LANSING, N.Y. — A Lansing technology firm will be seeking sales tax abatements this month as part of a planned expansion project.
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Advanced Design Consulting USA (ADC), located in a 15,000 SF facility at 126 Ridge Road in the town of Lansing, has submitted an application to the Tompkins County Industrial Development Authority (TCIDA) for review at their November 12th meeting.
The company is applying for a one-time sales tax abatement on the cost of construction materials, and is valued at $54,880.
ADC specializes in the design and manufacture of high-precision scientific instruments, especially those used in physics research. The firm states in their IDA application that their small size has limited their ability to gain large contracts, and it is necessary for them to expand in order to expand their business.
The 5,000 SF expansion is valued at $910,000, and would retain 14 jobs and create 7 additional jobs in their Lansing facility, with a median salary of $40,000. If approved, the expansion project would be completed by June 2016. With the expansion, ADC’s revenues are predicted to increase from the current $2 million, to $2.7 million in three years. The company did not commit to local construction labor in their application.
In an interview in 2014, ADC President Alexander Deyhim explained that the company declined a business incentive to move to Oak Ridge, Tennessee because of Tompkins County’s high quality of life, and proximity to Cornell’s nano-fabrication facilities.
For ADC, which was founded in Tompkins County in 1995, it will be the third expansion in twelve years. The company had previously applied for and received tax abatement approvals for a larger, 20,000 SF expansion project, but according to the current application, the firm reassessed its needs and decided to go with a smaller plan for the time being. The original abatement was never utilized. Supplemental documents indicate the town of Lansing has approved the physical plans for the expansion.
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