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Dunkirk Metal Products moves to larger facility

August 2, 2013

JAMESTOWN — A series of recent actions taken by the Chautauqua County Industrial Development Agency Board of Directors is paving the way for Dunkirk Metal Products of WNY, LLC to consolidate......

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(8)

Captain

Aug-02-13 6:35 PM

It appears the county IDA & DMP have entered into an unusual "arrangement", causing elected officials to praise each other for creating 4 future jobs.

If the Chadwick Bay bldg was owned by the county and sold to DMP, why isn't the sale price publicly disclosed? Further, since the county has agreed to "acquire" DMP's bldg on Deer St as a condition of sale, what secured collateral did DMP use to purchase the Sheridan facility?

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joew

Aug-02-13 4:20 PM

As usual Dcroakernig has difficulty reading yet alone understanding what was put forth in the deal. Not at all surprising.

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Dcronlg

Aug-02-13 3:11 PM

Toadeeeewww -- you make it sound like they got a free ride: they didn't. The credits are for expansion costs, and not operations (ie, earnings...), where they will still get taxed, esp at the NYS level.

But of course, you don't understand any of this, as you have no idea what you're talking about.

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Captain

Aug-02-13 2:32 PM

Let me get this straight, local officials offered an existing company (not a new business):

A 12-yr Payment in Lieu of Taxes (PILOT) agreement; temporary sales tax abatement related to improvements and mortgage recording tax abatement, AND the board also approved the acquisition of (buying) the company's 795 Deer St. bldg.

All this to gain 4 jobs? The irresistible incentives obviously were just too good to refuse. This offer may have been a sweetheart deal for DMP, but it looks like taxpayers took it on the chin, again!

...and they're all patting each other on the back? At least they got Dcron's approval.

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joew

Aug-02-13 2:28 PM

And yet another uneducated remark by Dcroakernig without understanding why they consolidated and relocated.

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FredoniaFred

Aug-02-13 1:49 PM

For once the IDA is doing what they should be doing, helping existing businesses to survive and grow. Let's stop wasting all of our money on pie in the sky dreams of major companies wishing to locate here. Isn't gonna happen.

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225522

Aug-02-13 10:16 AM

Once again the INKDOBATER is left out of the news report !

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Dcronlg

Aug-02-13 8:31 AM

My, oh my -- someone investing to expand their operations, right here in our county, given all those high taxes which cause businesses to flee NYS???

What were they thinking??? They were thinking not to listen for one second to the clueless church lady gaggle OBSERVER board...

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