Seal & Design receives $26,000 in tax breaks from Clarence IDA - The Buffalo News

Share this article

print logo

Seal & Design receives $26,000 in tax breaks from Clarence IDA

Seal & Design, the Clarence-based gasket and seal maker, has received $26,000 in sales tax breaks from the town's Industrial Development Agency to support $300,000 in infrastructure improvements to the company's production facility.

The incentives will retain the 88 jobs at the company's Clarence location and create three jobs, according to Paul Leone, a consultant to the Clarence IDA. The agency's board of directors approved the tax breaks by a 6-0 vote at Thursday's meeting.

Seal & Design has 150 employees at its three locations in Clarence, Syracuse and Toronto.

Seal & Design will get a break on the sales tax on construction materials purchased toward the facility upgrades, Leone said, which are a follow-up to the $3 million, 40,000-square-foot expansion the company completed two years ago at its Clarence location on Casilio Parkway. That expansion brought the site's total size to 91,000 square feet.

The latest work will upgrade the Clarence building and the facility's parking lot and is set to begin next month, said Adam Mikols, Seal & Design's chief financial officer. It will take about 12 months to complete.

Story topics:

There are no comments - be the first to comment