Featured News - Current News - Archived News - News Categories
$43.6 Million Project Proposed at Apple Tree Acres
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) board of directors advanced an initial resolution for GE Bergen Owner, LLC’s proposed 196,000 square-foot facility at Apple Tree Acres in the town of Bergen at its board meeting on Thursday, June 6, 2024.
The proposed facility would be leased to an end user and would create 60 new full-time jobs and generate $38 million in wages/ benefits as well as revenues for local governments over 10 years.
The project is pending subject to receiving incentives from Empire State Development Corporation.
GE Bergen Owner LLC is requesting sales tax exemptions estimated at approximately $1.75 million, a property tax abatement of approximately $2.15 million a payment in lieu of taxes (PILOT), and a mortgage tax exemption of $366,000.
The project would generate a $13 fiscal impact for every $1 of proposed incentives.
A public hearing for the proposed project agreements will be scheduled in the town of Bergen.
PREVIOUSLY: The Genesee County Economic Development Center (GCEDC) board of directors will consider an initial resolution for GE Bergen Owner, LLC’s proposed 196,000 square-foot facility at Apple Tree Acres in the town of Bergen at its board meeting on Thursday, June 6, 2024.
The proposed facility would be leased to an end user and proposes to create 60 new full-time equivalent positions.
“This expansion continues the success of the development of the Apple Tree Acres business park similar to the growth we have experienced at the Genesee Valley Agri-Business Park which also is almost at full capacity,” said GCEDC Senior Vice President Mark Masse. “In just the last few months, we celebrated the expansions of Liberty Pumps and Craft Cannery and the continued success of businesses in the logistics and manufacturing sectors.”
GE Bergen Owner LLC is requesting sales tax exemptions estimated at approximately $1.75 million, a property tax abatement of approximately $2.15 million a payment in lieu of taxes (PILOT), and a mortgage tax exemption of $366,000.
The proposed incentives for the project are estimated to generate $38 million in wages/benefits and revenues for local governments generated by the development over 10 years. The project generates a $13 fiscal impact for every $1 of proposed incentives.
The project is pending, subject to receiving Empire State Development incentives.