JAMESTOWN – Chautauqua County development officials have announced two new businesses that will be coming into the area in the coming weeks.
The Chautauqua County Industrial Development Agency says Rae Foods, Inc. recently closed on the purchase of a new 15,000 square foot facility at 75 Bourne St. in Westfield for the “Nowinski Pierogi” manufacturing operation. Officials say in all, the project is expected to result in a $2.5 million investment in our economy. The facility should be fully operational by early October, once significant renovations are completed.
Through actions taken by the IDA Board of Directors the company will receive a 10-year Payment in Lieu of Tax schedule, $640,000 in AL Tech Revolving Loan Fund financing for working capital, machinery and equipment, abatement of sales tax during the construction period, and also abatement of mortgage recording tax. Additional economic incentives were also approved by Empire State Development.
Federal and State elected officials were also involved in the project, providing support and resources to the new company. Once opened, Rae Foods is expected to hire up to 50 people within five years to work at the facility.
DUNKIRK METAL PRODUCTS
A series of recent actions taken by the County IDA Board of Directors is paving the way for Dunkirk Metal Products of WNY, LLC (DMP) to consolidate operations and grow their business in Chautauqua County.
The IDA Board approved the sale of its 40,000 square foot facility located at 3575 Chadwick Drive in the Town of Sheridan. The board also approved a Payment in Lieu of Tax (PILOT) agreement that will result in real property taxes being collected with a gradually increasing payment schedule over a period of 12 years. Temporary sales tax abatement related to improvements and mortgage recording tax abatement will also be provided to the company, if needed. In a related action, the Board also approved the eventual acquisition of the company’s 795 Deer Street, Dunkirk location.
County development director Bill Daly said that Dunkirk Metal Products has been a valued manufacturer and employer in Chautauqua County for over 60 years. He added that the new facility will provide the space the company needs to expand and grow their workforce for years to come
As part of the sale agreement, the CCIDA agreed to assume the lease and will eventually take the option to purchase DMP’s 795 Deer Street, Dunkirk location. According to Daly, this facility will be marketed for sale by both the CCIDA and the City of Dunkirk.
As a result of the move, 20 jobs will be retained and 4 new jobs are projected.