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GCEDC Board to Consider Approval of Incentives for GVT Rail

Posted by admin at 2:32 PM on May 2, 2017

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The Genesee County Economic Development Center (GCEDC)/ Genesee Gateway Local Development Corporation (GGLDC) Board of Directors will consider taking action on three projects at its meeting on May 4, 2017 in the Innovation Zone board room on 99 Medtech Dr. starting at 4p.m.

The Board will vote on whether to approve incentives to Genesee Valley Transportation for the proposed expansion of the company’s cross dock facility.  The one million dollar capital investment will expand the facility from 25,000 sq. ft. to 37,160 sq. ft. in order to meet increased customer demand.  The estimated amount of incentives is $142,138 and for every $1 dollar of public benefit the company is investing $4 into the local and regional economy.

Two companies are seeking to tap into the GGLDC’s revolving loan program. Batavia Brewing Company, located in the renovated Newberry building in downtown Batavia, is requesting a $150,000 loan to rehabilitate the second and third floors for high-end apartments as part of a $2.6 million project.  The basement will be converted into a brewing room and a bar and restaurant and space for FreshLAB tenants are planned for the first floor.

Liberti, Valvo & Associate LLC, manufacturers sales representative agency that specialize in quality safety and utility products in markets in New York, New England, the Mid Atlantic and Ontario, Canada is seeking a $50,000 loan for a $275,000 business project.

The GCEDC Board meeting is open to the public.

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