MAYVILLE – Two recently proposed development projects in Chautauqua County – including one in Jamestown – have been designated with a priority status for state aid by the Western New York Regional Economic Development Council.
According to County Executive George Borrello, the Furniture Mart Building renovation project and the Empire State Brands hops and barley program were given the designation as part of the 2020 round of Consolidated Funding Application (CFA) grant requests to Empire State Development.
In July, the Gebbie Foundation submitted a CFA in the amount of $1.8 million to redevelop the Furniture Mart Building in Jamestown, N.Y. The funding would be part of a $15 million renovation effort that would see the building converted to a mixed-use, nine-story commercial building with associated parking to support the new development and the growing need in downtown Jamestown. The building is located on the corner of West Second and Washington Streets directly across from the National Comedy Center.
The Empire State Brands program was formerly being called Grow Chautauqua Hops and Grains. It involves a $2.9 million CFA request to assist in the re-purposing of an existing building in Chautauqua County for a fully integrated hops, barley, and grain processing facility, with the total project cost approximating $14.7 million. A recent study calculates an economic impact of $91 million and 404 jobs created from the development and growth of the new business.
The two CFA requests, along with several others that were submitted earlier this summer, will now advance to Albany for review and pending approval. The final announced funding totals for all 2019 CFA projects will likely be announced in December.