N.F.C. Development Corp. Approves Two Projects

Niagara Falls, N.Y. – Mayor Paul Dyster is pleased to announce the funding of two projects in Niagara Falls through the city’s N.F.C. Development Corporation. The N.F.C. Development Corporation is the city agency tasked with offering incentive packages to stimulate growth in the local economy through job creation or retention, broaden the City’s tax base, and generate new business.

“I am very pleased that we were able to provide incentive packages for these two companies. Being able to land KeySource, a national pharmaceutical company, who will be bringing white-collar jobs to downtown Niagara Falls is a huge win. Couple that with assisting Niagara Street institution Mike’s DQ Grille & Chill with its expansion plans adds to the landscape of great economic development projects taking place in our city. This is a very exciting time for the city of Niagara Falls” said Mayor Dyster.

N.F.C. Development Corp Executive Director Anthony Vilardo said, “It is really exciting to bring a company like KeySource to Niagara Falls. The jobs that will be created will ensure a continued diversification of our local economy. Being able to assist Mike’s Dairy Queen which is so vital to the Niagara Street Business District shows that local entrepreneurs can be successful in Niagara Falls and are willing to reinvest here.”

The businesses, which received funding, are:

KeySourceUSA: KeySourceUSA is a Cincinnati-based pharmaceutical distributor looking to expand its sales operation in to the city of Niagara Falls. KeySourceUSA was approved for a N.F.C. Commercial Assistance Grant in the amount of $100,000 to be used towards the following costs: Construction, Furniture, Fixtures, Equipment, and IT Infrastructure build out. The total project cost, including renovations to the historic Power City Building is estimated to be $426,000. The project is expected to create 18 full-time, good-paying jobs in year one, with the potential for growth in subsequent years.

“We are thrilled to invest in the Niagara community,” said Albert Paonessa III, CEO of KeySourceUSA. “Niagara Falls has been a central hub for pharmaceutical sales for over 40 years. We see this new office as a strategic partnership between the City of Niagara Falls and KeySourceUSA — one that brings good, solid jobs to the area and restores one of the city’s architectural gems.”

Mike’s DQ Grill & Chill: Niagara Falls residents Michael and Colleen Palmeri purchased the Dairy Queen store located on Niagara Street in Niagara Falls from Mr. Palmeri’s father in 1983. Since then they have undertaken two major expansions, and welcomed a third generation- Mike Jr. to the family business. The Palmeri’s are now planning the next phase of the DQ Grill & Chill at 2432 Niagara Street. The project will include increasing the restaurant and drive thru’s capacity. The total project cost will be approximately $1,500,000 and create six new full time and eleven new part-time jobs. The N.F.C. Development Corp. authorized $100,000 under its Commercial Grant Assistance Program to make the project possible.

Mike Palmeri, Sr said, “I would like to the thank the N.F.C. Development Corp. for investing in our family business and Niagara Street. We have had great success at this site and look forward to serving our loyal customers for generations to come.”

About N.F.C. Development Corp.: N.F.C. Development Corp. was established in 1980 by the City Council as a not-for-profit corporation under Section 402 of the New York State Not- For-Profit Corporation Law. Its original and continued mission is to provide programs relieving and reducing unemployment, bettering and maintaining job opportunities, providing aid to attract new business or retain business and industry within the City of Niagara Falls, New York. N.F.C. is governed by 19 Directors, which include the Mayor and City Council, the Niagara Falls Urban renewal Directors, and 9 private sector directors selected and approved by the N.F.C Members.

TM Montante Development Selected As Preferred Developer for Prime Downtown Development Site

Niagara Falls, N.Y. –  Mayor Paul A. Dyster announced the selection of TM Montante Development as preferred developer for prime downtown development parcels located along 7th and Niagara Streets in the City of Niagara Falls. The multi-phase, approximately $5 million project will transform the structures located 610, 614 and 624-Niagara Street and the adjacent vacant parcels of 414- 428 7th Street into a mixed-use facility in the heart of the downtown corridor.

Mayor Paul Dyster said, “The impact of this exciting announcement will be felt two-fold. Marking the second major development along the Niagara Street corridor in six months, the innovative proposal put forth by TM Montante Development will transform what is essentially the gateway to the City of Niagara Falls, helping to shape a vibrant downtown core for people to work, live and play. Moreover, the dedicated incubator space for the NGTI will extend the lasting impact of this development by spurring future development for years to come. I want to thank our partners at Empire State Development, the NGTI and Niagara University and TM Montante Development for their investment in our city and look forward to the many exciting things to come.”

Chris Campos, President of TM Montante Development said, “We view this project as playing a role in the continued transformation of Niagara Falls, but we also view it as being transformational in and of itself. The new mixed-use space will represent a rebirth of these beautiful historic buildings, and ensure that they have new life for generations to come.”

Centered on the adaptive reuse of National Register-eligible structures, Phase 1 will focus on the development of 16 market rate residential units, a corner cafe and coffee shop, approximately 1,500 square feet of ground-floor commercial tenant space, secure, gated parking and an additional 8,000 square feet of commercial space dedicated to housing the Niagara Global Tourism Institute.

An affiliate of Niagara University, the NGTI focuses on fostering public and private partnerships to enhance regional tourism and global competitiveness in the City of Niagara Falls. The space will serve as the new headquarters for the NGTI and provide it with the resources necessary to continue to grow its transformative impact on the city’s tourism economy and provide an additional square footage for incubator space to foster new businesses in the downtown core.

“The Niagara Global Tourism Institute and Niagara University are truly grateful and excited to embark on this project with the City of Niagara Falls, New York State and TM Montante Development,” said Patrick Whalen, Director of the Niagara Global Tourism Institute. “This is an opportunity is a cornerstone initiative, in-line with the NGTI’s focus on our four pillars of research, workforce development, technology and entrepreneurship. We are honored to be part of the continued development and revitalization of the City of Niagara Falls and are committed to the collaborative process with our partners in this project and the community. Continued progress is indeed a journey and we are elated to take this first, collaborative step forward.”

Work on Phase 1 will begin immediately with a completion timeline of approximately 18 months. Phase 2 is set to include the construction 10 rowhomes along 7th Street or the construction of a $30,000 square foot mixed-use building based on market demand.

“We are excited that a company with the reputation and experience of TM Montante has decided to undertake this project in Niagara Falls,” said Anthony Vilardo, Director of Business Development. “For too long the area north of Niagara Street has suffered from disinvestment. Through careful planning and alignment with other development in the tourism district and the Niagara Falls Memorial Medical Center Campus this neighborhood is ready to take off.”

The City Of Niagara Falls was awarded a $750,000 grant in December 2016 by Empire State Development to facilitate the redevelopment of the parcels. The announcement comes following the receipt of several strong proposals as part of a Request for Proposal process issued by the Department of Economic Development in February. Potential developers had the ability to redevelop the available, city- owned parcels individually, paired, or as a single development parcel.

The parcels offered for development proposals are surrounded by an increased concentration of hotels, restaurants and attractions. They are located in a neighborhood anchored by the growing Niagara Falls Memorial Medical Center campus (more than 1,100 employees), the Seneca Niagara Casino Complex (approximately 3,000 employees) and the Niagara Falls Culinary Institute (steadily growing to more than 1,100 students and faculty).

From The Niagara Gazette – OPENING OF TULIP FACILITY CELEBRATED

From The Niagara Gazette – OPENING OF TULIP FACILITY CELEBRATED

A formerly contaminated tract in the city’s North End began a new era on Wednesday, when politicians and company officials gathered to celebrate the Tulip Corporation’s newly completed manufacturing facility.

The new site, built next door to Tulip’s original facility on Highland Avenue over the past 10 months, maintains 80 local jobs and updates the facility’s capabilities. According to Tulip leadership, the former factory was antiquated and stifled the company’s potential for growth.

Tulip specializes in “thermoplastic injection molding” and serves a variety of different industries, including in the production of batteries, bottled water and certain dairy products.

 The Highland Avenue parcel was the subject of a $25 million contaminant cleanup overseen by Buffalo-based environmental and demolition firm OSC and the Honeywell Corporation. OSC owns the property, on which it built Tulip’s new 82,500 square-foot facility, and engaged the company in a longterm lease.

The property was vacant for nearly four decades and was among the largest “active remediation projects” in the state, according to company officials, whom described the site in a press release as a “35-acre wasteland that attracted crime, blight and physical hazards to the Highland Avenue” area.

Mayor Paul Dyster said at the ceremony, “This state-of-the-art facility not only reclaimed and remediated property in a neighborhood that is experiencing renewed investment not seen in many years, but preserves Tulip’s presence in Western New York and its commitment to a workforce that is second-to-none.”

The company’s CEO, Craig Kellogg, said that the local workforce was a “driving factor” in Tulip’s decision to stay in the city of Niagara Falls. Tulip leadership considered moving to the Midwest in order to be closer to its customer base, he said.

“We quickly realized that we would have been hard-pressed to recreate the workforce we have here in Niagara Falls. Most of what we do is science, but how to apply the science involves know-how that is hard to develop.”

Terry Dittes, a United Auto Workers Region 9 Director who represents employees at Tulip, praised the decision.

“On behalf of the members and their families of UAW Local 257, we want to thank … Gov. Andrew Cuomo and his staff for making this new building possible and securing the jobs in New York state,” he said.

 Another prime factor in the company’s decision to remain local was the incentive package provided by local and state agencies to Brightfields Corporation, a subsidiary of Buffalo-based environmental and demolition company OSC.

Ultimately, the New York State Power Authority (NYPA) awarded $1 million in addition to the 300 kilowatts of expansion power and 1,200 kilowatts of replacement power it already provided the company, for which it has to maintain a workforce of at least 70 individuals.

Empire State Development Corp. agreed to $300,000 in performance-based tax credits and a $250,000 capital grant. The Niagara County Industrial Development Agency granted a 15-year tax abatement plan to save the company $1.9 million.

OSC is also slated to receive $1.6 million in state tax credits through New York’s Brownfield Cleanup Program, which results from its $25 million investment. National Grid issued a $250,000 economic development grant to offset the cost of a new sub-station and power service to the site. Tulip committed $10.35 million to the project.

OSC and Honeywell donated a 6 acre parcel near the site to the city for use as a public park. There also remains a 21-acre tract, which OSC said could serve “commercial” or “light industrial development” and a 1 acre tract on the corner of Highland and Beach zoned for retail use.

“Reclaiming sites that have been an integral part of our industrial past and repurposing them to play an important role in our region’s future is at the heart of what OSC does as a company,” said Jon Williams, CEO of OSC. “We’re standing at what had been a significantly contaminated site and celebrating its future as a prime location for development and job creation in Niagara Falls.”

[From Niagara Gazette, March 2, 2017]
http://www.niagara-gazette.com/news/local_news/opening-of-updated-tulip-facility-celebrated/article_52d15db0-ff18-11e6-b4f8-9f541f6ab449.html

Niagara Falls Development Forum

Niagara Falls Development Forum

From WBFO: From It attracted more than 80 participants from across the region, Southern Ontario and Central New York. The forum highlighted the numerous state and local incentives available for projects on the city’s designated brownfield sites… (READ FULL ARTICLE HERE)

Our Mayor @ welcoming over 80 participants to today’s forum in

 

Niagara Falls development financing falling into place

Niagara Falls development financing falling into place

From WBFO on Twitter:

Across Niagara Falls, there are projects suggesting the tourism boom – and development that feeds off tourists – are here to stay for the long haul.

For the first time, the legendary Wall Street investment bank Goldman Sachs is dipping its treasury into Cataract City development, helping build the Hyatt Place Hotel on Rainbow Boulevard… (READ FULL ARTICLE HERE) 

Images from Small Business Saturday 2016

Images from Small Business Saturday 2016

Some of our Tweets from a great day of spending and shopping LOCALLY!


with strong window display game. House of Fantasy- 1709 Pine

Tattlers Lane- 1519 Pine- great window dressing for jewelry specials all day!

Don’t forget your four legged friends this holiday season visit The Pet Stuff Store 1702 Pine

The sign says it all, Eat Sleep & Read Local The Book Corner 1801 Main St.

Great #shopsmall #shopnf day yesterday! All throughout Niagara Falls, USA!
Great job everyone – from biz owners to shoppers! Thank you for your participation and support.




For breakfast or lunch, Macoretta’s in Niagara Falls offers tasty pastry and more

For breakfast or lunch, Macoretta’s in Niagara Falls offers tasty pastry and more

From The Buffalo News:

Whether you’re hankering for a homemade breakfast or in the mood for a light lunch, there’s a tasty new option in the LaSalle area.

Actually, there are a couple of outstanding options, and the good news is that they’re within blocks of each other: Macoretta’s, 6926 Buffalo Ave., and Confetti Cottage, 7917 Buffalo Ave., are delightful doppelgangers that are also diametrically different. Macoretta’s is a purebred bakery/cafe… (READ THE REST OF THIS ARTICLE HERE)

(Photo and Link Credits to The Buffalo News)