Public sector incentives are in the spotlight this week as the ECIDA unanimously approved $800,000 in sales-tax breaks for Delaware North, which is slated to move into a proposed new Uniland building at Delaware and Chippewa. Such incentives are not uncommon. A report in this week's Business First shows how tax incentives are critical to many companies. They can be a deciding factor in projects moving forward or companies moving to another community or state. Area IDA offices often get calls from companies looking for help with an expansion or trying to find ways to off set high property taxes. You can read about individual companies and the assistance they received in this week's Business First.
In Batavia, Graham Corporation is expanding, after investing in workers and equipment during the economic downturn. Now that bold move is paying off. Employment at Graham is at 320. Its stock price has more than doubled since 2009. And it recently reported record annual sales volume. The company is planning a $5.5 million capital project in Batavia. Graham makes huge pieces of machinery that are shipped across the globe to customers in the international energy industry. You can read more about the expansion in this week's Business First.