstate NY. Edwards Vacuum is working with Genesee Community College and Tech Hub partners like Monroe Community College, Erie Community College, and the Northland Workforce Training Center to help them hire and train hundreds of new workers.

 

Thanks to Schumer’s CHIPS & Science Law, Upstate New York has seen a major revival in tech manufacturing. Micron has announced plans for a historic $100+ billion investment to build a cutting-edge memory fab in Central New York. GlobalFoundries plans to invest over $12 billion to expand and construct a second, new state-of-the-art computer chip factory in the Capital Region. In the Mohawk Valley, Wolfspeed has opened a 200mm silicon carbide fabrication facility, one of the largest, with plans to further expand their operations. TTM Technologies, a printed circuit board manufacturer, plans to invest up to $130 million to expand their facilities in Onondaga County, creating up to 400 good-paying jobs. Menlo Micro will invest $150 million to build their microchip switch manufacturing facility in Tompkins County, creating over 100 new good-paying jobs. In addition, Upstate New York is home to semiconductor supply chain companies like Corning Incorporated, which manufactures glass critical to the microchip industry at its Canton and Fairport, NY plants.

The PMT outlines key terms for Edwards Vacuum’s CHIPS agreement. To finalize the federal CHIPS agreement, the Commerce Department will now begin a comprehensive due diligence process on the proposed project and other information contained in the application. After satisfactory completion of the due diligence phase, the Commerce Department will finalize the PMT.

  

Graham Corporation announces participation in noble Capital Markets’ C-Suite interview series

By Press Release

Press Release:

Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission-critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today announced its participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

In this exclusive interview, Graham Corporation's Chief Executive Officer, Daniel J. Thoren, andChief Financial Officer, Christopher J. Thome, sit down with Noble Capital Markets Research Analyst Joe Gomes to provide insights into the Company’s ongoing strategic transformation and growth outlook.

The interview, recorded on September 20 is now available at Channelchek and at GHM Investor Relations.

GCEDC approves $3.8M Le Roy project to create 4 new jobs

By Press Release

Press Release:

The Genesee County Economic Development Center (GCEDC) board of directors approved a final resolution for a project by 9 Lent Avenue, LLC in the village of Le Roy at their meeting on Thursday, October 3.

The proposed $3.8 million project will renovate an existing 32,500 square-foot structure at 9 Lent Avenue and create 4 new jobs.

9 Lent Avenue, LLC has requested assistance valued at $267,725 in property tax abatements and $77,600 in sales tax exemptions, with the project estimated to generate $3,382,738 in fiscal returns based on new employment and new municipal revenue.

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