IMA Life North America plans to double its capacity for making freeze-drying machines for pharmaceutical companies, and it’s seeking tax breaks to help fund its Town of Tonawanda expansion.
The U.S. subsidiary of Italy’s IMA Group is working with Montante Construction on a proposal to construct an 80,000-square-foot manufacturing and office facility in the Colvin Woods Business Park in Tonawanda. That would mark a significant expansion for the company, which already has a 60,000-square-foot production plant at 2175 Military Road but needs more room to meet customer demand.
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The new operation would include 50,000 square feet of space for a development laboratory, three production bays and warehouse space to assemble, test and ship its machinery, as well as 30,000 square feet of corporate office space for the company’s North American headquarters.
The $27.6 million project will primarily be funded through company equity, along with $1.13 million in Excelsior Jobs tax credits from Empire State Development Corp., in exchange for IMA Life creating 30 new jobs, paying an average salary of $72,293.
But the company also is seeking $824,819 in sales tax breaks on $9.43 million in eligible purchases, plus an even more lucrative property tax break from the Erie County Industrial Development Agency.
If approved, construction would begin in early October, with completion a year later and occupancy in…
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