A leading North American manufacturing company evaluated the potential expansion of several facilities across the United States. The Erie County site option required the acquisition of additional land, rezoning of the acquired site, and infrastructure upgrades including rail service, natural gas, and access to the state highway in order to become a competitive option.
The project profile included an investment of approximately $37 million in real and personal property, retention of 196 jobs, and the creation of 10 additional full-time positions.
Emphasis on defraying the multimillion dollar investment in rail and natural gas became the focus of negotiation services provided by Rubin Advisors. Concessions were provided by the utility. In addition, the state obligated a $350,000 infrastructure grant, which was matched by a $100,000 grant for rail and a grant in excess of $700,000 from the public utility commission. In support of the project, the local community provided a 15-year real property tax abatement.