Press Release:
The Genesee County Economic Development Center (GCEDC) board of directors will consider an initial resolution for LNK Holdings Inc.’s acquisition and expansion of an agribusiness manufacturing facility in Bergen at its board meeting on Thursday.
The proposed $1.645 million project enables Craft Cannery to expand operations at Apple Tree Acres by adding 4,000 sq. ft. to its existing 5,000 sq. ft. facility. The USDA-certified contract manufacturer provides dozens of customers with the capacity to ramp production of sauces, dressings, marinades and other foods, produce small-batch foods, and pilot unique recipes for commercialization.
LNK Holdings Inc. plans to create four additional full-time equivalent (FTE) jobs and retain six FTE as part of the expansion. The project follows Craft Cannery’s victory in the 2022 Grow-NY Global Food and Agribusiness Competition, which awarded the company’s planned expansion a $500,000 prize.
The company has requested the GCEDC transfer the existing facility’s payment in lieu of taxes (PILOT) agreement, and PILOT, sales, and mortgage tax exemptions valued at $70,413 to support the acquisition and expansion. The proposed incentives for the additional 4,000 sq. ft. are estimated to return $3.06 million in projected wages and municipal revenues for a $64.1 economic impact for every $1 of requested incentives.
