Business News: $906,000 Incentives for LandPro Project approved by GCEDC.
A company offering $ 9.2 million project for West Saile Drive and Call Parkway will receive $ 906,000 in incentives from the Genesee County Economic Development Center.
LandPro Equipment, LLC plans to expand a 14-acre parcel of land, which includes construction of a 50,000-square-foot building for a full-service John Deere Agriculture and Turf dealership.
LandPro has requested tax relief on real estate, sales and mortgages from the GCEDC. The GCEDC Board of Directors approved these incentives at their Thursday afternoon meeting.
Most of the facility will be used for parts, service and training, with only 5% for retail sales. The project will produce green hydrogen using a water electrolysis process from renewable hydroelectric power.
“The company has committed to creating five new jobs and maintaining 62 existing jobs as part of the project,” the GCEDC said. The facility will serve customers within a 50-mile radius of Batavia and expand workforce training programs for the benefit of the Genesee County business and workforce.
Regarding the LandPro project, Chris Suozzi, Vice President of Business and Workforce Development for the GCEDC, noted that for every dollar of public benefits provided, the company’s investment will generate $ 7 in economic impact on the local, regional economy. and national. The project is expected to generate $ 5.3 million in benefits for the region and the state. This includes $ 4.8 million in temporary wages for the construction work and permanent wages for the five new jobs.
Also on Thursday, the council accepted a first request for incentives from Plug Power Inc. for a proposed $ 232.7 million green energy technology facility at Western New York Science & Technology Advanced Manufacturing Park (STAMP).
Under the terms of a proposed 20-year PILOT deal, Plug Power would pay approximately $ 2.3 million annually to support municipalities and local infrastructure, including Genesee County, the City of Alabama, and the Central School District. of Oakfield-Alabama. Plug Power would initially create about 68 new jobs with an average starting salary of about $ 70,000 plus benefits, totaling over $ 95 million in wages over 20 years.
“Plug Power’s vision in STAMP includes over $ 100 million in investments in our municipal and site infrastructure. These investments further enhance the strengths of our 1,250 acre mega site. At STAMP, projects can access low cost, 100% renewable and reliable energy at a site which is localized, zoned and built for projects to be successful in their time, ”said Steve Hyde, president and CEO of CEDC.