Press release<\/p>\n\n\n\n
Board advances applications from Valiant Real Estate USA, Inc and<\/p>\n\n\n\n
J&R Fancher Property Holdings LLC for proposed expansions totaling in $6.2 million of capital investment<\/p>\n\n\n\n
BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) Board of Directors approved a final resolution for incentives supporting Liberty Pumps for a $13.7 million expansion at the company\u2019s operations in the Town of Bergen the board\u2019s September 9, 2021 board meeting.<\/p>\n\n\n\n
Liberty Pumps will invest approximately $13.7 million to build a 107,138 sq. ft. materials facility in the Apple Tree Acres business park. The proposed facility is anticipated to contribute to the continuing growth of the company and will create 30 new full-time jobs with an average salary of $52,000 annually plus benefits. It is estimated that the project will generate $29 of investment into the local economy for every $1 of approved incentives. The project will receive sales and property tax exemptions of approximately $1.5 million.<\/p>\n\n\n\n
The GCEDC Board of Directors also accepted an initial application for a $4.5 million project proposed by Valiant Real Estate USA, Inc. (New York Bus Company). The company plans to build a new 20,000 square-foot facility at the corner of Saile Drive and Call Parkway in the Town of Batavia.<\/p>\n\n\n\n
The project would create 24 full time employee positions with an average salary range of $30,000 – $75,000 annually plus benefits. The project is requesting approximately $430,000 in sales, mortgage and property tax exemptions. The project is estimated to generate $50 into the Genesee County economy for every $1 of requested incentives.<\/p>\n\n\n\n
Finally, the Board accepted an initial application for incentives from J&R Fancher Property Holdings LLC. The company is proposing a $1.7 million capital investment for a 14,000 square foot building located at Buffalo East Technology Park in Pembroke, NY.<\/p>\n\n\n\n
J&R Fancher Property Holdings LLC plans to build six market-rate one-and two-bedroom apartments along with a 7,000 square foot commercial space.. The project is requesting approximately $254,000 in sales, mortgage and property tax exemptions.<\/p>\n\n\n\n
As both projects are requesting incentives of over $100,000, public hearings will be scheduled prior to final consideration of incentives.<\/p>\n","protected":false},"excerpt":{"rendered":"
Press release Board advances applications from Valiant Real Estate USA, Inc and J&R Fancher Property Holdings LLC for proposed expansions totaling in $6.2 million of capital investment BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) Board of Directors approved a final resolution for incentives supporting Liberty Pumps for \u2026<\/p>\n