Jamestown Container Corporation will receive $500,000 for a planned $1.6 million project at its Falconer facility. The money will be used to upgrade the Falconer site’s manufacturing and distribution operations, make facility repairs and equipment upgrades, and conduct certain remediation activities. The OCR award will fund a portion of the machinery and equipment, as well as provide for working capital costs associated with the project. 21 new full-time employees will be hired as a result of the investment.

Jamestown Advanced Products will receive $750,000 that will be invested in a new division of operations, toward a $3 million investment at its Ellicott location. Recently, Jamestown Advanced Products created a Homestead Implements division, specializing in the manufacture of high-quality 3-point and front-end loader tractor attachments. The company will introduce a new line of implements, specifically engineered for tractor dealers. New machinery, equipment, inventory, and parts will be purchased, with OCR funds to be used toward the machinery and equipment costs. Jamestown Advanced Products will create an estimated 55 new full-time equivalent jobs.

The IDA also approved a $400,000 AL Tech Revolving Loan Fund loan for ZTS Development to purchase real estate located at 201 Winchester Road in Lakewood, which was formerly owned by Lexington Machining, LLC. ZTS Development plans to lease the building as manufacturing space. $1-point-1 million dollars will be invested in the project.

A barn in Mayville will be converted into the Big Inlet Microbrewery, thanks in part to two loans totaling $240,000 from the County IDA.

JAMESTOWN – The Chautauqua County Industrial Development Agency met on Thursday morning in Jamestown and acted on a number of resolutions, including the sale of a piece of property in one of the county’s industrial parks, as well as a loan for a new start up brewery in Mayville.

IDA officials approved the sale of the property at 2071 Stoneman Circle to ZTS Development for $1.2 million.  The property currently houses the Classic Brass operation, which is leasing space from the county. IDA executive director Kevin Sanvidge says that even with the sale to ZTS, the terms of the long-term lease agreement with Classic Brass will continue, meaning the operation won’t see any impact with the property transfer. Sanvidge also said the IDA will likely consider a PILOT agreement with ZTS later this year.

Also on Thursday the IDA board approved two loans totaling $240,000 for a start-up microbrewery operation in Mayville.

The Big Inlet Brewing operation is a $600,000 project that would be based out of a 3400 sq-ft barn at 6169 Elm Flats Road.

The IDA board approved an Al Tech Loan for $165,000 and a$75,000 CRLF loan.  The operators of Big Inlet Brewing, Randy and Brent Henderson, have also received a $300,000 loan from a local bank.

Once open the operation will include a tasting room in the facility, and later, sales of kegs of craft beer. It would have minimum staffing to start, although IDA officials say their business plan does account for growth in employment. They are hoping to open the business on a part-time basis this coming winter.

The IDA board also unanimously approved a resolution to refinancing of RM12A Holdings, LLC, with Keybank National Association. Specific details of what the refinancing entails were not provided during discussion.