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County's IDA approves Lockport Opportunity Zone project

by TSchmitt
Thu, May 12th 2011 09:18 am

The Niagara County Industrial Development Agency board of directors gave its approval for the first Opportunity Zone project at 57 Canal Street in Lockport on Wednesday.

That means the property will granted tax-free status for the next five years.

Once renovations to the site are completed, Trek, a manufacturer of high-voltage amplifiers and other products, will move into the building.

Trek is expected to bring 22 new jobs to the region with an annual economic impact of $4.5 million.

 

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