Tonawanda News — TOWN OF TONAWANDA — Supervisor Anthony Caruana highlighted the town’s economic development in his annual State of the Town address Friday afternoon, recognizing the progress on the North Youngmann Commerce Center as the “biggest win in the past year.”
The new business park is a 92-acre property that sits north of the Youngmann, near East Park Drive and Two Mile Creek. Contractors are finishing an infrastructure project at the property, where they are building a road and bridge.
The park’s first tenant, candy maker Wythe Will Tzetzo, plans on building an $18 million building on the site, and will move its headquarters from Virginia to Tonawanda as part of the deal.
“No sooner had we announced the infrastructure project, we were contacted by Zaepfel Development and introduced to the Wythe Will Tzetzo project,” Caruana, who delivered the speech during a Ken-Ton Chamber of Commerce Luncheon at Cardinal O’Hara High School, said. “We landed an $18 million anchor tenant right out of the box.”
The town will receive $35,000 for each of the first 20 acres, and $5,000 for the last five acres, which are classified as wetlands. The company will retain 165 jobs and employ an additional 25 to 35 people over the course of the next two to three years as a result of the expansion.
Caruana, who has served as supervisor since 2008, also noted the potential of development at its other business parks, Colvin Woods and the Riverview Solar Technology Park, where FedEx is currently constructing an office.
“Tonawanda has long been regarded as a great place to do business, but for many years, we lacked a supply of sites for construction of new, modern buildings,” he said. “With more than 200 acres now available in three new business parks, the town is in a strong position to land more projects in the future.”