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Orange County New York IDA received final reimbursement payment from Town of Warwick LDC

Posted 1/7/22

ORANGE COUNTY – On December 20th, the Warwick Valley Local Development Corp. (Warwick LDC) made its final reimbursement payment to the Orange County Industrial Development Agency (OCIDA), in …

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Orange County New York IDA received final reimbursement payment from Town of Warwick LDC

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ORANGE COUNTY – On December 20th, the Warwick Valley Local Development Corp. (Warwick LDC) made its final reimbursement payment to the Orange County Industrial Development Agency (OCIDA), in the amount of $2,000,000, for the IDA’s substantial investments that helped transform the former Mid-Orange Correctional Facility into a true economic engine for the Town of Warwick and for Orange County.
The OCIDA made three investments totaling $3.5 million in the 730-acre property, now known as the Warwick Valley Office and Technology Corporate Park (the Park). Of this amount, the Warwick LDC has reimbursed the OCIDA a total of $3,000,000, resulting in a net investment of $500,000 by the IDA in this very successful project.
In 2014, the OCIDA provided the Warwick LDC with $1,050,000 million to equip ten parcels, across approximately 50 ‘greenfield’ acres at the Park, with water, sewer, natural gas and fiber optic service, thereby readying the parcels for immediate development. This financial support by the OCIDA also funded the construction of an access road and cul de sac, connecting the development parcels with the remainder of the bucolic property, more commonly known to locals as Wickham Woodlands. These funds were repaid to the OCIDA following the sale of all ten parcels to two NYS-licensed medical cannabis manufacturers, Green Thumb Industries (GTI) and CITIVA.
In 2019, the OCIDA furthered its partnership with the Town of Warwick and the Warwick LDC through another $2,500,000 of investments at the Park, including a $500,000 non-reimbursable grant. The focus this time was to capitalize on the burgeoning cannabis/CBD market by creating a CBD Accelerator at the Park to house hemp and marijuana production and processing, and to incubate several small CBD-focused businesses on-site. This funding was used to convert a former dairy barn at the Park into a CBD extraction facility for Warwick-based urbanXtracts, and to turn a former poultry house into a state-of-the-art hemp and marijuana testing laboratory, operated by Phyto-Farma Labs.
This OCIDA investment (aside from the non-reimbursable grant) was repaid last week by the Warwick LDC with a $2,000,000 check from the Warwick LDC. This reimbursement was funded by a NYS ‘Economic Transformation’ grant, which the Park qualified for as a former prison site closed by the state.
Orange County and the Town of Warwick have already seen a tremendous return on the OCIDA’s net investment of $500,000 in the Warwick Valley Office and Technology Corporate Park, mostly in the form of quality jobs, taxes and robust economic activity. Construction of GTI’s $155 million cannabis production facility that will create 125 high-wage jobs is well underway, and CITIVA’s project is under construction as well.
Bus manufacturer Trans Tech has been a mainstay at the Park for several years, and Hudson Sports Complex and Drowned Lands Brewery are already thriving there as well. Phyto-Farm’s lab opened in late 2020 and urbanXtracts began operating at the Park this past June. The OCIDA’s CBD Accelerator, located in the refurbished 1840’s Manor House, is home to three incubating businesses: Scripted Fragrance, Farm Body and Honey Buz. And lastly, the remaining vacant buildings on site have been gutted by architects DeGraw & DeHaan, who plan to develop the space into the firm’s headquarters and an event space with lodging.
The bold vision for repurposing the Mid-Orange Correctional facility was first conceived by Town of Warwick Supervisor Michael Sweeton, who credits the OCIDA for making it a reality. “This successful public-private partnership would not have been possible without the assistance of the Orange County IDA”, said Supervisor Sweeton. “We have taken a surplus State Facility and returned it to a tax paying, job creating economic engine for our Town and for the County. None of this would have happened without the Orange County IDA and we are grateful for their confidence as well as their investment in our vision for the site.”
Orange County Executive Steven M. Neuhaus lauded the project and the work of the Town and the OCIDA. “The Warwick Tech Park is a great success story and I credit the Town of Warwick and the Orange County IDA for their vision and collaboration on this innovative project,” said Orange County Executive Steven M. Neuhaus. “What could have become a blighted campus is now an economic driver for Warwick and Orange County.”
Maureen Halahan, President and CEO of the Orange County Partnership, has served as a board member for the Warwick LDC since its inception and has advocated tirelessly for this project. Said Halahan, “If it wasn’t for the infusion of dollars from the Orange County IDA to assist in bringing the Warwick Tech Park to shovel ready status, the timeline of attracting quality companies would have been much longer. This collaborative effort through public private leadership should be used as a model for commercial development projects in other municipalities throughout the state.”
John Lavelle is an Associate Broker for Rand Commercial, and he also serves as co-chair of the Orange County, NY Alliance for Balance Growth (ABG). Mr. Lavelle marketed the available properties at the Tech Park for several years and played an integral part of its most significant deals. He credited the other key players – including Warwick LDC President Robert Krahulik – for the enormous success of the Park: “Congratulations to Mr. Sweeton, Mr. Krahulik and the entire Warwick LDC board on having the vision to see the Warwick Tech Park for what it could be, and to the Orange County IDA for helping the Town make it a reality.”
Bill Fioravanti, the OCIDA’s Chief Executive Officer who was appointed in November, says the project is a major win for the agency. He said “What our IDA accomplished at the Warwick Tech Park – in partnership with the Town of Warwick – was a strategic, well-calculated investment in local economic development and one we will look to replicate. Thanks to the vision and collaboration of the Orange County IDA and Supervisor Sweeton, what could have easily become a blighted campus is now an economic driver.”
Following is a list of contractors and professionals who performed work at the Tech Park over the past several years, those from Orange County and elsewhere:
Paul Lewis, LLC (Warwick); FF Contracting NY, Inc (Goshen); JPM Environmental Solutions, LLC (Newburgh); HV Realty Services, Inc. (Central Valley); F&A Concrete (Unionville); American Concrete Cutting (Central Valley); Buddy's Glass, Inc. (Middletown); Eden Restoration (Warwick); Integrity Drywall, LLC; (Middletown); Allied Excavating (Warwick); Skyward Electric Corp. (Warwick); NY Certified Electrical Inspectors, LLC (Campbell Hall); Ground Control Excavating (Warwick); Engineering Surveying Properties (Montgomery); Wright Landscaping (Warwick); Van Etten Contracting LLC (Cornwall); Schmick Surveyors (Warwick); DeGraw and DeHaan Architects (Middletown); Allied Excavating (Warwick); Expert Mechanical LLC (Goshen); R.H.E. Electric Inc. (Pine Bush); Four Seasons Insulators (Newburgh); Peak Power Systems (Middletown); Nebrasky Plumbing & Heating (Monroe); Lehman & Getz Engineering, PC (Warwick); Specht's Recycling Corp. (Warwick); N.A.S. Security Services (Warwick); Ward Pavements (Goshen); Tech Lock & Key (Warwick); Wadeson's Home Center (Warwick).
Mid-Hudson & Beyond
Liberty Iron Works (Liberty); Carella Contracting (Bloomingburg); Grove Precision Contractors (Wappingers Falls); Environmental Management Solutions of NY, Inc. (Valhalla); LaClerc Electric Corp. (Laurelton); PX2 Holding LLC DBA Precision Extraction Solutions (Troy); Groves Precision Contractors, Inc. (Wappingers Falls); Dougherty Concrete Inc. (Bloomingburg); Liquid Green (Brewster); HDR Engineering (Suffern); KBL Corp (Wappingers Falls).
For more information about this story, please contact Bill Fioravanti, OCIDA CEO, at (845) 820-1791 or Michael Sweeton, Town of Warwick Supervisor, at (845) 986-1120, extension 240.
Contact us immediately if your business, or one you know, is interested in starting or relocating in one of the fastest-growing counties in the tri-state area. Orange County, New York is already home to hundreds of premier companies – from enterprising start-up’s to titans in the global market. Located in the heart of the picturesque Hudson Valley, Orange County NY combines a rich landscape and unmatched quality of life with a robust transportation nexus and a diverse, educated workforce. We’re ready to help you to take advantage of these assets and thrive here as well! Learn more at www.ocnyida.com and call us at (845) 234-4449.
For more information on the OCIDA, call (845) 234-4192 or email us at business@ocnyida.com.

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