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October 30, 2018 - 5:57pm

Local Dev Corp to consider loan for Yancey's Fancy

posted by Howard B. Owens in GGLDC, pembroke, business, news.

Press release:

The Genesee Gateway Local Development Corporation (GGLDC) will consider approving a revised and consolidated loan as well as two purchase and sale agreements for parcels in the Gateway II Corporate Park at the agency’s board meeting Thursday, Nov. 1st.

Yancey’s Fancy has requested the revision and consolidation of a January 2017 loan for an expansion project at the company’s town of Pembroke facility. A $233,449 loan from the corporation’s Revolving Loan Fund #2 will close out the fund in its entirety. It would be consolidated with two outstanding GGLDC loans for a total of $340,000.

Mega Properties, Inc. is seeking to purchase a 22.2-acre parcel of land at the Gateway II Corporate Park in the town of Batavia in order to construct a 60,000-square-foot facility. The company owns Mega Properties Inc., which also is located at Gateway.

Wellsville Carpet Town Inc. also is seeking to purchase a parcel of land at the Gateway II Corporate Park. Wellsville Carpet Town plans to construct a 15,000- to 20,000-square-foot facility for an outlet center at the site on approximately 2.9 acres. A purchase and sale agreement set the land price at $45,000 per acre. The company owns Ashley HomeStore, a business also located in the Gateway II Corporate Park.

Both Mega Properties Inc. and Wellsville Carpet Town Inc. may seek incentives from the Genesee County Economic Development Center (GCEDC) in the future.

alvin tufts
alvin tufts's picture
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Last seen: 1 year 1 month ago
Joined: Jun 22 2012 - 3:56pm

Maybe with this additional funding Yancey's Fancy will be able to afford some signage for their Pembroke facility. Are they trying to be discreet so that only local mice know that they make cheese there?

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