Sucro Sourcing
Industry: Agribusiness
Jobs: 55 new
Investment: $19 Million
Incentives:
Empire State Development Excelsior Tax Credit
ECIDA tax abatement
NYPA hydropower
National Grid grant
Project Overview:
Sucro Sourcing is a multinational company refining sugar for mills, processors, distributors and industrial customers. Before considering a permanent expansion in Buffalo Niagara, the company first set up a pilot project in the Gateway Trade Zone. At the completion of that pilot project, the company was satisfied and willing to further consider a permanent presence in Western New York. The company was also considering Miami, Florida for the project.
Project Solution:
Invest Buffalo Niagara was brought in to the process to assist in incentives coordination and introductions to decision makers at local utility companies. Throughout much of 2020, despite the COVID-19 pandemic, Invest Buffalo Niagara facilitated multiple virtual meetings with Empire State Development, New York Power Authority, National Grid, and the City of Lackawanna, the targeted municipality for a potential site.
Thanks to a successful previous pilot project and competitive set of incentive offerings, Sucro Sourcing officially committed to a permanent location in Western New York. The company purchased 12 acres at 2303 Hamburg Turnpike in Lackawanna, the former Bethlehem Steel property. The parcel includes three large buildings, totaling 174,000 sq. ft., which Sucro Sourcing will renovate. The company also has plans for 33,600 sq. ft. of new construction.