COMIDA approves assistance for three economic development projects: 760 Brooks Ave., Upstate Niagara Cooperative and the Mall at Greece Ridge

According to Monroe County executive Maggie Brooks, the County of Monroe Industrial Development Agency (COMIDA) approved assistance for three local economic development projects. The following projects were approved by COMIDA: * 760 Brooks Ave., Inc. (lease/leaseback). 760 Brooks Ave, Inc. proposes to construct a new 32,000 s/f, three-story Red Roof Inn at 760 Brooks Ave. The city is supportive of the project and has requested that COMIDA assist the developer. The $4.3 million project is projected to create 27 new FTE within three years. * Upstate Niagara Cooperative (lease/leaseback) at 45 Fulton Ave. Upstate Niagara Cooperative, Inc. is a food and beverage cooperative that has been manufacturing dairy products. The city's plant is the exclusive production facility for organic milk. Upstate is proposing to expand their existing 16,500 s/f cold storage area with a 7,400 s/f addition. The expansion will allow the plant to reduce downtime while adding capacity for 454 more pallets of product. The $1.75 million project will impact 72 existing employees and is projected to create nine new FTE within three years. * Greece Ridge, LLC (sales tax only.) Greece Ridge is the property owner of the Mall at Greece Ridge Center. The mall has 1.5 million s/f of gross leasable area, 142 tenants and the tenants employ 2,400. Phase I of the project will include the renovation, construction and modernization in the amount of $6 million in order to reposition the retail shopping center by enhancing its market position and attracting new businesses. The mall has five FTE. The project is expected to create two FTE within three years.