GCEDC APPROVES INCENTIVES FOR AMADA TOOL AND SIX FLAGS DARIEN LAKE
Written by WBTA STAFF on October 5, 2018
Press Release:
The Genesee County Economic Development Center (GCEDC) approved incentives for Amada Tool and Six Flags Darien Lake LLC, and accepted an application for an expanded PILOT agreement to support the Ellicott Station development at the agency’s October 4, 2018 board meeting.
Amada Tool in the city of Batavia was approved for incentives for an $8.8 million capital investment to increase the company’s manufacturing facility by approximately 19,000 sq. ft. The project will create 17 new jobs and retain 68 current jobs. The approved investment includes $2.3 million in construction costs and $6.5 million in new equipment. Amada Tool was approved for property and sales tax exemptions of approximately $266,000.
Six Flags Darien Lake, LLC was approved for approximately $166,000 in sales tax exemption to build a new $2.15 million ride that is scheduled to open in 2019. Six Flags Darien Lake, LLC is one of the largest sales tax revenue generators in Genesee County.
The PILOT agreement expansion requested by Savarino Companies for the Ellicott Station development was based on increased capital costs, from approximately $17.6 million to $21.75 million, and the development’s footprint, which will expand from 73,100 sq. ft. to 99,111 sq. ft. The expansion includes the addition of at-grade garages for residents as well as increasing the number of housing units from 51 units to 55 units.
