GCEDC board approves financial assistance for development in Pembroke
Press release:
The Genesee County Economic Development Center (GCEDC) Board of Directors approved financial assistance for a proposed $3.25 million project in the Buffalo East Tech Park at its board meeting on Tuesday, March 29, 2022.
J&R Fancher Property Holdings LLC plans to build a 52,332 sq. ft. facility in the town of Pembroke business park. The warehouse will include a 45,000 sq. ft. pre-engineered steel warehouse building with 7,332 sq. ft. office space.
This project will create four full-time positions and generate an estimated $9 in economic activity for every $1 of public investment. The project requested approximately $900,000 in sales, mortgage, and property tax exemptions.
A public hearing on the proposed project was held on March 21 in the town of Pembroke.
Located less than a mile from Interstate 90 Exit 48-A at State Highways 5 and 77, the Buffalo East Tech Park has previously enabled the construction of facilities for Yancey’s Fancy and Professional Turf Services.
