Lockport Union-Sun & Journal Online

Local News

May 15, 2014

Reid asking county for PILOT

Lockport Union-Sun & Journal — Reid Petroleum Corp. is asking the Niagara County Industrial Development Agency for financial assistance for a $1.37 million expansion of its 100 West Genesee St. headquarters.

IDA Board of Directors voted Wednesday to accept Reid's application for a 10-year Payment-In-Lieu-of-Taxes agreement and sales tax exemptions, with benefits totaling $1.8 million. The board expects to vote next month on the proposal.

The project is a two-story, 7,500-square-foot expansion on the building's west side, as well as exterior renovations. The addition will house Reid Stores, Inc., the division of Reid Group that oversees 48 Crosby's convenience stores located in Pennsylvania, Eastern Ohio, Western and Central New York.

Nine workers would move to Lockport from Reid Stores' current location in Brockport, said Michael Mahar, a real estate specialist with Reid. Three new jobs would be created, meaning a total of 12 new jobs for Lockport.

Those jobs could range from accounting positions to human resources to truck drivers to real estate, Mahar said.

The expansion will also allow for future growth, as roughly a quarter of the space will be dedicated to that, Mahar said. There are 65 total employees right now at the West Genesee Street location.

"We're in growth mode," Mahar told the IDA board.

Also at Wednesday's meeting, the board of directors approved two other applications for financial assistance. Action is expected to be taken by directors at next month's meeting.

Irr Supply Inc., which has three locations in Niagara County including Niagara Falls, North Tonawanda and Lockport, is requesting a 15-year PILOT and sales tax exemptions. The plumbing, HVAC, refrigeration and electrical wholesaler is planning a $2.25 million renovation of its 908 Niagara Falls Blvd. location in NT.

Michael Duffy, Irr Supply president, told the IDA board the project would consist of renovating and modernizing the facility. The improvements would also take care of the company's need for a distribution center, meaning Irr Supply wouldn't have to move.

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