Press release:
The Genesee County Economic Development Center (GCEDC) Board of Directors will consider resolutions advancing three projects with a combined capital investment of approximately $19.9 million at its board meeting on Thursday, September 9, 2021.
The GCEDC Board will consider a final application for incentives from Liberty Pumps for its proposed $13.7 million expansion at its operations in the town of Bergen at the Apple Tree Acres industrial park. The company plans on constructing a 107,138 sq ft. materials center, creating 30 new jobs with an average salary of $52,000 annually plus benefits.
Liberty Pumps is seeking property and sales tax exemptions of approximately $1.5 million. It is estimated the expansion project would generate $29 of private investment into the local economy for every $1 of public investment. A public hearing regarding the project incentives was conducted on August 26, 2021.
The Board also will consider accepting an initial application from Valiant Real Estate USA, Inc. (New York Bus Sales.) Valiant is proposing a $4.5 million capital investment to construct a 20,000 sq. ft. facility on Saile Drive in the town of Batavia. The project would create 24 new jobs with an average salary ranging from $30,000 – $75,000 annually plus benefits.
Valiant Real Estate USA, Inc. is seeking sales, mortgage, and property tax exemptions of approximately $430,120. The project is estimated to generate $50 of investment into the local economy for every $1 of public investment.
Finally, the Board will consider accepting an initial application from J & R Fancher Property Holdings LLC which is proposing to construct a two-story mixed-use building on 2.6 acres at Buffalo East Tech Park in the town of Pembroke. This is the first of three phases of development that Fancher is proposing at the tech park.
The $1.7 million investment would include six market-rate 1-bedroom and 2-bedroom apartments on the second floor and a first floor comprised of a 7,000 sq. ft. vanilla box interior intended to attract commercial tenants. The total planned square footage of the facility is 14,000 sq. ft.
J & R Fancher Property Holdings LLC is requesting sales, mortgage, and property tax exemptions totaling $254,336. and is estimated to produce $4 of investment into the local economy for every $1 of incentives.
If the initial applications for Valiant Real Estate USA, Inc. and J&R Fancher Property Holdings LLC are accepted, public hearings on the proposed project incentives agreements will be held prior to consideration of the final resolution.
The Sep. 9 GCEDC Board meeting will take place at 4 p.m. at 99 Med-Tech Drive, Suite 107. The meeting also will be available online at www.gcedc.com.
