GCEDC ACCEPTS APPLICATIONS FOR INCENTVIVES FROM AMADA TOOL AND SIX FLAGS DARIEN LAKE, LLC
Written by WBTA STAFF on September 7, 2018
Press Release:
The Genesee County Economic Development Center (GCEDC) approved applications for incentives for two capital projects at the agency’s September 6th board meeting.
Amada Tool in the city of Batavia is planning an $8.8 million capital investment to increase the company’s manufacturing facility by approximately 19,000 sq. ft. in the city of Batavia. The project would create 17 new jobs and retain 68 current jobs.
The proposed investment includes $2.3 million in construction costs and $6.5 million in new equipment. Amada Tool is seeking property and sales tax exemptions of approximately $266,000. Approximately $85 will be generated in the regional economy for every one dollar of private sector investment by Amada.
Six Flags Darien Lake, LLC is one of the largest sales tax revenue generators in Genesee County and one of the region’s most popular tourism destinations, is planning to build and open a new $2.150 million ride in 2019. The company is seeking approximately $166,000 in sales tax exemptions.
Both projects will require public hearings as the companies are seeking incentives over $100,000.
