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Erie County Industrial Development Agency approves nearly $2 million in incentives to assist a trio of projects totaling $13.7 million in new construction and adaptive re-use

 

The Erie County Industrial Development Agency Board of Directors today approved tax incentive packages for three local projects to support industrial and retail ventures in East Aurora and downtown Buffalo.

 

The ECIDA board voted to provide Moog, Inc. with $1.47 million in sales and property tax abatements to aid construction of a new administration building on its East Aurora campus. The new 65,000-square-foot office building will house Moog's Corporate Administration and Corporate Services divisions, which includes senior management, finance, accounting, tax information technology, legal and contracts and supply chain staffers.

 

The $12.9 million project includes $10.5 million in construction costs, plus another $2.3 million in related expenses.

 

The co-location of these functions will free up existing space for Moog's business unit needs.  Construction of the new structure is expected to create 35 new full-time, permanent jobs at the East Aurora-headquartered company, growing the workforce to more 2,511 over the next two years.

 

Moog is a worldwide designer, manufacturer and integrator of high performance motion and fluid control systems for a broad range of applications in aerospace and defense, industrial and medical markets.

 

The ECIDA has a long history of aiding Moog expansion projects dating back to the early 1970s when the agency was first established.  Over the past four decades, the ECIDA has assisted nearly $63 million in Moog investments, enabling it to grow its employee roster from just over 500 to a current 2,476.

 

ECIDA members also approved a request from Buffalo developer Rocco Termini for a total of $131,000 in tax abatements for two downtown Buffalo restaurant projects.

 

The Termini plans to convert the Golden Swan Café and Grille, at 437 Ellicott St., to an affordable Italian, family-style eatery.

The Termini team also plans to turn the former Horton Coffee Co. building, at 338 Ellicott St., into a reasonably-priced family restaurant.

 

In both projects, Termini is who has completed several successful downtown housing projects and added other retail and restaurant sites to Ellicott Street, is partnering with restaurant veterans. Sarah Ketry, daughter of Pearl Street Brewery & Grill owner, Earl Ketry, and high-profile local chef and restaurant owner Mike Andrzejwski, are teaming with Termini to bring the idle sites back to life as eateries.

 

Investment in the two restaurants will total $800,000 and create 10 full-time jobs when they are up and running.

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