Greenpac

Invest Buffalo Niagara staff assisted the company with site selection, utilities, workforce and access to and coordination of incentives. Our ability to convince the company of the viability of building on land they currently owned in Niagara Falls was a total team effort.  Empire State Development narrowed the financing bridge for the company by ensuring the eligibility and delivery of $60 million in brownfield tax credits and $9 million in Empire Zone credits that were pledged to the company prior to the program’s expiration. New York State Energy Research and Development Authority provided a $3.7 million incentive for the purchase of high-efficiency equipment.  The Niagara County Industrial Development Agency helped make the project more manageable through a payment in lieu of taxes arrangement, resulting in a sales tax savings of $8 million and $450,000 in mortgage recording tax abatements.  Energy costs were minimized through a 10 megawatt hydropower allocation from the New York Power Authority (NYPA). National Grid also provided a $500,000 capital investment/utility infrastructure grant.  In one of the final pieces to come together, the City of Niagara Falls Water Board was able to address all water and wastewater treatment concerns.

Norampac, with the new location being called, Greenpac employment will indirectly be supported by an additional 130 jobs across the region resulting in an estimated combined wage and benefit impact of over $13.5 million annually.  The total value of the goods and services produced by these 238 jobs is estimated to be approximately $63.8 million annually.