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Thread: Two firms get tax incentives in Amherst

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    Member steven's Avatar
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    Two firms get tax incentives in Amherst

    The Amherst Industrial Development Agency gave the green light Friday to a plan by the owner of Stereo Advantage to move its Lifetime Service business from South Union Road to a new 20,000-square-foot facility on Wehrle Drive.

    The IDA approved a $1 million lease transaction for The Advantage Co. to build a 20,000-square-foot addition to its distribution facility at 1955 Wehrle Drive. That site will house the Lifetime Service Center now located at 52 Union Road in Williamsville, which was originally built in 1989 but can no longer accommodate the company's growing national business.



    The agency approved a 15-year payment-in-lieu-of-taxes program, with the company paying $648,628 in property taxes during the period, while saving $31,500 in sales taxes, $203,243 in property taxes and $10,000 in mortgage recording taxes.
    The IDA also approved a $275,000 "installment sale transaction" for DiCamillo Bakery of Niagara Falls to renovate and equip a 150-year-old building on Main Street near Union Road in Williamsville into a retail store. DiCamillo, which already has four locations, said it needs the new store to widen its geographic reach to new markets in Erie County because its existing markets are shrinking, aging, and becoming impoverished.

    http://www.buffalonews.com/editorial...18/1027874.asp
    People who wonder if the glass is half empty or full miss the point. The glass is refillable.

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    Anyone know how Satish voted? He voted against FedEx's incentive in Cheektowaga, I recall because "theyre making money".

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