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Local officials are calling on lawmakers in Albany to extend the expiring Brownfield Cleanup tax credit program, which has played a pivotal role in creating Renaissance Commerce Park in Lackawanna.
The tax credits have allowed Erie County to do things like remediate ground water and prepare the property for construction.
County Executive Mark Poloncarz says it would be catastrophic if this program isn’t included in Gov. Kathy Hochul’s budget, which is due April 1.
"This cannot be delayed," he said. "It needs to move forward because it will ensure the future viability of the Renaissance Commerce Park by bringing more businesses to the site. If the Brownfield tax credits are an extension for ten years to 2037, we know we’re going to be able to get more interest in this site, more developers to come here, more industry to build in Lackawanna and continue the great success we’ve had."
More than $130 million in state and private funds have been spent at Renaissance Commerce Park since 2013.
