In 2004, Dundee Foods invested $1.3 million to renovate and begin production at an abandoned 20-acre campus. The 160,000-square-foot facility provided the perfect setup to produce and store many types of food and beverage products. It includes a large freezer, cooler, production area and warehouse space.
Since renovating the site, Dundee Foods has continued to expand its production lines within the facility and recently added a distilled spirits operation and a new organic line. The Dundee Foods location employs 30 full-time workers and is the Village of Dundee’s largest private-sector employer.
Incentives:
FLEDC partnered with Dundee Foods on a sale/leaseback agreement providing the company with real property tax abatements and sales and mortgage tax exemptions in exchange for Dundee Foods capital investment within the county. Additionally, FLEDC worked with Dundee Foods and the Village of Dundee to help secure a Community Development Block Grant (CDBG) from New York State’s Office of Community Renewal to increase the capacity of the Village’s waste water system to handle the increased load now coming from the facility.
Outcome:
In 2007, CASP, LLC, a dairy-based processor and aseptic packaging company, invested $2.87 million on new manufacturing equipment and a building expansion to facilitate a new coffee product line.
The project included:
The project created 20 full-time positions and helped retain 5 full-time employees. In total, CASP, LLC has invested more than $4 million since 2005 at its Penn Yan headquarters.
Incentives:
FLEDC partnered with CASP in a sale/leaseback agreement providing the company with real property tax abatements and sales and mortgage tax exemptions in exchange for CASP’s capital investment within the county. Additionally, FLEDC worked with CASP to help secure a capital investment grant from Empire State Development Corporation to assist in their acquisition of machinery and equipment.
Outcome:
