Elma, NY (WBEN) Governor Cuomo announces AMS Servicing, LLC, a residential mortgage servicer based in Depew, plans to expand its business at the former Motorola site Elma, creating 249 new jobs there over the next five years.
"The number one priority for New York State continues to be jobs. That is why my Administration is working to make New York more competitive and attract business and investment," said Governor Cuomo. "AMS Servicing's expansion is another milestone in Western New York's comeback and further proof that our economic development strategy is working."
The renovation of the approximately 35,000-square-foot Jamison Business Park facility in Elma will enhance AMS Servicing’s infrastructure. The space, which was originally occupied by Motorola and later utilized by a major supplier of auto parts, has been unoccupied for more than five years. AMS will invest in technology advancements and new furniture and equipment to create a better workplace environment for its current and future employees. The company anticipates occupying the new facility in the summer of 2014. In addition to financial support from Empire State Development, the Erie County Industrial Development Agency (ECIDA) also granted the company $219,000 in sales tax breaks to support this project. Photos of the facility are available here.
“We are very pleased with the incentives offered to us by Empire State Development and look forward to renovating and customizing the new space to strategically grow our business,” said Ivan Kaufman, Chairman of the Board for Seneca Mortgage Investment Trust, the general partner of Seneca Mortgage Investments. “We want to thank the Governor and the state and local agencies that have supported our efforts to expand in Western New York.”