Byrne Dairy Buying Cortland County Business Park, Building $18 Million Yogurt Plant
The Cortland County Industrial Development Agency has approved the sale of the 127-Acre Finger Lakes East Business and Technology Park to Syracuse based Dairy Company Byrne Dairy for $1.1 million dollars.
The first phase of the multi phase project calls for the construction of a 35 thousand square foot yogurt manufacturing plant with a farm to table visitors and education center complete with live dairy cattle and working farm.
Byrne Dairy has agreed to pay the county $100 thousand dollars to acquire the purchase rights for the business park, with a final purchase price of $1.1 million dollars, the shovel ready business park located on Route 13 South in Cortlandville includes water, sewer, and an access road. The park cost $4.5 million to build and was completed in 2010.
Byrne Dairy’s initial capital investment will amount to $18 to $22 million dollars and will create 75 jobs. Three years later the company hopes to begin phase two which involves an expansion of the yogurt plant and the construction of refrigerated warehouse space. The third and future phases would involve the development of a cheese manufacturing facility and other related products. At full build out the Byrne Dairy project could result in the creation of 300 jobs.
The yogurt plant will use as much as 10 million gallons of milk annually, the company plans to purchase that milk within a 30-mile radius of the facility, which will benefit local farmers. The state farm bureau estimates that for every one dairy-manufacturing job created, five other jobs are created in related fields.
The project and the final purchase of the property is contingent on the receipt of Local and state funding and incentives. Byrne dairy has requested a payment in lieu of tax agreement as well as a waiver of mortgage and sales taxes on construction materials. The company also has plans to seek grants from the Empire State Development Corporation and community block grant funding.
The project will not only generate jobs and taxes for the community, waste product from the operation will be used to power the City of Cortland Waste Water Treatment plant and increased water and sewer bills will benefit the Town of Cortlandville
The company hopes to have its plans in front of Town planners in January and begin construction in the spring of 2013 the yogurt plant would begin production in June of 2014.