IMS — a provider of print, mail, and digital delivery services — plans to spend more than $1 million enlarging its space on Commerce Boulevard, and requested tax abatements on sales taxes and mortgage taxes as well as a 10-year payment in lieu of taxes (PILOT) agreement.
On Tuesday, the OCIDA board OK’d an agreement that could save IMS $56,000 on sales taxes for materials used in the expansion, $9,750 on mortgage taxes, and $43,395 with the PILOT.
With the expansion, IMS expects to add 22 employees in the next five years, according to its application to OCIDA.
In its application, IMS said the total cost of the project would be $1.33 million for site work, building, furniture, and legal and architect fees. Including wages, benefits, and other expenditures, IMS said the project will create nearly $12.4 million in new investment over 10 years.
Contact McChesney at cmcchesney@cnybj.com
SYRACUSE, N.Y. — A late Wednesday morning ceremony at Wilson Park in Syracuse included the…
ROME, N.Y. — The city of Rome continues to clean up from a devastating, confirmed…
SYRACUSE, N.Y. — SUNY officials on Monday announced the launch of Upstate Biotech Ventures, a…
OSWEGO, N.Y. — Oswego Health says it had the system’s first robotically assisted surgery using…
JOHNSON CITY, N.Y. — Tioga State Bank (TSB) will open a new branch in Johnson…
UTICA, N.Y. — A report by the Oneida County Childcare Taskforce made a number of…