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Seneca Co. IDA to negotiate aid for Waterloo Container expansion

The Seneca County Industrial Development Agency has voted to negotiate a financial assistance package with Waterloo Container for its 37,000-square-foot addition on Mound Road, Seneca Falls.

Meeting Thursday, the IDA voted 5-1 to accept the company’s application, name itself as lead agency for the State Environmental Quality Review process and to negotiate a property tax abatement package, a sales tax exemption and a mortgage recording fee exemption.

Opposing the motion was board member Jeff Shipley. Absent were board members Don Trout, Tom Macinski and Steve Wadhams. Voting for the motion were Steve Brusso, Tom Kime, Valerie Bassett, Menzo Case and Erica Paolicelli.

Waterloo Container distributes glass bottles for the wine, spirits and craft beer industry, the largest distributor of those products in the eastern United States. The company was founded 36 years ago by Norman and Bill Lutz.

Thursday’s vote came after a presentation by company CEO Rich Swinehart.

“We wanted to use steel from the United States and found a manufacturer who would take our order during a short period of time, require us to pay up front immediately and we had to take all the steel at one delivery,” Swinehart said. “We agreed and the addition shell is constructed. There was an increase in the price of steel, however.”

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