High-tech firm looks to build second facility in Batavia
City officials hope that a high-tech firm that manufactures products used in light-emitting diodes will build a second facility in the city of energy and bring Batavia an additional $500,000 in revenues.
Aldermen on Monday voted to direct staff to hammer out an agreement with Rubicon Technology, which last year moved into a 134,000-square-foot industrial building at 950 Douglas Road.
Fifth Ward Alderman Eldon Frydendall, chairman of the City Council’s Public Utilities Committee, said if Rubicon builds another facility in Batavia, the city would gain an additional $500,000 in revenues, including electric fees and water and sewer revenues.
In turn, the city would extend Rubicon’s current incentive package to the second facility.
“It’s a good thing for us, and a good thing for them,” Frydendall said.
Rubicon manufactures sapphire substrates which are used in LEDs. LEDs grown on Rubicon sapphire products are used in LCD TVs, traffic signals, desktop monitors and other products.
|
|
