Refresco Beverages US, a U.S. subsidiary of a Dutch soft drinks and bottling company that is undertaking a $14.5 million expansion in Dunkirk, will now receive more than $1 million in state tax credits and grants to support the project. That’s on top of $1.8 million in incentives it already received through Chautauqua County.
Refresco acquired the long-vacant Kraft and ConAgra building from the Chautauqua County Industrial Development Agency, in a bid to bring the prominent but empty site back to life and back to the city’s tax rolls after a decade of public ownership. It will pay $1.5 million for the 9.5-acre property at 26 E. Talcott St., along with an additional parcel, as it seeks to expand its warehousing and distribution capabilities.
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It will then spend another $12.65 million to renovate the interior of the 243,800-square-foot manufacturing building and to repair the roof, windows, doors and docks. And it will invest over $350,000 more to buy and install the racking, lighting, security, control systems, technology, electrical and other equipment it needs to operate the facility for warehouse and distribution, including upgrades to the freezer and cooler space.
In exchange for retaining the existing 350 full-time jobs and creating 10 more over the next five years, Refresco will receive $500,000 in Excelsior Jobs Program tax credits and another $500,000 in a Western New York Regional…
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