Toyota of Batavia gets tax break from GCEDC
Toyota of Batavia is investing $975,000 to expand its dealership, and to help the project along, the Genesee County Economic Development Center is providing a $7,500 tax incentive.
The project was first approved for benefits on Feb. 21, 2008. But the actual benefit was approved this week.
The dealership is mortgaging its property for $600,000 to help pay for the project. GCEDC is providing the mortgage-tax exemption.
The GCEDC estimates that for every $1 of tax benefit, the community is realizing $616 of investment by the company.
The dealership is located at 3899 W. Main St. Road in the Town of Batavia.
