Council accepts initial application for $17.6 million office and warehouse distribution center in Pembroke
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) Board of Trustees has approved incentives for a $3.72 million financial investment by Ivy Village Corp. which would create 20 seniors housing units at market rate in the village of Le Roy at its board meeting on Thursday, August 4, 2022.
The GCEDC Board also accepted an initial application for a project proposed by Nexgistics to build a $17.6 million warehouse distribution center and on 30 acres of land on Vision Parkway in the City of Pembroke. The 140,000 square foot facility would also serve as the company’s national headquarters.
Nexgistics is a third-party logistics provider specializing in consumer electronics, sporting and outdoor goods, e-bikes and related products with operations in New York and Nevada. The project enables Nexgistics to maintain 21 full-time positions and create three new jobs.
Nexgistics claimed sales tax exemptions estimated at $812,000, property tax abatement estimated at $1,116,360 and mortgage tax exemption estimated at $154,650. For every dollar of public interest, the company invests 7 dollars in the local economy.
“Nexgistics provides another example of how Genesee County and the Buffalo-Rochester Technical Corridor provide the perfect location for industries that need ready-to-use sites, a skilled workforce, and a strong logistics network,” said Steve Hyde, Genesee County Economic Development Center Chairman and CEO.
Ivy Village Corp. plans to build residential units at market price in three phases, with each phase requiring the construction of 10 duplex residences. The development is situated on 16 acres off Lake Street with easy access to village amenities and is a twenty minute drive from downtown Rochester.
Ivy Village Corp. requested approximately $805,000 in mortgage, land and tax incentives. The fiscal impacts of the project (wage and indirect tax revenue) are estimated at more than $3.5 million over the life of the PILOT, with $6 of local project benefits for every $1 of public investment.
“Housing at all levels is a critical need in Genesee County,” Hyde continued. “This project, while providing new housing options for our elderly population, opens up the existing housing stock for the next generation of homeowners.”
A public hearing will be scheduled for Nexgistic’s proposed financial assistance.