BATAVIA – With active construction at Plug Power’s $232 million green hydrogen campus at the Western New York Science & Technology Advanced Manufacturing Park, the growing size and scale of Genesee County’s active payment in-lieu of tax (PILOT) projects is clearly visible.

In fact, projects with active Genesee County Economic Development Center approved PILOTS shattered the previous record for total capital investment in 2021. More than $932 million of private investment has been generated through projects to grow manufacturing, agri-business, housing, and community growth.

Using data reported annually to New York, the GCEDC provided Genesee County Legislators with a full analysis of the current and future financial impact of GCEDC projects at a recent Ways & Means Committee.

In 2021, those results for Genesee County, and its municipalities and schools, include…

• $2.48 million in PILOT payments by projects with an active PILOT
• $3.63 million in property taxes paid by projects with a completed PILOT
• 471,504 sq ft of new and renovated square feet of commercial or industrial space by 2021 PILOT projects

These benefits will continue to grow as projects complete their PILOTs. Under current tax rates, the contribution to municipalities from all 2006-2021 GCEDC core projects (non-solar) will be $15.96 million annually.