Press release:
The Genesee County Economic Development Center (GCEDC) will take action on three projects at the Board’s meeting on Thursday, March 30.
Coach Tony's, a specialty sauce food processor, is seeking to build a new 5,000-square-foot building on three acres within Apple Tree Acres. The company has been operating out of a leased facility in the Town of Bergen. Coach Tony’s is requesting that the GCEDC Board accept an application for sales tax, mortgage tax and property tax abatements.
The board also will consider approving a final resolution for tax exemptions in the City and Town of Batavia for O-AT-KA. In 2016, O-AT-KA made a capital investment of approximately $20.9 million for a 200,000-square-foot warehouse expansion. The capital cost increased $850,000 and as a result the sales tax increased $68,000.
Finally, the Board will consider a final resolution for approval of a GAIN Loan Fund for Jr. Maple, which owns and operates a maple syrup production farm in Batavia. The farm started with 800 taps, and has grown to 4,800 taps in just three years. The company is seeking a GAIN! Loan fund of $30,000 to purchase a more energy-efficient boiling system to enhance its operations.
The GCEDC Board meeting is open to the public and will take place in the Innovation Zone board room on 99 Medtech Drive starting at 4 p.m. on Thursday, March 30th.
If Coach Tony's needs all
If Coach Tony's needs all those tax abatements, then it doesn't belong in business.
Why should a large, profitable corporation like O-At-Ka get tax exemptions? Who in hell is going to cover for that loss of revenue? The struggling individual taxpayers??!!!!!