Nine new jobs are projected in Silver Creek, thanks to an expansion project and help from the Chautauqua County Industrial Development Agency.
Recently, the CCIDA approved financial assistance related to an 8,100-square foot expansion project for S. Howes, Inc. of Silver Creek.
S. Howes was originally the manufacturer of grain cleaning equipment. However, the company has evolved and diversified to meet equipment needs of plants today. It now produces process and filtration equipment for the chemical, pharmaceutical, food, environmental, and mineral and metals industries. S. Howes is family owned and managed.
At the CCIDA meeting, a State Environmental Quality Review resolution was read and approved by board members. According to Kristine Morabito, CCIDA project manager, the SEQR report was done in order to install a crane at the business for additional capacity.
Also at the meeting, a resolution to approve a straight lease transaction for S.Howes was read and unanimously passed.
"This resolution is a final authorizing resolution, related to the application S. Howes submitted to us requesting (Payment In Lieu Of Tax) assistance, sales tax abatement and mortgage recording tax abatement," Morabito said. "The PILOT that is being requested falls within our standard uniform tax exempt policy, so no deviation is needed."
The PILOT, Morabito said, is scaled from 90 percent to 50 percent property tax abatement over 10 years. Additionally, she said a public hearing was conducted regarding the project earlier in February, which three members of the public attended. According to Morabito, each of the people attending were in favor of the project.
"S. Howes has been an anchor business and employer in downtown Silver Creek for over 150 years," said County Executive Greg Edwards. "(President Wayne) Mertz's effort to continually innovate manufacturing, while expanding their workforce with well paid jobs, is commendable. We are delighted that he chose to expand in the village."
The CCIDA worked in collaboration with Empire State Development to develop local and state financial incentives for this project. As a result 21 jobs will be retained and nine new jobs are projected, increasing their workforce by more than 40 percent.
"The PILOT and tax lease approved by the CCIDA Board of Directors today provides a necessary short-term financial incentive for businesses like S. Howes to take that next step and make additional capital investment that will expand their manufacturing facility, attracting new business to Chautauqua County for the long term," said Bill Daly, administrative director for the CCIDA.