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Pathway to Prosperity a hot topic at NYSEDC conference
The “Batavia Pathway to Prosperity” (BP2), the program created through an inter-municipal agreement between the City of Batavia, Genesee County, the Batavia City School District, the Batavia Development Corporation (BDC) and the Genesee County Economic Development Center (GCEDC) was showcased at the annual conference of the New York State Economic Development Council in Albany, NY on January 18, 2017. Batavia City Manager Jason Molino, GCEDC President and CEO Steve Hyde, GCEDC Vice President Chris Suozzi and GCEDC Marketing Director Rachel Tabelski participated in the presentation at the conference to economic development officials from across New York State.
BP2 was conceived to pool resources in order to invest in distressed areas in the City of Batavia. The BP2 program will be implemented though PILOT increment financing (PIF), referred to as the “BP2 fund,” the first of its kind in New York State where all local taxing jurisdictions are participating. B2P is supported by the redirection of 50% of new project PILOT payments.
“This was a great opportunity to showcase what is really a unique economic development partnership that we hope other cities like Batavia could implement in partnership with their respective economic development agencies,” said Molino. “The Batavia Development Corporation is playing a key role in leading economic development efforts for the city and as a liaison with the GCEDC and others involved in this partnership.”
“The B2P initiative demonstrates the continued collaboration between the public and private sectors in Genesee County,” said Julie Pacatte, B2P economic coordinator. “It’s extraordinary that all levels of government in Genesee County recognize the importance and priority for the economic well-being of the city of Batavia. It’s a partnership that has already shown early returns.”
The first project to be supported by the B2P program is the $15 million redevelopment of the Ellicott Station site in Batavia. The development will include a mixed-use residential, office and retail spaces; a brewery; small beverage warehouse and hops processing facility; entertainment and event area; outside seating; and integration of the new Ellicott Trail pedestrian pathway. The development is expected to create up to approximately 60 – 120 new jobs and approximately 120 jobs during construction. The developer is Savarino Companies in Buffalo, NY.
“The B2P will help our agency market and attract investment to the most economically distressed areas of the city,” said Hyde. “Through the Ellicott Station development, we have a tangible project to demonstrate the benefits of the B2P program to others interested in development opportunities in Batavia and Genesee County.”
To learn more about the City of Batavia’s Brownfield Opportunity Area, visit www.bataviaopportunity.com.