Longtime City Business Eyes New Headquarters
A new 26,400-square-foot, $2.6 million project will help a longtime Jamestown business move its headquarters to a new location in the town of Ellicott.
According to documents from the Chautauqua County Industrial Development Agency, the Stannard Group LLC — with subsidiaries of Weaver Materiel Service Inc., Naco Truck Leasing and Stannard Properties LLC — is looking to construct a warehouse and office facility on 5.5 acres of land at the Mason Industrial Park in Ellicott.
The Stannard Group, whose CEO is Don Weaver Jr., is a distributor of industrial metal castings. The new facility will serve as a warehouse for Weaver Materiel Service, a home base for Naco Truck Leasing and office space for both, the company said.
Weaver Materiel Service has a long history in the city. Founded by Fred L. Weaver Sr. in 1944 at the height of the foundry supply boom, the company moved its office from Buffalo to Jamestown in the mid-1950s.
Public warehouse space in Syracuse, Holyoke, Mass., Erie, Pa., and Reading, Pa., was consolidated to the Jamestown location on West Fourth Street. Product is delivered through Naco, which was purchased in 2014, the company said on its website.
Stannard is seeking a $1.92 million traditional mortgage for the project in addition to a $500,000 loan from the IDA.
“This is just fabulous,” said Rich Dixon, CFO of the county IDA. “It’s great not just for Ellicott, but for Jamestown, the BPU and the county in particular.”
If approved for the loan, tax exemption and payments in lieu of taxes (PILOT), the company said it will move its 34 current employees between its different businesses in Jamestown to the industrial park. Once there, Stannard said 60 jobs could be created for the construction portion of the development.
Completion of the project is estimated for the first quarter of 2020.
In its financial assistance application with the IDA, the company said: “The town of Ellicott will realize an increase in tax revenue. The burden on fire and police will be minimal. The Mason Industrial Park will be enhanced by another business residing in the park. Chautauqua County will maintain a family owned, local business that has been here since 1957.”
Businesses that currently have facilities and offices in the industrial park include Bush Industries, Acu-Rite and Serta Mattress.
It its application, the Stannard Group said state taxes, city property taxes and the “financial instability” of Jamestown “encouraged us to assess our current location and potential future locations.”
Ellicott Town Supervisor Patrick McLaughlin said he has been made aware of plans for the new facility. “We welcome them into our town,” he said. “We always like to welcome new businesses with open arms. … I’d like to see that industrial park even more full.”
A public hearing for the project will be held Thursday at 9 a.m. at the Ellicott Town Hall, 215 S. Work St., Falconer.
Follow Eric Tichy at twitter.com/erictichy