Optimation Technology Inc., which has moved its Kingsbury Corp. operations here, was approved Tuesday for tax breaks by the County of Monroe Industrial Development Agency.
COMIDA, at its monthly meeting, approved sales tax breaks of up to $128,000 for Kingsbury, which moved $2 million worth of equipment from its location in New Hampshire. The community benefit is projected to be nearly $16.7 million.
Kingsbury was purchased by Optimation after filing for Chapter 7 bankruptcy protection and was prepared to liquidate. It has added 35 jobs since being acquired, with another 80 jobs to be added within three years.
Also on Tuesday, COMIDA approved tax breaks of $83,943 for Buckingham Properties LLC and entity Alexander Properties of Rochester LLC. The projected community benefit is $1.25 million.
Buckingham was approved for sales tax exemptions on purchases of equipment, furniture and fixtures at its new home. Alexander Properties was approved for property tax abatements.
The developer is moving to 259 Alexander St. from 1 S. Washington St. The $680,000 project will result in four new jobs over three years.
eHealth Global Technologies Inc. was approved for tax breaks of $28,800 related to a $360,000 expansion of its data center. The projected community benefit is $1.15 million.
Located at 140 Allens Creek Road in Brighton, eHealth is a medical record retrieval and electronic delivery service provider. It shares 12 million patient exams and 100 million images annually, and expects to triple its business with the expansion.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.
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