Board approves incentives for LandPro Equipment LLC\u2019s proposed $9.2 million Batavia facility<\/p>\n\n\n\n
Press release<\/p>\n\n\n\n
BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) board of directors accepted an initial application for incentives from Plug Power Inc. for a proposed $232.7 million green energy technology facility at Western New York Science & Technology Advanced Manufacturing Park (STAMP) at its March 4, 2021 board meeting.<\/p>\n\n\n\n
The project, announced by Plug Power Feb. 25, will produce green hydrogen using an electrolysis process of water utilizing renewable hydropower.<\/p>\n\n\n\n
Under the terms of a proposed 20-year PILOT agreement, Plug Power would pay approximately $2.3 million annually to support local municipalities and infrastructure, including Genesee County, the town of Alabama, and the Oakfield-Alabama Central School District.<\/p>\n\n\n\n
Plug Power will also invest $55 million for the construction of a 345\/115KV electric substation in partnership with the New York Power Authority and National Grid to support future expansion and growth opportunities at STAMP.<\/p>\n\n\n\n
\u201cPlug Power\u2019s vision at STAMP includes over $100 million of investments into our municipal partners and site infrastructure. These investments further enhance the strengths of our 1,250-acre mega site,\u201d said Steve Hyde, GCEDC President and CEO. \u201cAt STAMP, projects can access low-cost power that is 100% renewable and reliable, at a site that is located, zoned, and built for projects to succeed within their timelines.<\/p>\n\n\n\n
Plug Power would initially create approximately 68 new jobs at an average starting salary of approximately $70,000 plus benefits, totaling over $95 million in wages over 20 years. For every $1 of public benefit requested, more than $4.3 of planned investment and spending is estimated for the project, and totaling approximately $500 million over 20 years.<\/p>\n\n\n\n
A public hearing will be scheduled on the proposed incentives.<\/p>\n\n\n\n
The GCEDC Board of Directors also approved a purchase and sale agreement with Plug Power Inc. covering approximately 29.884 acres at STAMP for the proposed project.<\/p>\n\n\n\n
In other actions:<\/p>\n\n\n\n
The GCEDC board approved $906,000 of incentives to support LandPro Equipment LLC\u2019s planned $9.2 million project to acquire and develop a 14-acre parcel to build a 50,000 square-foot facility for a full-service regional John Deere facility. The planned facility would primarily be used for operations and training, with a portion of the facility used for retail. The project proposes to create 5 new jobs and retain approximately 60 jobs in Genesee County.<\/p>\n\n\n\n
The GCEDC board also accepted initial application from Forefront Power LLC (Elba Solar) for a proposed $9.7 million community solar project. The project would generate 5 MW of power and is projected to generate approximately $518,803 in new revenue to Genesee County, the town of Elba, and the Elba Central School District over a 15-year agreement.<\/p>\n\n\n\n
The GCEDC board also accepted applications from Solar Liberty for two community solar projects with a capital investment of approximately $7.7 million in. The projects will generate 4 MW and 5 MW of power and are projected to generate approximately $856,024 in new revenue to Genesee County, the town of Pembroke, and the Akron Central School District over a 15-year agreement.<\/p>\n\n\n\n
Public hearings will be scheduled on the proposed incentives for each of the community solar projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
Board approves incentives for LandPro Equipment LLC\u2019s proposed $9.2 million Batavia facility Press release BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) board of directors accepted an initial application for incentives from Plug Power Inc. for a proposed $232.7 million green energy technology facility at Western New York \u2026<\/p>\n