FOR IMMEDIATE RELEASE
Contact: Mark Geise, (716) 661-8902
JAMESTOWN, NY – Construction of Stannard Group, LLC’s (Stannard) headquarters in the Mason Industrial Park, located in the Town of Ellicott, is currently underway. In May of 2019, the Chautauqua County Industrial Development Agency (CCIDA) approved a 15-year payment in lieu of taxes (PILOT) incentive for the new construction project, which will retain Stannard in Chautauqua County and will retain 35 employees and create 1 new job. The approval of funding for Stannard, who distributes foundry and turf consumable products, is supporting the building of a new warehouse and office facility in Mason Industrial Park.
The new 26,000 square foot facility will consolidate locations for subsidiaries Weaver Materiel Service Inc., Naco Truck Leasing, and Stannard Properties, LLC on a 5.5-acre parcel. The development of the 26,400 square foot facility is expected to require 60 construction jobs with contractor Kessel Construction. The entire project is expected to cost $2.885 million.
“We explored a number of scenarios to assist Stannard, 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 assist them in making their operations more efficient, versus trying to find an existing building that isn’t set up correctly or isn’t the right size, or relocating outside of the county, region, or state. What is also significant about this project is that it’s the first new building construction in one of our business parks in the last 5 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 are currently housed at separate sites. Stannard serves the Northeast and Midwest geographic areas, and locally supplies Cummins Engine among others.
“The Weaver family and Stannard Group are valuable members of our community, providing employment and attracting business to our region for decades,” said George Borrello, Chautauqua County Executive. “We are grateful to the CCIDA, especially Rich Dixon, for working so diligently with Stannard to keep them and their 34 current employees here in Chautauqua County. This project will result in all of their operations being under one roof, which will ultimately create a stronger corporate culture and space for future growth and expansion.”
Land clearing began in July of 2019, with the facility expected to be completed in early 2020.
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.