IDA Approval Given to 3 Niagara Projects

July 15, 2010 Updated Jul 15, 2010 at 11:05 AM EDT

By WKBW Internet

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IDA Approval Given to 3 Niagara Projects

July 15, 2010 Updated Jul 15, 2010 at 11:05 AM EDT

BUFFALO, NY (WKBW/BIZ FIRST) - Three projects totaling nearly $4 million have received approval from the Niagara County Industrial Development Agency.

IDA board members, Wednesday morning, accepted applications from:

• Precious Plate Inc., parent company of Precision Process Engineering, is proposing consolidating the operations of two companies into the former Sherwood Valve building on Liberty Drive in the Town of Wheatfield.

The $1.43 million project would create 25 new manufacturing jobs.

A public hearing on the inducement package is set for Aug. 9 at the NCIDA offices in Sanborn.

• Calamar Development's CO8 Holdings LLC has applied for a 10-year commercial payment-in-lieu-of-payment package along with a sales and mortgage recording tax exemption deal that will help finance the construction of an 8,060-square-foot building on Forest Parkway in Wheatfield.

Apollo Health Care will occupy the building for its renal dialysis center.

The development carries a $1.53 million price tag and could create 20 new jobs within the next two years.

The building is part of office park Calamar is constructing as part of the Woodlands Corporate Center East development off of Shawnee Road.

A public hearing is also set for Aug. 9 at the NCIDA offices.

• Impressive Construction, the real estate holding company of Marketing Imprints Inc., is proposing a 6,500-square-foot building on Division Street in N. Tonawanda. Impressive Construction will be investing $652,000 on the building.

Marketing Imprints will occupy half of the building and the rest will be leased.

The NCIDA set an Aug. 10 public hearing in N. Tonawanda City Hall for the project's incentive package.

"These projects put a vacant building back into a productive use, furthers the development of the Woodlands Corporate Park, generates new investment and jobs in our communities and increases our tax base," said Henry Sloma, NCIDA chairman.

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