{"id":38845,"date":"2023-01-09T10:48:54","date_gmt":"2023-01-09T15:48:54","guid":{"rendered":"https:\/\/videonewsservice.net\/?p=38845"},"modified":"2023-01-09T17:13:51","modified_gmt":"2023-01-09T22:13:51","slug":"genesee-county-142-million-project-proposed-in-pembroke","status":"publish","type":"post","link":"https:\/\/videonewsservice.net\/index.php\/2023\/01\/09\/genesee-county-142-million-project-proposed-in-pembroke\/","title":{"rendered":"GENESEE COUNTY\/$142 million project proposed in Pembroke"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Horizon Acres Associates, Inc. plans flex campus totaling 1.5 million square feet of new facilities<\/strong><\/em><\/p>\n\n\n\n

Press release<\/p>\n\n\n\n

PEMBROKE, NY \u2013 The Genesee County Economic Development Center will consider a project with the fifth largest proposed capital investment in Genesee County history at its January 12, 2023 meeting.<\/p>\n\n\n\n

Horizon Acres Associates, LLC., based in Rockland County, partnering with Geis Companies, based in Streetsboro Ohio, is proposing to invest $142 million to build six flex commercial\/industrial facilities totaling 1.5 million square feet in the Town of Pembroke. The project would be located on 115 acres immediately off the 48-A interchange on the New York State Thruway and is positioned to support project companies locating at the Science & Technology Advanced Manufacturing Park (STAMP) as well as other nearby locations.<\/p>\n\n\n\n

\u201cThis historic economic development investment in Genesee County, similar to the major investments made by Edwards Vacuum and Plug Power in just the last couple of years, demonstrates our community\u2019s high capacity for private sector growth,\u201d said GCEDC President and CEO Steve Hyde. \u201cIt\u2019s no coincidence that this type of investment is being considered here as a result of continuing growth at STAMP and our central location between Buffalo and Rochester.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The company plans to start construction in 4th quarter of 2023 with the goal of having one to two buildings totaling 560,000 square feet being operational in late 2024. 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 build-out.<\/p>\n\n\n\n

Horizon Acres Associates, LLC is requesting 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 PILOT revenues to municipalities during the proposed 10-year project agreement, which is estimated at 39.5 times the municipal revenue that would be generated under the property\u2019s current use.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The GCEDC\u2019s economic analysis of the project estimates a $227 million impact, including $218 million in payroll and $9.1 million in revenues to the Town of Pembroke, the Pembroke Central School District and Genesee County. For every $1 of public benefit the project is projected to generate $16 into the local economy.<\/p>\n\n\n\n

The project ranks only behind Plug Power (2021), Edwards Vacuum (2023), HP Hood (2017), and Project Dairy (2012) for largest capital investments by commercial\/industrial projects in Genesee County history.<\/p>\n\n\n\n

If the project application is accepted, a public hearing will be scheduled on the proposed project agreements in the town of Pembroke<\/p>\n","protected":false},"excerpt":{"rendered":"

Horizon Acres Associates, Inc. plans flex campus totaling 1.5 million square feet of new facilities Press release PEMBROKE, NY \u2013 The Genesee County Economic Development Center will consider a project with the fifth largest proposed capital investment in Genesee County history at its January 12, 2023 meeting. Horizon Acres Associates, \u2026<\/p>\n

Continue reading<\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":38882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[23,108],"tags":[432,3443],"class_list":["post-38845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genesee-county","category-pembroke","tag-gcedc","tag-horizon-acres-associates"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8eTP4-a6x","jetpack-related-posts":[{"id":40474,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/03\/03\/genesee-county-gcedc-approves-support-for-horizon-acres-associates-inc\/","url_meta":{"origin":38845,"position":0},"title":"GENESEE 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The Genesee County Economic Development Center Board of Directors (GCEDC) will consider a final resolution for a $142 million investment proposed in the town of Pembroke at a board\u2026","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/20230109_125722-scaled.jpg?fit=1200%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/20230109_125722-scaled.jpg?fit=1200%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/20230109_125722-scaled.jpg?fit=1200%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/20230109_125722-scaled.jpg?fit=1200%2C640&ssl=1&resize=700%2C400 2x, 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(View video below) https:\/\/www.edwardsvacuum.com\/en\/our-markets\/semiconductor-and-electronics\/dry-pumps https:\/\/youtu.be\/nrHACg8g7SQ VIDEO-Andy Marsh\/Project Manager-Edwards Vacuum-shares details about the Genesee County project (From Previous Press Release) BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) approved an initial application for incentives from Edwards Vacuum, part of the Atlas Copco Group,\u2026","rel":"","context":"In "Alabama"","block_context":{"text":"Alabama","link":"https:\/\/videonewsservice.net\/index.php\/category\/alabama\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/still-7.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/still-7.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/still-7.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/still-7.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/still-7.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":41457,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/04\/11\/genesee-county-town-of-pembroke-to-receive-economic-development-partner-of-the-year-award-at-annual-gcedc-meeting\/","url_meta":{"origin":38845,"position":3},"title":"GENESEE COUNTY\/Town of Pembroke to receive Economic Development Partner of the Year Award at Annual GCEDC meeting","author":"aka","date":"April 11, 2023","format":false,"excerpt":"Press release\/provided photo BATAVIA, NY - The Genesee County Economic Development Center (GCEDC) has announced that the Town of Pembroke will receive the Economic Development Partner of the Year award at the GCEDC\u2019s annual business meeting on April 28, 2023 at Batavia Downs. The town of Pembroke, located in the\u2026","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/Fancher-Groundbreaking.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/Fancher-Groundbreaking.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/Fancher-Groundbreaking.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/Fancher-Groundbreaking.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/Fancher-Groundbreaking.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 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meeting\"","block_context":{"text":"Annual meeting","link":"https:\/\/videonewsservice.net\/index.php\/tag\/annual-meeting\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/still-hyde.jpg?fit=640%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/still-hyde.jpg?fit=640%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/04\/still-hyde.jpg?fit=640%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":46884,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/09\/12\/genesee-county-proposed-hp-hood-expansion-marks-a-significant-milestone-for-the-genesee-valley-agri-business-park\/","url_meta":{"origin":38845,"position":5},"title":"GENESEE COUNTY\/Proposed HP Hood expansion marks a significant milestone for the Genesee Valley Agri-Business Park","author":"aka","date":"September 12, 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