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COMIDA approves breaks for expansion by Precision, others

Rochester Business Journal
May 20, 2014

Precision Grinding & Manufacturing Corp. was approved for tax breaks Tuesday on a $1.5 million expansion of its facility in Rochester, with 12 new jobs planned within three years.

Precision was one of three local manufacturers approved for tax exemptions by the County of Monroe Industrial Development Agency at its monthly meeting.

Founded in 1967, Precision employs 117 at 1305 Emerson Street. Plans call for a 20,000-square-foot addition to its 48,000-square-foot building, which was expanded by 16,000 square feet in 1984.

A real estate entity of Precision yet to be formed was approved for property and sales tax incentives of $135,064 on the 3.4-acre parcel. The projected community benefit is $869,724.

Ogden metal fabrication company Boss Precision Ltd. was approved for incentives of $34,277 for a 10,000-square-foot expansion of a 40,000-square-foot facility on South Union Street. The community benefit is projected to be $346,658.

The $371,123 project will add crane and loading dock capabilities to the company, which specializes in material handling and mass transit equipment making.

Founded in 1988 and at its current location since 1995, Boss employs 59 and plans to add six workers over three years.

625 Phillips Road LLC of East Side Machine Inc., a maker of precision machine components in Webster, was approved for exemptions of $55,365 for its $861,900 addition of 10,000 square feet at its 14,000-square-foot facility on Phillips Road. The community benefit is pegged at $243,567.

The company expects to add four jobs in three years to its workforce of 42.

Barrett Place LLC, an entity of the University of Rochester Center for Primary Care, was approved for breaks of $229,639 to construct a 14,000-square-foot medical facility on 1.6 acres in Webster.

The community benefit for the nearly $3.9 million project is $740,516.

The primary care center will occupy 10,000 square feet for primary care and laboratory services, with seven jobs to be added to the current 13.

Tipping Point Communications LLC was approved for exemptions of $12,000 as it relocates its offices to 1349 University Avenue in Rochester from 277 Alexander Street and adds two employees to its workforce of 18. The community benefit is $117,921.

The public relations firm is increasing its office space to 5,100 square feet from 3,800 square feet on Alexander Street.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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