A company owned by Dr. Todd E. Shatkin is seeking $992,000 in tax breaks from the Amherst Industrial Development Agency for a $5.5 million expansion of its businesses that provide training to medical professionals and that manufacture components used in dental surgeries.
Shatkin founded Shatkin F.I.R.S.T. with his father, the late Dr. Samuel Shatkin Sr., to train other dentists in the dental implant procedures and to make and sell surgical guide stents, implants, dentures, crowns and other components used in the surgeries.
Shatkin F.I.R.S.T. plans to construct a 15,000-square-foot expansion at 2500 Kensington Ave., allowing it to bring in more doctors, nurses, physician assistants and other medical professionals for training in laser treatment and other cosmetic procedures, nutrition counseling, wellness and weight loss.
In addition, Shatkin F.I.R.S.T. also plans to invest in new equipment at 2495 Kensington, where the dental surgery components are designed and manufactured.
The Shatkins told the IDA they would create five full-time and two part-time jobs within the first two years of completing the project and would retain 18 full-time and eight part-time jobs.
The $5.5 million in project costs include $3.7 million for construction and $1.6 million for equipment, according to documents filed with the IDA.
The requested tax breaks feature $532,125 in property tax breaks, $410,477 in sales tax breaks and $50,000 in mortgage recording tax breaks, according to the agency.
The IDA held a public hearing on the Shatkin F.I.R.S.T. project in March when one Amherst resident criticized the request for tax breaks and the Shatkins' attorney praised the project.
The elder Shatkin also founded Aesthetic Associates Centre, the dental and plastic surgery practice now run by his sons, Todd and Dr. Samuel Shatkin Jr., a plastic surgeon. The practice and its related businesses are located at 2500 and 2495 Kensington Ave.
The agency's board of directors is poised to vote on the request at its April 21 meeting.