Press release:
The Board of Directors of the Genesee County Economic Development Center (GCEDC) approved an application for Growing the Agricultural Industry Now! (GAIN!) revolving loan fund for a project in Pavilion. The Board also approved a PILOT (payment in lieu of taxes) extension for Empire Pipeline in the town of Oakfield at its Oct. 6 meeting.
The GCEDC board approved a GAIN! loan in the amount of $65,000 to Cottonwood Farms for the acquisition of milking equipment that would combine wind and solar power in one turbine in order to increase efficiency and electric energy output. The new equipment for the farm’s robotic dairy system is expected to reduce annual electricity costs by approximately $7,000 to $8,000. Cottonwood Farms LLC operates a 300-cow organic dairy farm in Pavilion.
Empire Pipeline owns and operates a compressor station and pipeline in the town of Oakfield. The GCEDC Board accepted the application and will set a public hearing for Empire Pipeline’s request to extend their PILOT agreement for 15 years.
“The GAIN revolving loan program has the opportunity to provide significant benefits to the agricultural sector in Genesee County,” said GCEDC Board Chairman Paul Battaglia. “While the program was just launched in May, the GCEDC has made a tremendous effort to get the money out to the farms, and working in our local economy.”
Through funding provided by Empire State Development, the GAIN program provides loans to qualifying businesses in Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties, all of which are in the top 10 agricultural counties in New York State.
