{"id":40373,"date":"2023-02-28T11:18:40","date_gmt":"2023-02-28T16:18:40","guid":{"rendered":"https:\/\/videonewsservice.net\/?p=40373"},"modified":"2023-02-28T11:18:40","modified_gmt":"2023-02-28T16:18:40","slug":"genesee-county-5th-largest-economic-development-investment-in-county-history-to-be-considered-by-gcedc","status":"publish","type":"post","link":"https:\/\/videonewsservice.net\/index.php\/2023\/02\/28\/genesee-county-5th-largest-economic-development-investment-in-county-history-to-be-considered-by-gcedc\/","title":{"rendered":"GENESEE COUNTY\/5th\u00a0largest economic development investment in County history to be considered by GCEDC"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Horizon Acres Associates, Inc. plans $142 million flex campus<\/em><\/strong> in Pembroke totaling 1.5 million square feet<\/em><\/strong><\/p>\n\n\n\n

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

PEMBROKE, NY \u2013 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 meeting on March 2, 2023.<\/p>\n\n\n\n

Horizon Acres Associates, LLC, based in Rockland County, is partnering with Geis Companies, based in Streetsboro, OH, to build six flex commercial\/industrial facilities totaling 1.5 million square feet. The project would be located on 115 acres immediately off the 48-A interchange on the New York State Thruway, giving access to transportation networks throughout the region.<\/p>\n\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cIn addition to the direct impact this project will have in Pembroke, these facilities are going to be an integral addition to the recruitment of potential tenants at the Science & Technology Advanced Manufacturing Park (STAMP) and other nearby locations,\u201d said GCEDC President and CEO Steve Hyde. \u201cAt full build-out, the campus is estimated to create up to 400 new jobs, we have the workforce candidates and programs to support this ambitious number.\u201d<\/p>\n\n\n\n

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

The company plans to start construction in 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.<\/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

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 requested, the project is projected to generate $16 into the local economy.<\/p>\n\n\n\n

A public hearing was held on the proposed project agreements on Jan. 30 in the Town of Pembroke.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Horizon Acres Associates, Inc. plans $142 million flex campus in Pembroke totaling 1.5 million square feet Press release PEMBROKE, NY \u2013 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<\/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":[432,3443,3531],"class_list":["post-40373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genesee-county","category-pembroke","tag-gcedc","tag-horizon-acres-associates","tag-llc"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8eTP4-avb","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":40373,"position":0},"title":"GENESEE COUNTY\/GCEDC approves support for Horizon Acres Associates, Inc.","author":"aka","date":"March 3, 2023","format":false,"excerpt":"Press release $142 Million Flex Campus in Pembroke is 5th largest investment proposed in county history PEMBROKE, NY \u2013 The Genesee County Economic Development Center Board of Directors (GCEDC) approved a final resolution for Horizon Acres Associates, Inc.\u2019s $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, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/20230109_125722-scaled.jpg?fit=1200%2C640&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":38845,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/01\/09\/genesee-county-142-million-project-proposed-in-pembroke\/","url_meta":{"origin":40373,"position":1},"title":"GENESEE COUNTY\/$142 million project proposed in Pembroke","author":"aka","date":"January 9, 2023","format":false,"excerpt":"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","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, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2023\/01\/20230109_125722-scaled.jpg?fit=1200%2C640&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":38967,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/01\/12\/genesee-county-gcedc-approves-initial-resolution-for-edwards-vacuum-during-board-of-directors-meeting-initial-resolution-also-approved-for-horizon-acres-associates-in-pembroke-biodigester-company-subm\/","url_meta":{"origin":40373,"position":2},"title":"GENESEE COUNTY\/GCEDC approves initial resolution for Edwards Vacuum during Board of Directors meeting\/Initial resolution also approved for Horizon Acres Associates in Pembroke\/Biodigester company looking to locate at Agri-Business Park","author":"aka","date":"January 12, 2023","format":false,"excerpt":"What is a semiconductor vacuum pump? (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":40373,"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":27885,"url":"https:\/\/videonewsservice.net\/index.php\/2021\/09\/10\/genesee-county-gcedc-board-supports-liberty-pumps-13-7-million-dollar-expansion-project\/","url_meta":{"origin":40373,"position":5},"title":"GENESEE COUNTY\/GCEDC Board supports Liberty Pumps’ $13.7 million dollar expansion project","author":"aka","date":"September 10, 2021","format":false,"excerpt":"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","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee 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