Press release:
The Genesee County Economic Development Center (GCEDC) Board of Directors will consider an initial resolution for a proposed $3.25 million investment by J&R Fancher Property Holdings LLC at its board meeting on Thursday, March 3, 2022.
The J&R Fancher Property Holdings LLC project includes the construction of a 52,332 sq. ft. facility in the town of Pembroke at Buffalo East Tech Park. The facility will include a 45,000 sq. ft. pre-engineered steel warehouse building with 7,332 sq. ft. office space.
J&R Fancher Property Holdings LLC plans to create four full-time positions and with the investment, the project is expected to generate an estimated $9 in economic activity for every $1 of public investment. The project would receive approximately $900,000 in sales, mortgage, and property tax exemptions.
A public hearing on the proposed project would be held in the town of Pembroke at Pembroke Town Hall if the project application is accepted by the board of directors.
March 3, 2022, the GCEDC Board meeting will be held remotely at 4 p.m. A livestream and on-demand recording of the meeting also will be available at www.gcedc.com.
Wow that is almost a million
Wow that is almost a million dollars of taxpayer investment for 4 full time positions. Heads up J&R, could be an issue with Water .