STAMP

Press Release:

The Genesee County Economic Development Center and National Grid today announced that a 1.9-mile portion of a 115-kilovolt electric transmission line in Genesee County has been relocated to open more than 300 acres of land for future development at the Science & Technology Advanced Manufacturing Park site.

The transmission line, which had previously cut across a portion of the 1,250-acre site, now runs adjacent to it. Future tenants will join Plug Power and Edwards at STAMP and have clean hydropower delivered to them from the Niagara Power Project in Lewiston, N.Y. Delivering hydropower to STAMP aligns with New York’s Climate Leadership and Community Protection Act goal to obtain 70 percent of electricity statewide from renewable sources by 2030 on the path to a zero-emission grid.

More than $1 billion will be invested at STAMP by Plug Power and Edwards for projects that will create up to 680 new, family-sustaining jobs in the emerging green hydrogen and semiconductor sectors. Plug Power is constructing North America’s largest green hydrogen manufacturing facility with a $677 million investment that will produce 74 tons of green hydrogen a day. Edwards is investing approximately $319 million to build a semiconductor dry pump manufacturing facility that the company has dubbed as its factory of the future.

“Between Edwards and Plug Power, and recent infrastructure upgrades thanks to Governor Kathy Hochul and New York State, STAMP has generated $1 billion of capital investment and National Grid has played a vital role in helping us attract projects that will benefit Genesee County and surrounding communities, including the Buffalo and Rochester regions, for generations to come,” said GCEDC President and CEO Steve Hyde. 

“The hydropower provided by the New York Power Authority and the infrastructure built by National Grid are energizing companies of the future right here at STAMP, giving us a competitive advantage as we compete globally for companies in these emerging business sectors.”

“The electric infrastructure and equipment needed to serve STAMP customers are state-of-the-art and will provide the necessary capacity to deliver renewable hydropower to Plug Power and Edwards, as well as future STAMP tenants,” said National Grid Regional Director Ken Kujawa. He added that the transmission circuit at STAMP is paired with an additional 115 KV transmission line that will be connected to a 600-megawatt substation that is currently under construction. 

“We have a responsibility to provide affordable, reliable power to our customers and the GCEDC and Genesee County community are building something special at STAMP.” In addition to working with GCEDC on the transmission line relocation, National Grid’s commitment to STAMP has included funding from its robust suite of economic development programs, which have been used to support the site’s marketing efforts.

Since 2003, National Grid’s 18 economic development programs have provided more than $145 million in assistance, helping to create or retain more than 65,000 jobs and supporting almost $10.5 billion in private and public investment across upstate New York. More information about National Grid’s economic development programs is available at www.shovelready.com.

Press Release:

Genesee County Economic Development Center (GCEDC) has accepted initial applications for incentives to advance the two of the largest capital investment projects in the County’s history. Edwards Vacuum, part of the Atlas Copco Group, is proposing to invest $212 million for the first phase of the company’s semiconductor dry pump manufacturing project at New York’s Green Manufacturing mega site at STAMP; while Horizon Acres Associates, Inc. is proposing to invest $142 million to build six flex commercial/industrial facilities totaling 1.5 million square feet in the Town of Pembroke.

“These are substantial milestones for our community as Atlas Copco Group and Horizon Acres Associates Inc. are making two of the largest financial investments in county history,” said GCEDC President and CEO Steve Hyde. “These historic investments represent the significant interest we’ve seen in Genesee County and at STAMP among companies exploring new business opportunities as a result of the growth of the advanced manufacturing and semiconductor sectors in our region and across upstate.”

Phase 1 of Edwards Vacuum’s “factory of the future” will create 343 high-wage careers that will support the company’s domestic semiconductor customer base. It is anticipated that over a 20-year span, the project will generate approximately $13.4 million in revenues for the Town of Alabama, Genesee County, Oakfield-Alabama School District, and the Alabama Fire Department.

Atlas Copco USA Holdings Inc. & Subsidiaries (Edwards Vacuum) has requested sales tax exemptions of $4.34 million and a 20-year property tax abatement of approximately $12.85 million. The project is estimated to generate $644 million in payroll and projected future municipal revenues, a $39 benefit to the local economy for every $1 of public investment.

A public hearing will be scheduled on the proposed project agreements in the town of Alabama. Horizon Acres Associates, LLC’s 1.5 million square-foot flex campus will play a vital role in growing the capacity for business growth in Genesee County and support the attraction of companies locating at the Science and Technology Advanced Manufacturing Park (STAMP) and other nearby locations. The campus will include six flex commercial/industrial facilities, with plans to start construction in late 2023.

The facilities will be suitable for a large single tenant, multiple smaller tenants, or suppliers for advanced manufacturing projects. The development is estimated to create up to 400 new jobs at full capacity.

Horizon Acres Associates, LLC has requested a sales tax exemption estimated at $6.2 million, a property tax abatement estimated at $11.9 million, and a mortgage tax exemption estimated at $1.1 million. The project is projected to generate $7.9 million in revenues to the Town of Pembroke, the Pembroke Central School District and Genesee County during the proposed 10-year PILOT agreement, which is estimated at 39.5 times the municipal revenue that would be generated under the property’s current use.

The GCEDC’s economic analysis of the project estimates a $227 million impact, including $218 million in payroll and $9.1 million in future municipal revenues. For every $1 of public benefit the project is projected to generate $16 into the local economy. A public hearing will be scheduled on the proposed project agreements in the town of Pembroke.

Finally, the board accepted a final resolution from NY CDG Genesee 4 LLC for a 4.275 MW community solar farm in the Town of Pavilion on Shepard Road. The $6.5 million project is projected to generate approximately $500,000 in future revenues to Genesee County, the Town of Pavilion and the Pavilion Central Schools.

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Press Release:

The Genesee County Economic Development Center (GCEDC) will consider an initial application for incentives from Edwards Vacuum, part of the Atlas Copco Group, for the $212 million first phase of the company’s semiconductor dry pump manufacturing project at the Science Technology and Advanced Manufacturing Park (STAMP) in the town of Alabama, NY. The GCEDC Board of Directors will review and consider the application at its January 12, 2023 meeting.

Edwards Vacuum’s “factory of the future” is being constructed to serve the semiconductor industry and advanced manufacturing sectors and would create approximately 343 new high-paying jobs. The new facility is projected to generate more than $13.4 million in future revenues to the Town of Alabama, Genesee County, Oakfield-Alabama School District and the Alabama Fire Department over 20 years.

“Thanks to Senator Schumer and his leadership in passing the Federal CHIPS and Science Act and New York Governor Kathy Hochul’s advocacy in passing New York's Green CHIPS legislation, we are bringing a ‘factory of the future’ to STAMP now,” said GCEDC President and CEO Steve Hyde.

Atlas Copco USA Holdings Inc. & Subsidiaries (Edwards Vacuum) is requesting sales tax exemptions with estimated savings of $4.34 million and a 20-year property tax abatement with approximately $12.85 million in estimated savings. The project is estimated to generate $644 million in payroll and projected future municipal revenues, a $39 benefit to the local economy for every $1 of public investment.

If the incentives application is accepted, a public hearing will be scheduled on the proposed project agreements in the town of Alabama. The GCEDC Board meeting is Thursday, January 12, 2023 at 4 p.m. at 99 MedTech Drive in Batavia.
 

2021 File Photo of Sen. Charles Schumer and Steve Hyde, CEO of Genesee County Economic Development Center during an announcement about Edward's Vacuum, by Howard Owens.