ELLICOTT – A California based designer and manufacturer of architectural systems is expanding from the west coast to Chautauqua County.
The County of Chautauqua Industrial Development announced Tuesday that Arktura plans to invest $7.3 million to expand its existing Los Angeles, California-based operations.
This new plant is projected to facilitate expedited lead times to the U.S. market for its products, provide local services to east coast markets, and increase its overall production capacity.
Arktura plans to hire 50 full-time employees during the first three years of operations.
The company is in the process of purchasing a 134,858 sf facility located at 1 Precision Way in the Town of Ellicott, which was previously home to Acu-Rite/Heidenhain.
At its February 25, 2020 board meeting, the Board of Directors for the County of Chautauqua Industrial Development unanimously voted in favor of the CCIDA authorizing the execution and delivery of a preliminary agreement with respect to Arktura’s application for financial incentives, which includes: real property tax abatements (PILOT); sales and use tax exemptions; and a mortgage recording tax exemption.
Arktura has also applied for benefits/incentives through New York State Empire State Development (ESD) and Office of Community Renewal (OCR).