GCEDC Approves Tax Breaks for Two Local Projects
Written by WBTA STAFF on July 13, 2018
Press Release:
BATAVIA, NEW YORK – The Genesee County Economic Development Center (GCEDC) approved incentives for two projects at the agency’s July 12th board meeting. The combined projects are anticipated to create 20 new jobs and approximately $7.6 million in capital investment.
J. Rental is receiving sales, mortgage and property tax exemptions of approximately $723,000 to build a new 60,000 sq. ft. facility on 19.5 acres in the Apple Trees Acres business park in Bergen. The $6.3 million project will create 15 new jobs. For every $1 in public benefit, the company is investing $14 into the local economy.
Lancor Development Corp. is proposing to invest $1.3 million to build a 12,000 sq. ft. facility in the new LeRoy Food and Technology Park. The project would create 5 new jobs and retain 7 jobs. Lancor is receiving sales and property tax exemptions of approximately $122,000. For every $1 of public benefit, the company is investing $28.5 into the local economy.
The board also accepted an application from Pearl Solar, LLC for the construction of two 2MW community solar farms for a combined total of 4MW at 2901 Pearl Street Rd. Both projects have the same address but would have separate parcel tax map numbers. Pearl Solar, LLC would make an approximate $6 million investment and is seeking approximately $288,000 in sales and property tax exemptions.
