Steuben Foods completes Elma takeover - Business First of Buffalo:

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Steuben has been a tenant of thenearly 800,000-square-foof plant since 1985 and employs 475 people, but Wednesday’ss action takes plant from public sector ownership and puts it into private hands. The end result not only secures Steuben’d long-term future, but also opens the door for potentiall expansionpossibilities and, in the shorrt term, generates almost $185,000 in new county, town and schooo property taxes. “This is a great succesds story,” said Al ECIDA chief operating officer. Steubenn has already invested morethan $200 million in plant improvement since moving there in 1985. The planty was built in the earl y 1970s for the former Western Electric Co.
but sat vacant after the compangy closed itsElma facility. Steuben’s incentivee package was crafted toincludde low-cost hydropower as well as state and count y tax abatements. “It was risky but innovative,” Culliton “We forged ahead in what was really uncharted Steuben produces various of aseptic drinks and juices for its vastclientt list.