22.9 C
New York
Sunday, May 29, 2022

La Fermière, O-AT-KA submit tax assistance requests | Top Story

BATAVIA — The Genesee County Economic Development Center Board of Directors has accepted an application from La Fermière’s to consider $1.8 million in tax assistance for the yogurt manufacturer’s proposed $25 million project. The board will consider approval of the application at a future meeting.

La Fermière plans to construct a 50,000-square-foot yogurt manufacturing facility in the Genesee Valley Agri-Business Park.

La Fermière has pledged to create up to 68 jobs over the first three years of operations in Genesee County. Founded in France, the company has been active in U.S. markets since 2018.

The proposed project adds to the Batavia’s Dairy Hub of the Northeast, which supports over 900 direct jobs, more than $500 million of capital investment, and over a million square feet of dairy processing facilities.

La Fermière is requesting $1.8 million in property, sales, and mortgage tax assistance. The project is estimated to generate $54.9 million of local economic benefits over 10 years, equal to $43 dollars in economic activity for every $1 of public investment.

A public hearing for the proposed agreement will be scheduled in the town of Batavia. The date had not been set as of Thursday.

The acceptance of La Fermière’s application for incentives followed a presentation by Lucas Praticci, vice president at La Fermière US.

The GCEDC will consider approving a request from O-AT-KA Milk Products, LLC regarding a 3,246 square-foot expansion of its existing facility in the town of Batavia.

O-AT-KA’s proposed $3.5 million investment will house two new 18,000-gallon tanks to increase capabilities of cream-based liquor beverages. The expansion would create two new jobs.

O-AT-KA is asking for approximately $214,406 in property, sales and mortgage tax. The project is estimated to generate $3.5 million of local economic benefits over 10 years, equal to $27 dollars in economic activity for every $1 of public investment.

There will also be a public hearing will be scheduled in the town of Batavia. The date has not been set.

The GCEDC approved a resolution for Apple Tree Acres, LLC. The $3.15 million project proposes to construct a stand-alone, 50,000-square-foot facility in the Apple Tree Acres business park. Apple Tree Acres, LLC proposes to create three new jobs.

The board approved Apple Tree Acres, LLC’s request for about $490,225 in property, sales, and mortgage tax exemptions.

The project is estimated to generate $2.8 million in economic activity, equal to $6 of economic activity for every $1 of public investment.

As an Amazon Associate I earn from qualifying purchases.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,337FollowersFollow
19,700SubscribersSubscribe

Latest Articles