ADJ Machining, which has operated on Main Street in the City of Tonawanda for about seven years, plans to move to a vacant North Tonawanda building that's almost five times larger than its current 8,000-square-foot space.
Owner Yaroslav Grinchishin said Monday his machine shop needs to expand. Without the 15-year property tax break he will seek Wednesday from the Niagara County Industrial Development Agency, he said he would have to lease part of the new location to someone else in order to pay the taxes.
The 38,000-square-foot former Besthung Carbide plant at 76 Industrial Drive has been vacant since 2013. ADJ will buy it for $940,000 and make $35,000 in improvements, according to its NCIDA application.
With the tax incentive, ADJ would save about $241,000 over 15 years, the NCIDA staff estimated. The company, which employs four people, would move those jobs to North Tonawanda and create five more jobs. Grinchishin, however, said he might not be able to create as many jobs without the incentive.