Loan, PILOT Approved For Relocation Of City Businesses
Instead of having three different business locations, a local company will be building a new facility in the Mason Industrial Park that will house all of its assets under one roof.
On Tuesday, Dean Weaver of The Stannard Group Inc. spoke with the Chautauqua County Industrial Development Agency board about how his company wants to build a new facility for Weaver Materiel Services and Naco Express. Weaver said the business is currently using three locations, which includes leasing space from Artone, owning a building at 204 Fourth St. and at 850 Allen St.
Mark Geise, deputy Chautauqua County executive for economic development, said Weaver had been looking for a couple years for space to house all of the company’s assets, but finally decided the best option was to build a new facility in the town of Ellicott. He said the building will be 26,000 square feet and is a $2.885 million project.
To help facilitate the construction of the new building, Geise said the IDA will be offering a 15-year payment in lieu of taxes agreement; sales and mortgage tax abatement; and a $500,000 Al Tech Revolving Loan for the project. Geise said Weaver’s company will save $924,000 from the IDA benefits, but will have more than a $50 million economic impact on the local community during the next 15 years by keeping the business in the county.
Geise said 36 jobs will be retained and three new ones will be created once the new building has been constructed. Weaver said if everything is approved, construction on the new facility could start in June, with an estimated build time of nine months. He said Kessel Construction of Bradford, Pa., will be leading the new building project that will be located along Industry Drive in the Mason Industrial Park in the town of Ellicott.
Weaver said he wants to sell the two buildings he owns, with one verbal agreement already being made on the Naco location along Allen Street. He said that the company could had potentially located to near Pittsburgh, Pa., where his son, Drew, lives, but he wanted to keep the company in the area. He added he wanted to stay along Allen Street where the business has a lot of customers.
Also, he wanted stay near Interstate 86.
Weaver Materiel Services was started by his grandfather, Fred Weaver, in 1944, which moved to Jamestown in 1952, Weaver said. He said the business bought its Fourth Street location in 1986 and purchased Naco in 2014.
In other business, the board approved a preliminary resolution to hold a public hearing in the town of Busti for the proposed expansion project at Water Street Brass. Carol Rasmussen, IDA business development manager, said owner, Matt Churchill, would like to add two new buildings to his 6,500-square-foot space. She said the IDA will provide a 10-year PILOT and sales and mortgage tax abatement for a savings of around $168,000.
Churchill said the company was started by four people in 2012 and it now has 48 employees. He said there will be a total of 24,000 square feet once the expansion is completed. He added his business was up 35 percent last year and expects it to increase by 40 percent during the next two years, with the possibility of adding 20 to 30 new employees.