Lockport Union-Sun & Journal — Bison Bag Co., Inc. is planning an expansion that would nearly double the size of its Crown Drive location and possibly add up to 10 new positions.
Executives from the Town of Lockport packaging manufacturer met Thursday with the Industrial Development Agency Board of Directors. The expansion would be an investment of somewhere between $1.5 million to $2 million, said company President Scott Zgoda.
Following the discussion, the IDA board approved the sale of a 1.5-acre piece of IDA Park property to Bison Bag for $30,000. The property is west of a 1.5-acre vacant lot Bison Bag owns, giving the company 3 total acres. The vacant lot is west of the plant.
The expansion would add 50,000 square feet to the current 55,000-square-foot facility.
”If you stay stagnant, you fall behind and it’s tough to play catch up,” said Chief Operating Officer James Streicher, Jr.
Bison Bag is seeking a 15-year Payment-In-Lieu-Of-Taxes agreement for the expansion, said IDA Administrative Director David R. Kinyon. A public hearing will be set by the board when Bison Bag is ready to move forward, Kinyon said.
Zgoda said the company plans on starting construction before the end of the year.
While the company wants to expand, the parcel purchase could limit where Bison Bag could expand to next, Zgoda said.
”We want to continue to grow the business well beyond what’s here and that could hinder it,” he said.
Bison Bag currently employs about 70 people. Zgoda and Streicher said their biggest clients include Wegmans and Rich Products, as well as others all over the country, Europe and South Korea.
The business began in 1968 in the Town of Tonawanda, then relocated to the Lockport IDA Park in 1998.
In other IDA news, the board hired Wendel for $12,600 to design a new drainage pond for the eastern edge of the industrial park.
The board is considering adding street lighting for the industrial park as well. IDA attorney Daniel E. Seaman said it would require Town Board action to create a special taxing district.Contact reporter Joe Olenick at 439-9222, ext. 6241 or follow him on Twitter @joeolenick.