GCEDC board accepts applications for assistance from two projects
The Genesee County Economic Development Center (GCEDC) voted to accept applications for incentives for two projects at the agency’s June 7th board meeting and direct the staff to set public hearings. The combined projects would create 20 new jobs and approximately $7.6 million in capital investment.
J. Rental is seeking sales, mortgage and property tax exemptions of approximately $723,000 to build a new 60,000-square-foot facility on 19.5 acres in the Apple Trees Acres business park in Bergen. The $6.3 million project would create 15 new jobs. The company will be investing $14 for every one dollar of public benefit.
Lancor Development Corp. is proposing to invest $1.3 million to build a 12,000-square-foot facility in the new Le Roy Food and Technology Park. The project would create five new jobs and retain seven jobs. Lancor is seeking 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.
“We are very excited to see the first development at our latest shovel-ready site in Le Roy,” said GCEDC Board Chair Paul Battaglia. “We have worked collaboratively with our local government partners to get the park off the ground. With the first tenant committing to the site we are fulfilling the GCEDC’s mission to rejuvenate manufacturing, grow the local tax base, create jobs and grow the overall regional economy.”
In 2013 the GCEDC board moved forward with a plan to create the 75-acre shovel-ready park in the Town of Le Roy. This project was identified to reverse the generational decline in manufacturing in Le Roy including the loss of nearly 500 jobs (-17.6 percent) in the last five years. Upon successful build-out of the park up to 1,000 jobs could be housed there in the long term, with anticipated manufacturing facility space at full build-out of approximately 600,000 square feet.