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Press release:
The Board of Directors of the Genesee County Economic Development Center (GCEDC) reviewed and approved four items at the organization’s July 11 board meeting. The projects would create approximately 60 new jobs, including 50 new jobs at Premiere Credit in downtown Batavia while retaining approximately 50 jobs at
Genesee County Economic Development Center -- through its financing arm, Genesee Gateway LDC -- is committing $500,000 to redevelopment projects in the City of Batavia as well as the business districts of Genesee County's towns and villages.
The money to start the new revolving loan fund is seeded from revenue
The next steps are yet to be determined.
That seems to be the ongoing response from city and county officials in the aftermath of an announcement by CEO Samuel Savarino that his company will be ceasing operations and laying off its employees.
Savarino is the developer of Ellicott Station, the four-story apartment complex touted as an economic lifesaver for downtown Batavia and for working individuals and families in need of an affordable, quality and safe place to live.
That economic vision was blurred earlier this year when the online rental application indicated income requirements of very low to low ranges, seemingly squelching the notion that the units would indeed be for workforce individuals. The Batavian had reached out to Savarino requesting details about a lottery that awarded rentals to 55 tenants. He wasn’t privy to such information, he had said at the time.
The Batavian was the first and only news source to report on the apparent requirements and changes in income at Ellicott Station. You can help community-minded local reporting continue by joining Early Access Pass.
Article written by Angelo Prospero. Prospero is a native of Batavia and grew up knowing many of the local boxers from Batavia's Golden Age of Boxing. He became a boxing writer and boxing historian of some note. He holds degrees in history from Conisius College and taught history at Trident
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