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Report: Invitrogen Granted Tax Incentives for Warehouse Expansion in Western NY

This article has been updated from a previous version to include comment from the ECIDA.
 
NEW YORK (GenomeWeb News) – Invitrogen has been granted a tax incentive package to expand its facilities in Grand Island, NY, according to a report this week in the Buffalo News
 
The paper reported that the Erie County Industrial Development Agency this week approved $974,000 in tax breaks to support the company’s plans to add 21,500 square feet of raw materials warehouse space as part of a $2.5 million expansion project.
 
A spokeswoman for Invitrogen confirmed today that the company is “considering an expansion,” but would not confirm the details of the story.
 
John Cappellino, director of business development at ECIDA, said that the agency “worked closely” with Invitrogen before it approved the incentive plan. He said he expects the expansion will happen and the incentive plan will be agreed upon, but he could not say when the construction would begin.
 
According to the report, the incentive package includes $854,000 in property tax incentives, $96,000 in sales tax savings, and $24,000 in mortgage recording tax savings.
 
The Grand Island plant currently employs 475 workers.

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