BATAVIA, NY – Two projects in the city of Batavia with an estimated $7 million positive fiscal impact for Genesee County received final approval on Thursday by the GCEDC Board of Directors.

The GCEDC Board of Directors approved final resolutions for Graham Corporation’s expansion project and 202 Oak St, LLC’s hotel renovation at its Feb. 6 meeting.

Graham Corporation is proposing to construct a new radiographic testing building at their manufacturing facility in the City of Batavia. The $3.3 million investment will add to an existing manufacturing building.

Graham Corporation requested a sales tax exemption estimated at $120,000 and a property tax abatement estimated at $20,934 based on the incremental increase in assessed value generated by the expansion. The project is estimated to generate $1.2 million in local fiscal impacts, including payroll and tax revenues, for an estimated $16 local benefit for every $1 of requested incentives.

202 Oak St, LLC is proposing to renovate the former Super 8 hotel’s 54 units in the City of Batavia. The $2.5 million investment will create 11.5 new full-time equivalent positions.

202 Oak St, LLC requested a sales tax exemption estimated at $104,163, a property tax abatement estimated at $257,823 based on the incremental increase in assessed value generated by the expansion, and a mortgage tax exemption estimated at $19,000. The project is estimated to generate $5.8 million in local fiscal impacts, including payroll and tax revenues, for an estimated $20 local benefit for every $1 of requested incentives.

In addition, the project is estimated to generate over $40,000 annually in bed tax revenue for the county once the renovated hotel is ramped up.