A North Tonawanda company, which cuts steel with powerful jets of water mixed with crushed garnet, will move to the Town of Lockport in early 2019, thanks in part to a 15-year tax break.
The town Industrial Development Agency on Thursday approved the incentive for Water Haus Waterjet. The company is spending $580,000 to buy and renovate 30,000 square feet of space at 5626 Old Saunders Settlement Road, the former site of Niagara Truss & Pallet, which closed last year.
Owner Andrew W. Beck will save about $90,000 on property, sales and mortgage taxes over 15 years. His 11-year-old firm, which employs three people, expects to add four jobs within two years. IDA Administrative Director Marc R. Smith said Water Haus will lease 10,000 square feet to another company.