B U F F A L O N E W S
gets tax breaks to update plant
By DAVID ROBINSON
News Business Reporter
received tax breaks worth nearly $450,000 from the Erie County Industrial
Development Agency on Monday to help the manufacturer of cell culture
products renovate its Grand Island factory to increase its capacity.
The $5.2 million renovation project will allow Invitrogen to expand the capacity of its existing product lines and give the company the ability to make other, new products, IDA officials said.
The renovation work is expected to create 36 new jobs over the next two years, boosting the company's employment to 492 from the current 456.
The project also positions the Grand Island plant for future expansion at the local site, rather than one of the California-based biotechnology company's other locations, IDA officials said.
State officials previously have said the company is considering expanding the Grand Island plant by as much as 40 percent. The plant makes nourishment to keep cell cultures alive in a laboratory.
The incentives approved by the IDA on Monday will save the company about $394,000 in sales taxes and another $51,700 in mortgage recording taxes.
The IDA also approved $72,000 in property, sales and mortgage tax savings for Green Meadows - Buffalo LLC, a real estate holding company that owns a D&W Diesel. The diesel engine component repair firm plans to move its headquarters and factory to a larger facility in Cheektowaga from its current location in Depew.
The move to a roughly 10,000-square-foot facility at 3788 Broadway in Cheektowaga will allow D&W Diesel to double the size of its current facility in Depew.
The $300,000 project is expected to add three jobs to the company's current 10-person work force. Even though D&W is moving from one community to another within Erie County, the IDA was able to provide incentives for the project because the company said it was not able to find a suitable site in Depew.
The company plans to renovate the existing 4,800-square-foot facility at the Cheektowaga site and also build a 5,250-square-foot addition. Additional machinery and equipment also will be purchased.