JAMESTOWN –
NACO Enterprises current location on Allen St. in Jamestown. One of two operations run by the Stannard Group.
The Jamestown Post-Journal is reporting a business in Jamestown plans to be relocating into a brand new location in the town of Ellicott within a year.
The article says Stannard Group LLC has been operating out of its Jamestown location on West Fourth Street. But under the plans submitted to the Chautauqua County Industrial Development Agency, the business is now hoping to build a new 26,400-square-foot warehouse on 5.5 acres of land in the Mason Park industrial corridor in the town of Elliott.
The $2.6 million project would serve as a warehouse for Weaver Materiel Service, a home base for Naco Truck Leasing and office space for both. Both Weaver Material Service and Naco Truck are owned by Stannard.
The company is seeking a $1.92 million traditional mortgage for the project in addition to a $500,000 loan from the IDA. It is also seeking tax exemption and a PILOT agreement from the IDA.
It its application to the IDA, the Stannard Group said state taxes, city property taxes and the “financial instability” of Jamestown “encouraged its officials to assess their current location and look for alternatives.
In addition to the IDA having to sign off on the incentive plan, the town of Ellicott must also okay the project. According to the Post-Journal, a public hearing will be held Thursday, May 23 at 9 a.m. at the Ellicott Town Hall.
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