GCEDC to consider project incentives for two businesses on Thursday
Press release:
The Genesee County Economic Development Center (GCEDC) will consider approving incentives for a project in the City of Batavia and accepting an application for incentives for a project in Le Roy at the board’s Thursday, June 6th, meeting.
Cedar Street Sales & Rentals (Mucher & Clark LLC) is seeking sales, mortgage and property tax exemptions to support a $165,000 project that would include the construction of a 6,000-square-foot warehouse at 52 Cedar St. Mucher & Clark LLC is seeking incentives totaling approximately $37,000.
The project supports 10 jobs and is located adjacent to a highly distressed census tract in the City of Batavia and is estimated to generate revenues of approximately $28,000 into the Batavia Pathway to Prosperity (B2P) fund over 10 years.
W&M Humphrey Associates LP is submitting an application for incentives for sales, mortgage and property tax exemptions to support a $3.1 million project in Le Roy that would expand the Munson Street facilities leased to the Genesee Valley Educational Partnership (GVEP). The expansion supports 525 full-time jobs.
W&M Humphrey Associates is seeking a $285,517 property tax exemption, a $149,610 sales tax exemption, and a $30,000 mortgage tax exemption. Since incentives total over $100,000, the GCEDC will schedule a public hearing if the board accepts the application.
The GCEDC Board meeting will take place at its offices on 99 MedTech Drive in Batavia at 4 p.m. on Thursday, June 6th. The meeting is open to the public.
