Buffalo News: ECIDA Board approves Cameron, two other projects
Published:August 19, 2014, 10:59 AM
Updated:August 19, 2014, 10:59 AM
Cameron and two others get tax breaks
BY : Matt Glynn (mailto:firstname.lastname@example.org)
The Erie County Industrial Development Agency today approved tax breaks supporting projects at Cameron International Corp. in Cheektowaga, Unifrax in the Town of Tonawanda, and Continental Service Group in Cheektowaga.
The ECIDA approved $183,000 in sales tax savings for Cameron, related to facility upgrades at its Broadway plant. Cameron plans up to $6.5 million on the improvements, a project which is expected to remain on track despite the planned sale of Houston-based Cameron's centrifgual compression division - which includes the Cheektowaga site - to Ingersoll Rand. Cameron expects to complete the sale, valued at about $850 million, by the end of the year.
Unifrax was approved for $1 .27 million in incentives for a $33 million project that involves acquiring leased facilities, building a new facility , and installing machinery and equipment.
Unifrax plans to add 25 jobs to its work force of 268 people at the site. The incentives are a combination of property, sales and mortgage recording tax savings.
Continental Service Group, a Rochester-based higher-education debt collection agency , is moving its local operations from leased space in the Town of Lancaster to a vacant building at the AppleTree Business Park. Continental Service is purchasing furniture, office equipment, phone systems, computers and servers for its expanded operations, and will receive $122,500 in sales tax savings from the ECIDA related to those expenses.
The company plans to add 40 jobs to its current work force of 100 people, the ECIDA said.