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Coach Tony's to build at Apple Tree Acres
The Genesee County Economic Development Center (GCEDC) reviewed an application for assistance from Coach Tony’s in the town of Bergen at the Board’s meeting on March 30, 2017. Coach Tony’s, a specialty food processer of sauces, intends to build an approximate 5,000 sq. ft. building on 3 acres in the Apple Tree Acres Business Park. The total capital investment is $380,000 and will retain three jobs and create 3 jobs.
Coach Tony’s is requesting sales tax ($11,600), mortgage tax ($3,125), and property tax ($35,592) abatements of just over $50,000. The final resolution will be considered by the board after SEQRA is completed by the company. It is anticipated that for every $1 of public assistance the company is investing $79 into the local economy.
The board also approved an extension of a sales tax exemption for O-AT-KA as a result of an increase in the capital investment made by company for its new 200,000 sq. ft. warehouse expansion. The original $20.99 million investment increased an additional $850,000 resulting in a request for an additional sales tax exemption of $68,000.
Lastly, the Board also approved a final resolution for approval of a GAIN! Loan Fund for Jr. Maple which owns and operates a maple syrup production farm with 4,800 taps in Batavia, New York. The company is receiving a $30,000 GAIN! Loan fund to purchase energy efficient equipment that will produce a higher grade of syrup. The current system utilizes a wood fired evaporator that is outdated. The new process will be cleaner, less physically intensive to maintain and safer.
“The work of our agency is extremely diverse given the nature of the assistance we are considering and providing to each of these companies,” said Paul Battaglia, Chairman, GCEDC Board of Directors. “From one of the largest businesses, to some of our smaller businesses, the common thread is that agriculture continues to be the biggest economic driver in Genesee County. The GCEDC is there to meet the needs of any business no matter their size.”