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You are here: Home / News / Local News / IDA Provides Tax PILOT, Low-Interest Loan for Grens Expansion Project

IDA Provides Tax PILOT, Low-Interest Loan for Grens Expansion Project

October 24, 2013 By WRFA Radio Leave a Comment

FALCONER – Chautauqua County’s Largest beer distributor is moving forward with a big expansion project.

According to the Chautauqua County Industrial Development Agency, Gren Ventures, LLC, is engaged in a new expansion project on Mason Drive in the Mason Industrial Park in the Town of Ellicott.

The new construction consists of a 22,875 square foot building, which will serve as their new recycling and warehousing center. The construction project involves driveway, parking, landscaping and improvements to the land.

Gren will receive a Payment in Lieu of Tax (PILOT) Agreement from the County of Chautauqua Industrial Development Agency (CCIDA).  The CCIDA also partnered with M&T Bank on the company’s $1,600,000 capital investment, providing a $550,000 AL Tech Loan.

Gren Ventures, LLC is expanding beyond the new recycling and warehousing center to also accommodate new lines of businesses, and more warehouse space is necessary to house all the new products.

The new brands will now be distributed locally; four new employees have been hired, and additional hiring will follow.

Arthur R. Gren Company, Inc. located at 1886 Mason Drive, Jamestown, NY (Town of Ellicott) was incorporated in 1954, serving Chautauqua County as a private company wholesale distributer. The company has 36 full time employees, and this expansion will create new employment.

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Filed Under: Local News Tagged With: Arthur R. Gren Company, Chautauqua County Industrial Development Agency, Gren Ventures LLC, Mason Industrial Park

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