FOR IMMEDIATE RELEASE
June 24, 2020
Contact: Mark Geise
Stannard Group, LLC is consolidating operations at its new location in the Town of Ellicott to strengthen its corporate culture and create space for continued growth
JAMESTOWN, NY – Construction of Stannard Group, LLC’s (Stannard) headquarters in the Mason Industrial Park, located in the Town of Ellicott, is complete. In May of 2019, the County of Chautauqua Industrial Development Agency (CCIDA) approved a 15-year payment in lieu of taxes (PILOT) incentive for the new construction project, which will keep Stannard in Chautauqua County, retain 35 employees, and create 1 new job. The approval of funding for Stannard, who distributes foundry and turf consumable products, supported the building of a new warehouse and office facility in Mason Industrial Park.
The new 26,400 square foot facility is consolidating the subsidiaries of Weaver Materiel Service Inc., Naco Truck Leasing, and Stannard Properties, LLC, on a 5.5-acre parcel. Construction of the new facility created approximately 60 temporary construction jobs with contractor Kessel Construction. The entire project cost approximately $2.9 Million.
“As was communicated back in August of 2019, the CCIDA explored a number of scenarios to assist Stannard with its consolidation efforts, and construction of a new facility was the most viable option,” said Mark Geise, Deputy County Executive for Economic Development and CEO of the CCIDA. “It was imperative to keep Stannard in our community and to assist it in making its operations more efficient, versus trying to find an existing building that was neither the right size nor configuration for their purposes, or relocating outside of the county, region, or state. It is also worth mentioning that this project is the first new building constructed in one of our business parks in the last five years.”
The fourth generation, family-owned company was founded in Buffalo in 1944 as Weaver Materiel Service, and relocated to Jamestown in the mid-1950s. In recent years, growth has provided opportunities for diversification, including the acquisition of Naco Truck Leasing Inc. in 2013 and formation of its real estate holdings group, Stannard Properties, LLC in 2017. The various entities of the company were previously housed at separate sites, which was costly and inefficient. Stannard serves the Northeast and Midwest geographic areas, and locally supplies Cummins Engine, among others.
“The Weaver family and Stannard Group are integral members of our community, providing employment and attracting business to our region for decades,” said PJ Wendel, Chautauqua County Executive. “We are grateful to the CCIDA for working so diligently with Stannard to keep it and its 34 current employees here in Chautauqua County. This project has resulted in all of its operations being consolidated under one roof, which will ultimately create a stronger corporate culture and the space required for future growth and expansion.”
“We are excited to finally be done with this significant effort,” said Dean Weaver, President of Stannard. “We believe that this new location and facility will afford us the opportunity to grow our business and to create more jobs in the long run. We would like to thank the CCIDA, Southern Tier West (STW), Town officials, Kessel Construction, more than a dozen local vendors, and everyone else who had a hand in bringing the project to fruition.”
In addition to a PILOT agreement, the CCIDA also approved $984,000 AL Tech Loan and $75,000 CRLF Loan to support the new construction project. Southern Tier Enterprise Development Organization (STEDO) approved a $100,000 loan, while Western Region Corporation (WRC) approved a $70,000 loan, both of which are administered through STW located in Salamanca, NY. Along with the personal financial investment from the Weavers, M&T Bank provided the remainder of the financing for the project.
“This is a tremendous project for our County and our community,” said Town Supervisor Pat McLaughlin. “Our pro-development approach in the Town of Ellicott is bearing fruit as we continue to work collaboratively with the County, the CCIDA, and other stakeholders to attract and retain businesses.”
The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, visit, and conduct business. The organization facilitates development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the form of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention for our businesses. For more information visit www.ccida.com.