GCEDC

Press release:

The Genesee County Economic Development Center (GCEDC) will consider accepting an application for incentives from Churchville Fire Equipment Corp. at the agency’s Jan. 10^th board meeting. 

The company is seeking to purchase land and build a truck setup facility in an existing facility on 10246 Perry Road in the Town of Pavillion.  The $900,000 investment by the company would create three new jobs.

Churchville Fire Equipment Corp. is seeking just over $50,000 in incentives, including sales and mortgage and property tax exemptions.

Churchville Fire Equipment Corp. has decades of experience in the fire and emergency services industry, and supplies area fire companies with life-saving equipment.

Press release:

The Genesee County Economic Development Center (GCEDC) approved a revised PILOT -- Payment In Lieu Of Taxes -- for the Ellicott Station development project and incentives for the construction of a spec building at the Gateway II Corporate Park in the Town of Batavia.

The Ellicott Station project in the City of Batavia is a mixed-use brownfield redevelopment project including adaptive reuse and new construction of a blighted property in a key gateway to Downtown Batavia.

The GCEDC Board approved a $22.5 million PILOT for Savarino Companies, the developer of the project, to meet the financing needed for the project’s expanded scope and scale. Incentives are an estimated $3.25 million, including property tax abatements and sales and mortgage tax exemptions.

When fully developed, Ellicott Station will create 68 full-time equivalent jobs and will include the construction of 99,000 square feet of brewery, restaurant and beer garden, a five-story apartment building with 55 apartments and class-A office space.

The Board approved an $18,000 mortgage tax exemption for Gateway GS, LLC for the first of five planned 27,000-square-foot spec buildings the company is building at the Gateway II Corporate Park in the Town of Batavia.

The $2.6 million project, which is being managed by Gallina Development Corporation, has previously received approval for property and sales tax exemptions.

Press release:

The Genesee Gateway Local Development Corporation (GGLDC) approved a revised and consolidated loan and two purchase and sale agreements for parcels in the Gateway II Corporate Park at the corporation’s Nov. 1st board meeting.

Artisinal cheesemaker Yancey’s Fancy requested the revision and consolidation of a January 2017 loan for an expansion project at the company’s Town of Pembroke facility. A $233,449 loan from the GGLDC’s Revolving Loan Fund #2 will close out the fund in its entirety and will be consolidated with two outstanding loans totaling $340,000.

The GGLDC also approved the sale of a 22.2-acre parcel of land at the Gateway II Corporate Park in the Town of Batavia to Mega Properties Inc. which plans to build a 60,000-square-foot facility.  

Wellsville Carpet Town Inc. received approval from the GGLDC to purchase a 2.9-acre parcel of land also located in the Gateway II Corporate Park. Wellsville Carpet Town plans to construct a 15,000- to 20,000-square-foot facility for an outlet center at the site. A purchase and sale agreement set the land price at $45,000 per acre. The company owns Ashley HomeStore, a business also located in the Gateway II Corporate Park.

Both Mega Properties Inc. and Wellsville Carpet Town Inc. may seek incentives from the Genesee County Economic Development Center (GCEDC) in the future.

Press release:

The Board of Directors of the Genesee Gateway Local Development Corporation (GGLDC) passed a budget for fiscal year 2019 at its board meeting on Nov. 1. The budget anticipates cash outflows of approximately $2.5 million.

“The mission of the GGLDC is to foster local economic development by making real estate development investments that prepare sites in Genesee County for new corporate tenants,” said Tom Felton, chairman of the GGLDC.

“The GGLDC also provides strategic investment funding to support the GCEDC’s ongoing economic development and workforce development programs.”

The anticipated 2019 expenditures of the GGLDC include operations and maintenance for the MedTech Centre building, site/corporate park maintenance, an economic development program support grant to the Genesee County Economic Development Center (GCEDC), continuing to support a dedicated workforce development consultant, and professional services. 

Other significant items include: an $890,000 pass-through grant from the New York State Department of Transportation that furthers the ability of the tenants of the Genesee Valley Agri-Business Park (Ag Park) to access rail; $655,000 in debt service payments supporting development at the Ag Park and the MedTech Center campuses; as well as $352,000 in expenses related to wastewater treatment facility upgrades in the Village of Corfu in partnership with the Town of Pembroke, supporting the Buffalo East Technology Park. 

A major source of revenue is rent of $670,000 from the MedTech Centre facility. In addition, $205,000 will be received through the Empire Pipeline Community Benefit Agreement for the final payment of Ag Park bonding. Additional cash receipts will include $202,000 in principal and interest payments from several companies repaying loans made in previous years.

“The GGLDC will continue to actively market our shovel-ready parks in collaboration with the Genesee County Economic Development Center in 2019,” Felton said. “We have been working on a few projects that we anticipate will come to fruition by the end of 2019.”

Press release:

The Genesee County Economic Development Center (GCEDC) will consider approving incentives for two projects at the agency’s Nov. 1st board meeting.

The Ellicott Station Project in the City of Batavia is a mixed-use brownfield redevelopment project including adaptive re-use and new construction of a blighted property in a key gateway to downtown Batavia.

Savarino Companies, the project’s developer, has requested a PILOT agreement for the $22.5 million project be expanded to meet the financing needed for the project’s expanded scope and scale. A revised incentives package is valued at an estimated $3.25 million, including a property tax abatements and sales and mortgage tax exemptions.

The Ellicott Station project is anticipated to create 68 full-time equivalent jobs, the construction of a 99,000-square-foot brewery, including a restaurant and beer garden, and the construction of a five-story apartment building with 55 apartments and class-A office space.

Gateway GS LLC is seeking an $18,000 mortgage tax exemption for the first of five planned 27,000-square-foot spec buildings to be constructed at the Gateway II Corporate Park in the town of Batavia.

The $2.6 million project, which is being done by Gallina Development Corporation, has previously received approval for property and sales tax abatements.

State officials are looking for a more robust commitment from the community before signing off on a low-interest loan to help finance the Ellicott Station project in Batavia; developer Sam Savarino told members of the GCEDC board at their Thursday meeting.

As a result, the GCEDC board will consider an expanded PILOT for the project to match the 30-year loan from Homes and Community Renewal and also take into account the increased cost of the project, from $17.6 million to $21.75 million, as well as the expanded size from 73,100 square feet to 99,111 square feet, and the increase in apartment units from 51 to 55.

The loan is the last piece of the financing puzzle for the project, which has already been delayed by a year because of the complex financing, that includes a $3.5 million investment from Savarino, tax incentives by GCEDC of at least $1.5 million, state grants, and more than $10 million in private investment through a program called the New Market Tax Credits, which allows investors to purchase federal tax credits to help finance projects in distressed urban areas.

As the cost of the project has gone up, so has the cost of financing and transaction costs, which could top $2.5 million.

This is the first project to combine New Market Tax Credits and HCR financing, according to Savarino Companies CFO Milissa Acquard.

The incentives already approved include $897,293 in sales tax savings, $128,232 mortgage tax savings and GCEDC will consider increasing the and $537,398 in property tax savings for the project.

Half of the PILOT payments will be returned to the developer through the “Batavia Pathway to Prosperity” (BP2) program with half going to the relevant taxing jurisdictions (typically, half of the PILOT in a BP2 project area goes into a pool to provide future assistance to to other projects).

Savarino said he thinks their proposal with HCR has gotten past a concern about the planned rental rates for the apartments.

HCR wants to ensure the apartments will be occupied and setting rents plus utilities at 90 percent of the city's median income seemed high to HCR officials, even though that formula is typically acceptable under HCR regulations. Officials asked Savarino to consider setting rents based on 80 or 85 percent of the median income.

Changing the rental rate creates a domino effect for the rest of the financial package, Savarino said, that makes the project much harder to pull off.

Savarino and Acquard said they both think they've reached an agreement with HRC on rents and the financing package but that includes an expanded PILOT approved by the GCEDC board.

"One of the issues that have kept coming up, in some cases with the New Market investors, but also with HCR, is the local buy-in," Savarino said. "It's been deemed not to have enough investment from the community for the benefit the community is getting. We've effectively checked that box by discussing a possible change to the PILOT."

A public hearing will be scheduled on a revised PILOT once the details are worked out.

Press release:

The Genesee County Economic Development Center (GCEDC) approved incentives for Amada Tool and Six Flags Darien Lake LLC, and accepted an application for an expanded PILOT (Payment In Lieu Of Taxes) agreement to support the Ellicott Station development at the agency’s Oct. 4 board meeting.

Amada Tool in the City of Batavia was approved for incentives for an $8.8 million capital investment to increase the company’s manufacturing facility by approximately 19,000 square feet. The project will create 17 new jobs and retain 68 current jobs. The approved investment includes $2.3 million in construction costs and $6.5 million in new equipment. Amada Tool was approved for property and sales tax exemptions of approximately $266,000.

Six Flags Darien Lake LLC was approved for approximately $166,000 in sales tax exemption to build a new $2.15 million ride that is scheduled to open in 2019.  Six Flags Darien Lake LLC is one of the largest sales tax revenue generators in Genesee County.

The PILOT agreement expansion requested by Savarino Companies for the Ellicott Station development was based on increased capital costs, from approximately $17.6 million to $21.75 million, and the development’s footprint, which will expand from 73,100 square feet to 99,111 square feet. The expansion includes the addition of at-grade garages for residents as well as increasing the number of housing units from 51 units to 55 units. 

NOTE: The Batavian will have a follow-up story on Ellicott Station as soon as we have time to write it, which may not be today.

As part its workforce development mission, the Genesee Economic Development Center has been participating in Tuesday evening activities at St. Anthony's, run by City Church, by bringing in recruiters to help connect members of the community with job opportunities.

Last night, Remedy Staffing was on hand to let community members know they can help get job seekers interviews with local companies.

Chris Suozzi, VP of business development for GCEDC (top photo and playing basketball below), told the people gathered in the gym during a break in the basketball games that there are more than 1,000 jobs available in Genesee County, including jobs that pay $15 an hour or more and jobs that provide a career path for advancement.

"Whether you're looking for full-time or part-time work there are jobs you can get started on tomorrow," Suozzi said.

Ryan Macdonald, who supervises Tuesday night activities at St. Anthony's, reminded the crowd they asked for help with finding jobs which is why GCEDC and Remedy staffing were on hand.

Kathryn Kempisty, client partnership supervisor for Remedy, said it would only take 30 seconds of a person's time on Tuesday night and a 30-minute meeting sometime in the next week in order for Remedy to line up job interviews with local employers.

"If you don’t know what you’re looking for, we can let you know about the options," Kempisty said. "There is so much out there that we can’t wait to have you come into our office."

Kathryn Kempisty and Brittany Nadrowski, Remedy Staffing.

Local government agencies are enjoying an additional $4.84 million in new revenue derived from projects approved for assistance from the Genesee County Economic Development Center since 2006, according to a report by CEO Steve Hyde to the County Legislature yesterday.

A key tax abatement awarded to qualifying projects is Payment in Lieu of Taxes (PILOT). While PILOTS afford companies some temporary tax relief on the increase in the assessed value of a property, the company is making PILOT payments and as the PILOT matures, new tax revenue is also generated.

Hyde said once all of the current PILOT projects on the books mature, additional tax revenue will surpass $7.5 million.

IN 2017, school districts in Genesee County received an additional $2.93 million in revenue from GCEDC projects, the county an additional $1.26 million, and local governments, $640,000.

"For every dollar, the county invests in economic development, we're seeing about $25 coming back in property taxes," Hyde said.

While GCEDC generates revenue for itself from fees charged to businesses that it assists, Hyde said it also relies on the financial support of the county, which has been reduced by 33 percent in recent years.

Meanwhile, GCEDC's workload has increased and the agency is actively marketing WNY STAMP in Alabama, which Hyde said continues to generate interest among site selectors, but for that $50 million project the IDA has only been able to budget $50,000 for marketing.

"That’s a bit of challenge right now but we work it and we’ll continue to work it," Hyde said.

GCEDC's support for business projects, Hyde said, have added 2.38 million square feet in new construction and another 1.28 million square feet in renovated space.

The number of PILOT projects in Genesee County in 2002 was 38. The peak was 2010 with 99. The number has fallen off steadily since then to 71 in 2017.

"Just because the number of our PILOTs are trailing off the past few years doesn’t mean it’s a bad thing," Hyde said. "It’s a good thing. It means we're graduating projects."

GCEDC is also working to help to finalize financing for the Ellicott Station project in Batavia. Hyde said it's the most complicated financing scheme he's worked on, and bringing state and federal requirements into line is a challenge. He's meeting today with the chief financial officer for Savarino Companies to work on some of those details. The IDA may need to adjust its initial PILOT plan for the project to help bring the pieces together.

The project has been delayed for months because of the difficulties faced by Savarino, the city and GCEDC in putting the financing package together.

During his eight-year journalism career, Jim Krencik covered economic development in Orleans County and Genesee County, and has often happens with a lot of reporters, he took a keen interest in the topic he was covering.

A week ago, he left his job at the Batavia Daily News and went to work for the Genesee County Economic Development Center as the new director of marketing and communications. He replaces Rachael Tabelski, who is now director of the Batavia Development Corp.

"I started to cover the GCEDC and explaining the big projects and how deals come together, what's happening in our community, that was just really spurred an interest," Krencik said. "I've always been impressed by the work they do here. I think their vision is outstanding and I want to help that mission however I can in this role."

Krenick left the Daily News after five and a half years as a hard-working reporter covering local government, mostly, in Genesee County for a job that will pay him $47,000 a year, which is substantially more than a typical reporter makes at a small-circulation paper.

"It was just very interesting looking at the variety of sites that we have here in Genesee County," Krenick said. "It's interesting looking at the number of businesses that are coming in and thinking if I could do something to help, that's beneficial to the whole community. It is wonderful to not only to share that with the public, but to help the team make that happen; that is very attractive."

Press release:

The Genesee Gateway Local Development Corporation (GGLDC) today approved a loan for Rest & Revival Float Center LLC’s renovation of a City of Batavia facility.

The startup company will be the first health and wellness center in Batavia and Genesee County to provide floatation therapy services.

The renovation includes the purchase of new machinery and equipment. The project has a capital investment of $355,000 and will retain two jobs and create three new jobs.

The company will receive a $100,000 loan from the Genesee Gateway Local Development Corporation’s Revolving Loan Fund.

Rest & Revive will provide floatation therapy and retail sales of floatation sleep therapy systems.

“Businesses are developing new ideas to grow with our economy,” said GGLDC Board Chairman Tom Felton. “The Revolving Loan Fund offers assistance to create more opportunities for companies and our community.”

Press release:

The Genesee County Economic Development Center (GCEDC) approved applications for incentives for two capital projects at the agency’s Sept. 6^th board meeting. 

Amada Tool in the city of Batavia is planning an $8.8 million capital investment to increase the company’s manufacturing facility by approximately 19,000 square feet in the City of Batavia.  The project would create 17 new jobs and retain 68 current jobs. 

The proposed investment includes $2.3 million in construction costs and $6.5 million in new equipment. Amada Tool is seeking property and sales tax exemptions of approximately $266,000. Approximately $85 will be generated in the regional economy for every one dollar of private-sector investment by Amada.

Six Flags Darien Lake LLC is one of the largest sales tax revenue generators in Genesee County and one of the region’s most popular tourist destinations is planning to build and open a new $2.150 million ride in 2019.  The company is seeking approximately $166,000 in sales tax exemptions.    

Both projects will require public hearings as the companies are seeking incentives of more than $100,000.

Press release:

The Genesee County Economic Development Center (GCEDC) will consider accepting applications for incentives for two capital projects at the agency’s Sept. 6^th board meeting.

Amada Tool in the City of Batavia is seeking incentives for an $8.8 million capital investment to increase the company’s manufacturing facility by approximately 19,000 square feet. The project would create 17 new jobs and retain 68 current jobs.

The proposed investment includes $2.3 million in construction costs and $6.5 million in new equipment. Amada Tool is seeking property and sales tax exemptions of approximately $266,000.

Six Flags Darien Lake LLC is seeking approximately $166,000 in sales tax exemption to build a new $2.150 million ride that is scheduled to open in 2019. Six Flags Darien Lake LLC is one of the largest sales tax revenue generator in Genesee County and one of the region’s most popular tourism destinations.

The board meeting begins at 4 p.m. and is open to the public. It will be held at the GCEDC, 99 MedTech Drive in Batavia.

L&M Speciality Fabrication is moving from Albion to a new, bigger location on East Saile Drive, Batavia, and today, company owners and local officials officially broke ground on the site of the new 23,000-square-foot facility.

The company specializes in onion harvesting equipment, custom farm machinery and repairs of farm equipment.

The company is investing $2.2 million in the project. The new facility will include a production area and retail space for farm equipment parts.

Co-owner Lee Schuknecht said the new location was attractive because it's central to three rural counties (Orleans, Genesee and Wyoming), Batavia is already a central location for businesses that support farmers, and West Saile Drive has easy Thruway access.

While the company might be known for its onion harvesting equipment, L&M works with farmers to meet a variety of needs. They've built harvesters for other crops as well as custom conveyors and wagons for a variety of produce.

"With most farmers, we try to figure out their needs for different growing areas and try to meet those needs," Schuknecht said. "A lot times people come to us with something they need or a problem they have and we try to engineer a solution for their problem, so a lot of things we do, we may only build one or a couple."

Genesee County Economic Development Center assisted the project with a sales tax worth $84,000 for building materials and supplies, and property tax abatement valued at $158,656. The company currently has seven employees and plans to hire two more once they are in their new building.

Photo: Chris Suozzi, VP of business development for GCEDC, Assemblyman Steve Hawley, Lee Schuknecht, Matt Geissler, Sarah Geissler, Robin Schuknecht, and Dale Schuknecht. Lee, Matt, and Sarah own the business. Dale and Robin, parents of Lee and Sarah, assist in the business.

Press release:

The Genesee County Economic Development Center (GCEDC) voted to approve incentives for the construction of two 2MW community solar farms for a combined total of 4MW at 2901 Pearl Street Road. The developer, Pearl Solar LLC will invest approximately $6 million investment and will receive incentives of approximately $472,000 in sales and property tax exemptions.

“While we were concerned about the fact that the project will only create one job, there are other temporary economic impacts such as construction and installation jobs as well as benefits to the local community in approving a renewable energy project of this nature,” said GCEDC Board Chairman Paul Battaglia. 

Among the benefits of the project include: an enhanced property tax payment through a 15-year PILOT (Payment In Lieu Of Taxes) resulting in approximately $311,000 in property tax payments to Genesee County and the Pembroke school district; energy discounts of 10 percent for local residents who sign an agreement with the company to purchase solar energy from the project(s); and, a community benefit agreement in which Pearl Solar will make a $50,000 donation to the Genesee County STEM2 STAMP workforce development program when the two projects are completed.

“This project fits into our local economic development strategy and marketing alignment as we are finding that renewable energy is becoming a preference item for site selectors or companies conducting site location searches,” said GCEDC President and CEO Steve Hyde. “The project also will have no carbon footprint, providing environmental benefits to local residents and just as important it aligns with Governor Cuomo’s Reforming the Energy Vision (REV) initiative.”

Press release:

The Genesee County Economic Development Center (GCEDC) approved incentives for two projects at the agency’s July 12th board meeting. The combined projects are anticipated to create 20 new jobs and approximately $7.6 million in capital investment.

J. Rental is receiving sales, mortgage and property tax exemptions of approximately $723,000 to build a new 60,000-square-foot facility on 19.5 acres in the Apple Tree Acres business park in Bergen. The $6.3 million project will create 15 new jobs. For every $1 in public benefit, the company is investing $14 into the local economy.

Lancor Development Corp. is proposing to invest $1.3 million to build a 12,000-square-foot facility in the new Le Roy Food and Technology Park. The project would create five new jobs and retain seven jobs. Lancor is receiving sales and property tax exemptions of approximately $122,000. For every $1 of public benefit, the company is investing $28.5 into the local economy.

The board also accepted an application from Pearl Solar LLC for the construction of two 2MW community solar farms for a combined total of 4MW at 2901 Pearl Street Road. Both projects have the same address but would have separate parcel tax map numbers. Pearl Solar LLC would make an approximate $6 million investment and is seeking approximately $288,000 in sales and property tax exemptions.

Press release:

At its July 12th board meeting, the Genesee County Economic Development Center (GCEDC) Board of Directors unanimously approved providing $10,000 for a feasibility study to determine uses for the Batavia City Centre site.

The GCEDC is collaborating with the City of Batavia and the Batavia Development Corporation in conducting the study. The city and the GCEDC also are applying for funding from Empire State Development’s Strategic Planning Program for matching funds.

“We continue to strongly support economic development initiatives in the City of Batavia,” said GCEDC Board Chair Paul Battaglia. “The redevelopment of Batavia City Centre site is critically important to the efforts to bring more capital investment and jobs to the region’s urban center as it has such a prominent footprint in the city.”

The intent of the study is to evaluate various redevelopment scenarios for the site, including remaining as a retail center. Other components of the study may include site planning, engineering, architectural renderings, cost estimates, permitting and financial analyses. The study also is intended to build off of current plans that have been developed for the site through the DRI process.

“After a number of discussions with our partners on this effort, we came to the conclusion that a feasibility study would build upon and advance the goals of the Downtown Revitalization Initiative,” said GCEDC President and CEO Steve Hyde, who also serves on the DRI advisory group. “In essence, a study will help create a vision for what the site could be and we believe that the information and analysis resulting from the study will generate interest among the development community.”

Press release:

The Genesee County Economic Development Center (GCEDC) will consider approving incentives for two projects at the agency’s July 12^th board meeting. The combined projects would create 20 new jobs and approximately $7.6 million in capital investment.

The board also will consider accepting an application from Pearl Solar LLC for the construction of two 2MW community solar farms for a combined total of 4MW at 2901 Pearl Street Road.

Both projects have the same address but would have separate parcel tax map numbers. Pearl Solar LLC would make an approximate $6 million investment and is seeking approximately $288,000 in sales and property tax exemptions.

J. Rental is seeking sales, mortgage and property tax exemptions of approximately $723,000 to build a new 60,000-square-foot facility on 19.5 acres in the Apple Trees Acres business park in Bergen. The $6.3 million project would create 15 new jobs. 

Lancor Development Corp. is proposing to invest $1.3 million to build a 12,000-square-foot facility in the new Le Roy Food and Technology Park. The project would create five new jobs and retain seven jobs. Lancor is seeking sales and property tax exemptions of approximately $122,000.

Press release:

The Genesee County Economic Development Center (GCEDC) is conducting a search to hire a new director of marketing and communications.  The position was recently vacated when it was announced that the current Director, Rachel Tabelski, will become the next director of the Batavia Development Corporation.

The director of Marketing and Communications is responsible for the development, implementation and management of marketing and communications plans and activities in support of the GCEDC’s mission.

Among the responsibilities include, but are not limited to: development, implementation and management of the organization’s marketing collaterals; media and public relations; management of website, social media and customer communications; sales support; and, public policy engagement.

“The position has really evolved over the last few years under Rachel as the person we are seeking to hire will have a number of responsibilities as the role touches all aspects of the operations of our agency,” said Steve Hyde, GCEDC president and CEO.

“It is a dynamic and a critically important role as our region continues to attract interest among national and international site selectors, but also keeping in mind that we have many local and regional companies seeking to grow and expand here and we need to make sure our marketing and communications are aligned for both.”

Those interested in applying for the position must respond by July 12. A job listing has been posted on the GCEDC website at www.gcedc.com.

Press release:

The Genesee County Economic Development Center (GCEDC) voted to accept applications for incentives for two projects at the agency’s June 7th board meeting and direct the staff to set public hearings. The combined projects would create 20 new jobs and approximately $7.6 million in capital investment.

J. Rental is seeking sales, mortgage and property tax exemptions of approximately $723,000 to build a new 60,000-square-foot facility on 19.5 acres in the Apple Trees Acres business park in Bergen. The $6.3 million project would create 15 new jobs. The company will be investing $14 for every one dollar of public benefit.

Lancor Development Corp. is proposing to invest $1.3 million to build a 12,000-square-foot facility in the new Le Roy Food and Technology Park. The project would create five new jobs and retain seven jobs. Lancor is seeking sales and property tax exemptions of approximately $122,000. For every $1 of public benefit, the company is investing $28.5 into the local economy.

“We are very excited to see the first development at our latest shovel-ready site in Le Roy,” said GCEDC Board Chair Paul Battaglia. “We have worked collaboratively with our local government partners to get the park off the ground. With the first tenant committing to the site we are fulfilling the GCEDC’s mission to rejuvenate manufacturing, grow the local tax base, create jobs and grow the overall regional economy.”

In 2013 the GCEDC board moved forward with a plan to create the 75-acre shovel-ready park in the Town of Le Roy. This project was identified to reverse the generational decline in manufacturing in Le Roy including the loss of nearly 500 jobs (-17.6 percent) in the last five years. Upon successful build-out of the park up to 1,000 jobs could be housed there in the long term, with anticipated manufacturing facility space at full build-out of approximately 600,000 square feet.