Okie Properties, LLC. (Alltek Energy Systems, Inc. / Firetek Sprinkler Systems, LLC) constructed a 12,000 square foot building in Queensbury for office and warehouse space to fabricate sprinkler systems, along with three additional office spaces available for lease.
The total project cost was estimated at $922,000, and the WWIDA provided sales tax exemption of up to $40,600, mortgage tax exemption of $11,250, and a partial real property tax abatement through a PILOT Agreement at an estimated value of $132,020 during the 10-year term to help facilitate this project.
As this was built on vacant land, employee count started at zero and reported 19 jobs in 2022.