GCEDC ACCEPTS APPLICATIONS FROM GRAHAM MANUFACTURING AND GATEWAY GS, LLC
Written by Alex Feig on February 8, 2019
The Genesee County Economic Development Center (GCEDC) voted to accept applications for incentives from Graham Manufacturing and Gateway GS, LLC at the agency’s February 7, 2019 board meeting.
Graham Manufacturing is investing $1.075 million for capital improvements to expand various properties at its campus in the city of Batavia. The company will renovate an existing 8,000 sq. ft. of buildings, including an expansion and renovation of its 4,000 sq. ft. welding school to meet market demand for welders.
An existing 4,000 sq. ft. manufacturing building also will be repurposed and the company will build a new 5,000 sq. ft. warehouse for storage needs. The capital investments will help Graham retain 291 jobs in the city of Batavia.
The company is seeking sales, mortgage and property tax exemptions totaling approximately $130,000. For every $1 of public benefit offered, Graham Manufacturing is investing and helping generate an economic contribution/ impact of approximately $5.90 into the economy.
Gateway GS, LLC is investing $450,000 to build out the interior of an existing 27,000 sq. ft. speculative building the company constructed in 2018 at the Gateway II Corporate Park in Batavia. The project would create 5 new jobs.
Gateway GS, LLC intends to lease the space where tenants would provide input to the final buildout. Among the various uses that the building offers includes space for warehouse, distribution, light manufacturing, technology and commercial operations.
The company is seeking sales, mortgage and property tax exemptions totaling approximately $206,000. For every $1 of public benefit offered, Gateway GS, LLC is investing and helping generate an economic contribution/ impact of approximately $12.60 into the economy.
“We are very excited to support two great projects that will have significant economic impacts for Genesee County and Batavia,” said GCEDC Board Chairman Paul Battaglia. “These projects demonstrate the importance of assisting companies such as Graham Manufacturing that are retaining jobs and in the instance of Gateway GS creating new jobs and hopefully even more new jobs as they bring in tenants to their spec building.”