GCEDC APPROVES INCENTIVES FOR GATEWAY GS, LLC AND TENNEY COIN LAUNDRY IN CITY OF BATVIA
Written by Alex Feig on March 8, 2019
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) approved incentives for two projects at the organization’s March 7, 2019 board meeting.
Gateway GS, LLC plans to invest $450,000 to build out the interior of an existing 27,000 sq. ft. spec building that the company constructed in 2018 at the Gateway II Corporate Park in the Town of Batavia. The project will create 5 new jobs.
Gateway GS, LLC will receive sales, mortgage and property tax exemptions totaling approximately $206,000. For every dollar of public benefit, the company will invest approximately $12.60 into the local economy.
Gateway GS, LLC intends to lease the space for various uses, including warehouse, distribution, light manufacturing, technology and commercial operations. The company has already lined up tenants for the improved facility, and plans to construct four additional buildings in the near future.
Tenney Coin Laundry, which located on Ellicott Street in the City of Batavia, is purchasing $197,896 in new equipment and was approved for a sales tax abatement of approximately $15,832. For every dollar of public benefit, Tenney Coin Laundry is investing $56.70 into the local economy.
Tenney Coin Laundry also has submitted a grant request to the Downtown Revitalization Initiative’s (DRI) building improvement fund for repairs to the facility’s facade as well as structural improvements. Funding through the DRI is administered by the Batavia Development Corporation.