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Town of Lockport IDA approves tax break for new Custom Laser plant

The Town of Lockport Industrial Development Agency on Thursday approved a 15-year tax break package for Custom Laser, which will build a plant in the town industrial park off Upper Mountain Road.

The company would save an estimated $1.1 million over 15 years on taxes on its new $8 million plant, to be built just north of its current plant in the industrial park. Custom Laser is buying a 6.83-acre lot from the town IDA for $20,000 an acre, or $136,600, town Economic Development Coordinator Marc R. Smith said.

Custom Laser, a machine, cutting and fabrication company with 53 employees, also operates a plant on Akron Road in Lockport.

The company promises to create at least five jobs in the new 60,100-square-foot plant.

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