Skycatcher Holdings, LLC
Address
15 Cobham Drive
Orchard Park
New York
14127
Additional
Project AKA : /Sti-Co Industries
Approval Date : 09-22-2021
Total Cost : $2,879,000.00
Approval Date : 09-22-2021
Total Cost : $2,879,000.00
Project Details
Skycatcher Holdings, LLC was formed to purchase the property at 15 Cobham Drive in the Town of Orchard Park which facility will be leased to Sti-Co Industries, Inc. Sti-Co Industries was founded over 50 years ago by Robert Kaiser. Sti-Co’s 2 shareholders include Kyle Swiat and Antoinette Kaiser. The company designs and manufacturers mission-critical communication systems that are sold to law enforcement, rail and federal government agencies. 91% of the company’s sales are to companies/agencies located outside of New York State.
Sti-Co currently leases a 14,000 sq. ft. facility adjacent to the proposed project site. The plan is to renovate 15 Cobham and then transfer operations from the existing leased facility to this new renovated, more efficiently laid-out 25,250 sq. ft. building. The lease on the current site expires in August, 2023. The new facility will provide office, manufacturing and research and development functional areas. It will be used for manufacturing all antenna systems and related components including raw material parts. Inventory that is now stored offsite will be housed in the new facility eliminating the need for offsite warehouse space and the associated inefficiency and expense.
Project Files
Application:
Project Log:
Agent Agreement:
Inducement Resolution:
Economic Impact Analysis:
Status Details
- No Public hearing is required due to benefit amount is less than $100,000.
- 09/22/2021 - Inducement Resolution presented to Board of Directors adopting a Negative Declaration in accordance with SEQRA
- 09/22/2021 - Lease/Leaseback Inducement Resolution presented to the Board of Directors