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Applications for assistance for projects totaling $33 million submitted to Niagara County Industrial Development Agency

by jmaloni

Press release

Wed, Apr 17th 2013 12:25 pm

Agency approves land sale to Canadian company and project applications from March board meeting 

The Niagara County Industrial Development Agency board of directors has accepted applications for assistance from Power Greenhouse Integration LLC for a greenhouse renovation project in the Town of Wheatfield and Plati Niagara Inc. LLC for another new hotel in Niagara Falls. Both projects will generate approximately $33 million of investment while creating 88 new jobs and 30 part-time jobs, as well as temporary construction jobs.

The NCIDA board of directors also approved the sale of 7.5 acres of land to a Canadian manufacturing company for future development, and approved two applications for assistance the agency received at its March board meeting.

"We continue to build a critical mass of projects in the green energy and hospitality and tourism sectors, which are targeted industry clusters for our region," said Scott Kiedrowski, NCIDA chairman. "In addition, we are starting to see a return on our investment of the aggressive marketing efforts in Canada with the land sale to a Canadian manufacturing company. This is all positive news for our economic development efforts on behalf of Niagara County."

Plati Niagara Inc., a subsidiary of the Strangio family and owner and operator of a Quality Inn Hotel franchise and Antonio's Banquet and Conference Center on Niagara Falls Boulevard (LaSalle), plans to construct an upscale hotel under a national franchise on a land parcel at 333 Rainbow Blvd., in downtown Niagara Falls. Plati Niagara plans to build a 65,000-square-foot hotel with 110 upscale rooms and up to 4,000 square-feet of retail space for lease. The project will create 28 full-time jobs with a total project cost of $9.6 million and an estimated annual community benefit of more than $1.94 million. The company is requesting a 10-year payment in lieu of taxes, sales tax exemptions and mortgage recording tax abatement.

Power Greenhouse Integration (PGI) plans to purchase and fully renovate a 12.5-acre greenhouse at 7341 Shawnee Road in the Town of Wheatfield. The facility will be modernized with lighting, heating, cooling and the ability to absorb the carbon monoxide emissions from the boilers and engines directly into the plants and vegetables as fertilizer.

When fully renovated, the greenhouse will operate on a year-round basis. The proposed project will create 60 full-time jobs and 30 part-time positions. The total project cost is $24 million, with an estimated annual community benefit of more than $5.93 million. The company is requesting a 15-year PILOT, sales tax exemptions and mortgage recording tax abatement.

The NCIDA also approved the sale of 7.5 acres of land in the Vantage International Point Industrial Park, Inducon Corporate Drive, Sanborn, to WHITING Group of Canada Inc. for $52,500. The Burlington, Ontario-based company manufactures overhead rollup doors for the trucking and trailer industry. The NCIDA said WHITING's interest in the parcel of land and ultimate purchase was a direct result of the board's ongoing strategic marketing efforts in Canada.

The board of directors also approved applications for assistance for two projects that were submitted at its March meeting. These projects will create approximately 46 new full-time jobs and approximately 28 seasonal and part-time jobs. The projects also will generate more than $5 million in capital investment.

Diversified Manufacturing plans to consolidate its Amherst operations to Lockport and is proposing to build a 47,000-square-foot addition, including 37,000 square-feet of manufacturing space and 10,000 square-feet of office space. The proposed expansion will create 46 full-time jobs and 13 part-time positions in Lockport. The total project cost is $4.8 million, with an estimated annual community benefit of almost $11 million. The company was granted a 15-year PILOT, sales tax exemptions and mortgage recording tax abatement.

Lake Effect Ice Cream, an ice cream manufacturer that sells its products to retail stores throughout Western New York, will acquire, renovate and expand a building at 79/81 Canal St., Lockport. The project is estimated to cost $211,000 and will create 15 part-time jobs while providing an estimated annual community benefit of $293,000. Lake Effect Ice Cream received a five-year Opportunity Zone PILOT and sales tax exemptions.

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