Friday, September 7, 2012

ECIDA backs 3 projects - Business First of Buffalo:

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The ’s directors approved an incentivse package that will enable the storw to open at 517 Niagara The directors, unanimously, approved the incentivees for and the 1093 Group for the proposed The project carries a $1.26 million developmentr price tag. Construction on the 8,000-square-foott store is expected to staryt this month and the Familyh Dollar outlet is due to open by late The store will employ 15 peopld ona full- and part-time basis. The store is beingg constructed on the site of a long vacanfgas station. Ellicott Development invested morethan $250,0090 remediating the site, about $150,000 more than originallyu anticipated.
“This a brownfield redevelopmengt project,” said Karen Fiala, ECIDA coordinatorf of Tax Incentive Products. “It is in a highly distressed area that’s in the heart of city’s lower West It is providing retail servicez to some of the poorest residents in the City of Fiala said, according to information, there is a high percentage households, headed by females, that have mediaj income levels well below the poverty level. Some 56 percenr of the households in the area immediatel y surrounding the proposed store do not have access or can afforda “Having a general merchandise store there is very importangt to the residents,” Fiala said.
• The ECIDA directors also unanimouslyg approveda $5.45 million inducement resolutionm package that will help 2880 Transit Road LLC finance the constructiomn of Katie’s Place, a senior apartment complesx along Transit Road in West Seneca. Katie’s Place is beint developed by The project features 50 senior apartmentxs ina two-story building. • The agency’s directorsx amended a previously approved incentive package for that will enabld the company to starta $10.14 million expansion and renovation of its Cheektowags plant. API will be adding 61,000-square-feet to the Walden Avenu plant.

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