From Business Today:
If you're in the market for a Mini Cooper, you may soon have a new location to choose from. Towne Automotive Group sent plans for a standalone Mini dealership to the Clarence Industrial Development Agency seeking possible financial assistance. The dealership currently sells BMWs and Minis out of one dealership on Main Street near Transit Road, but is planning a new 10,000-square-foot center on Main Street near Westwood Road. The projected price tag for the project is $2.5 million.
The Kodak Theatre may soon have a new name. The Hollywood venue, which hosts the Academy Awards, has been sponsored by Kodak since 2001 in a 20-year deal worth $72 million. But the Eastman Kodak Co. won bankruptcy court approval Wednesday to remove its name and back out of that deal. It will save the bankrupt company about $3.6 million per year.
Dresser-Rand Group in Olean, which develops supersonic compression technology, has been awarded $500,000 toward the planned construction of a $9.6 million research and development facility by Empire State Development. The economic development agency also awarded $200,000 to Buffalo's Galvstar LLC, a maker of galvanized steel that is set to anchor the former American Axle plant. Empire State Development gave $3.36 million in grants to projects throughout the state.
Who is getting hired, promoted and honored?
It's Friday, people!
taggedEconomic Development | Film | Media