GCEDC Board OKs incentives for two projects, accepts incentives application for solar project in Elba
Press release:
The Genesee County Economic Development Center (GCEDC) Board of Directors approved incentives for projects totaling $13.5 million of new capital investment at its May 6 board meeting.
Forefront Power LLC (Elba Solar) will invest $9.7 million to build a 5 megawatt community solar project on Norton Road in the Town of Elba. The project would generate approximately $518,803 in new revenue to Genesee County, the Town of Elba, and the Elba Central School District over the proposed 15-year agreement.
The project also will fund a community benefit agreement for workforce development and economic development projects in Genesee County. Forefront Power LLC will receive approximately $1.416 million in sales and property tax exemptions.
Batavia Special Needs Apartments LP is investing $3.75 million to add 20 living units to an existing special needs housing campus on East Main Street in the City of Batavia.
Batavia Special Needs Apartments LP is receiving approximately $772,000 in sales and property tax exemptions. Additional revenues from the project will be added to an existing PILOT (Payment In Lieu Of Taxes) agreement for the development
Application Accepted
The GCEDC Board also accepted an application by NY CDG Genesee 1 LLC (BW Solar) for a proposed 5 megawatt community solar project on Oak Orchard Road in the Town of Elba at a capital cost of $7.326 million. The project would generate approximately $518,803 in new revenue to Genesee County, the town of Elba, and the Elba Central School District over the proposed 15-year agreement.
A public hearing on the BW Solar project is scheduled for Monday, May 17 at 10 a.m., as the project is requesting incentives of more than $100,000.
