BATAVIA – Progress is continuing at three of the Genesee County Economic Development Center’s business parks as measured by tax incentives approved by the agency.
A one-year $3.5 million loan from First Niagara Bank will pay to acquire land – presently farms, forests and wetlands – for the WNY Science Technology and Manufacturing Project in the Town of Alabama.
The project is a planned high-tech manufacturing park where about 1,200 acres are being acquired with plans to make the site “shovel ready” for prospective tenants. State grants, loans and the sale of property will repay the loan.
Directors of the county’s Economic Development Center have also approved $1.6 million in property, mortgage and sales taxes as incentives for Yancey’s Fancy, a cheese-making operation, to build a new plant in the Town of Pembroke’s Buffalo East Technology Park. The incentives include enlarging the firm’s longtime retail store on Route 5 near Pembroke.
A sales tax exemption on the purchase of new equipment was granted to Alpina Foods, which is planning a $3 million project for its manufacture of Greek-style yogurt. Alpina also wants to buy 10 acres in the Genesee Valley Agri-Business Park in the Town of Batavia.
The year-old operation has exceeded its 50 employee promise for earlier incentives.