Ashton Potter is getting more than $582,000 in tax breaks from the Amherst Industrial Development Agency to consolidate its local stamp and envelope printing business at an expanded Amherst location.
The agency approved the tax breaks Friday, removing a key hurdle for a $3.4 million project that will build a 55,000-square-foot addition to Ashton Potter’s existing plant at 10 Curtwright Drive. The company plans to move out of a smaller, 40,000-square-foot location in Cheektowaga that it opened five years ago and consolidate its operations in its larger Amherst facility.
The expansion will increase the size of Ashton Potter’s Amherst plant, which now spans 70,000 square feet, by nearly 80 percent.
“This is the kind of project we should be doing,” said IDA board member Steven Sanders, who also is a member of the Amherst Town Board. “We want to encourage companies to expand in the Town of Amherst.”
Construction on the addition could begin in August, said Butch Kreuz, whose Advantage Global Management business owns the Amherst property. He said the expansion is expected to be completed by mid-summer 2016.
Ashton Potter said it expects to create five new jobs through the expansion, while retaining the 120 jobs it currently has in Amherst and the 40 positions now at its Cheektowaga location that will be moving to Amherst next year. Bringing Ashton Potter’s operations under one roof will help cut costs and improve efficiency, the company said.
Company executives told the agency that the project wouldn’t be economically feasible without incentives.