Receives State Funding, IDA Tax Breaks
By Jann Wiswall
The NYS Regional Economic Development Council (REDC) awarded $600,000 to Ellicottville Brewing Company (EBC) for its expansion into Little Valley, where the company plans to locate a brewing and bottling facility in the Village of Little Valley for the company’s growing domestic and international market.
And, on Tuesday, Dec. 6, the Cattaraugus County Industrial Development Agency (CCIDA) approved an application from EBC for tax incentives in connection with the project. The IDA application was submitted by Kreinheder Properties, LLC, and S&W Companies, LLC.
According to the CCIDA application, EBC plans to “renovate and overhaul the former King Window/Salamanca Beverage Building” on Second Street in Little Valley alongside the Pat McGee Trail.
The new EBC facility will be a manufacturing and bottling hub for its increasingly popular, award-winning craft beers. Plans also call for a tasting room, tours, an outdoor concert space and a beer museum highlighting “the history of craft beer and craft beer making in the region and state.”
EBC currently operates its Ellicottville flagship restaurant and manufacturing plant, as well as restaurants in Fredonia and Bemus Point.
Crystal Abers, who is Cattaraugus County’s director of economic development, planning and tourism, and sits on the boards of both the REDC and CCIDA, notes that the 75,000 square foot building has been “underused as a warehouse for several years.” The EBC project is “exciting for the Village of Little Valley,” she said, “which hopefully will see more foot and vehicle traffic” as a result of the business and new employment there.
EBC’s filing documents for CCIDA benefits indicate that the project will create 25-30 new jobs in Little Valley and will allow the company to grow and expand, which could further increase employment levels.
EBC currently employs 160+ people at its three locations.
The Little Valley building needs extensive work, including new electrical and plumbing service, siding, roof, exterior landscaping and lighting, plus all new interiors for beer manufacturing equipment, furnishings and storage.
Costs are expected to be in the $5.5 million range.
With CCIDA support, the company will be exempt from New York State sales taxes on furniture, fixtures and equipment, as well as mortgage recording taxes. It also will receive Payment in Lieu of Taxes (PILOT) benefits to “assist the investment and economic development impact.”
CCIDA Executive Director Corey Wiktor sees the project as a “real catalyst for future employment and development in Little Valley,” as well as a benefit for the county as a whole.
“This project hits so many economic development drivers,” Wiktor says. “It brings new jobs, grows the tax base, increases demand for housing and services and enhances tourism. We know what brewery trails can mean to a region. When we add this to the other year-round attractions in the county, we think more people will come and maybe stay even longer.”
Construction on the manufacturing and bottling plant and the tasting room is expected to begin in early 2017 with a late 2017 completion goal. The concert venue and museum are targeted for a summer 2018 opening.