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Amherst IDA weighs $1.3 million in tax breaks for Bureau Veritas expansion

The Amherst Industrial Development Agency is set to vote Friday on $1.3 million in tax breaks for a computer product testing lab's $9.1 million expansion project.

The project would allow Bureau Veritas Consumer Products Services to consolidate its operations from three sites in the town into an expanded building in the Northpointe Commerce Park. Zaepfel Development Co. plans to make renovations to an existing, 54,000-square-foot building at 100 Northpointe Parkway, where Bureau Veritas currently is located, and to construct a 43,000-square-foot addition for the company.

Bureau Veritas would move out of Zaepfel's 20 Northpointe Parkway and two other off-site buildings, 595 Commerce Drive and 70 John Glenn Drive. The company said the move would allow for greater efficiencies in its local operations.

Bureau Veritas commits to spending $2.14 million on new equipment, retaining 264 full- and part-time jobs and creating five jobs in exchange for $175,000 in sales tax breaks. Zaepfel Development commits to spending $6.98 million, primarily on construction and renovations, in exchange for $1.14 million in property, sales and mortgage-recording tax breaks. The property tax break alone, which hadn't previously been calculated, is just over $800,000, according to the IDA.

Bureau Veritas is a Paris-headquartered company that provides testing, auditing and certification services in a wide range of industries. The IDA held a public hearing on the request on July 21. Work could begin on the project next month and wrap up in fall 2018.

Bureau Veritas, developer seek tax breaks for expansion project in Amherst

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