GCEDC board advances Le Roy project and request for more than $245K in tax breaks, hearing to be set
Press Release:
The Genesee County Economic Development Center (GCEDC) board of directors advanced an initial resolution for a project by 9 Lent Avenue, LLC in the village of LeRoy at their meeting on Thursday, September 5.
The proposed $3.8 million project would 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.
A public hearing for the proposed project agreement will be scheduled in the village of Le Roy.
The GCEDC Board also approved final resolutions for two community solar farm projects in the town of Le Roy.
FFP NY Le Roy Project1, LLC and FFP NY Le Roy Project2, LLC represent a total $20 million investment and will generate up to 7 megawatts of power through the installation of ground-mounted solar panels.
