Governor Andrew M. Cuomo today announced that PW Minor, a manufacturer and international distributor of leather footwear and orthopedic products in Batavia, will remain open and retain more than 50 manufacturing jobs, as well as create 17 additional jobs. PW Minor was scheduled to close on July 31, but will instead remain open under new local ownership and management.
The new ownership of PW Minor will keep an historic and valued company in Batavia, just where it belongs, Governor Cuomo said. Our top priority is not only to attract new businesses to New York, but also to ensure that the ones already here will be able to grow. I thank PW Minor for making Western New York their home, and welcome their continued growth and success.
The new owner of PW Minor is Batavia Shoes LLC, headed by Andrew Young and Peter H. Zeliff. PW Minor, which was founded by two brothers in 1867 shortly after they returned from fighting in the Civil War, is one of a few remaining shoe manufacturers in the United States and the oldest company in Genesee County.
Andrew Young said, Our goal is to not only keep the company open but to grow the business and create new jobs. We would not have been able to make this transaction without the assistance from Empire State Development. Its just another example of the public and private sectors coming together to not only keep a home grown company where it belongs, but also to create new jobs and economic development for the city and region.
Peter H. Zeliff said, Andrew and I are very committed to our community and this was an opportunity where we could team up and use our entrepreneurial skills to continue the operations of a manufacturing facility with extremely deep and historical roots in Batavia and Genesee County. We are confident that our business plan will create a new history for this iconic world-wide brand.
Batavia Shoes LLC will be purchasing the assets of the company for $2.85 million. Empire State Development will provide up to $449,505 in performance-based Excelsior Job Program tax credits in return for the new owners job creation commitments.
Kenneth Adams, President, CEO & Commissioner of Empire State Development, said, New York State and two local investors stepped in to save PW Minor and its the best possible outcome for the more than 50 employees who were set to lose their jobs. Made in America products, like the hand-crafted quality shoes made by PW Minor employees for nearly 150 years, will continue to be a source of pride for Genesee County for years to come.
Peter H. Zeliff is the Senior Executive Vice President and Chief Operating Officer of EIF Renewable Energy Holdings, LLC which wholly owns Innovative Energy Systems of Oakfield, New York, an independent developer and energy provider specializing in the recovery and utilization of landfill gas. He is a graduate of the Rochester Institute of Technology.
Andrew Young is founder and presently serves as President of The Young Group of Real Estate Companies. Young co-founded PakHound Parcel Logistics, a start-up company that was once named one of Western New Yorks Fastest Growing Companies. He received the prestigious Forty Under 40 award from both the Rochester Business Journal and Business First of Buffalo. Young also is a graduate of the Rochester Institute of Technology.
Senator Michael H. Ranzenhofer said, PW Minor's decision to continue doing business in the City of Batavia, as well as its commitment to retain 50 local jobs and create 17 more, is proof positive that Genesee County is a good place to operate a business. The opportunities for Genesee county residents continue to grow.
Assemblyman Stephen Hawley said, Locally owned businesses are the lifeblood of the Batavia and Genesee County economy. This announcement is great news for the employees of PW Minor and their families. Genesee County is a great place to start and own a business, and I am thankful to Pete Zeliff and Andrew Young for re-energizing PW Minor as an historic mainstay of our Western New York economy!
Genesee County Chairman Raymond F. Cianfrini said, Today is a great day for PW Minor and its employees and a great day for Genesee County. Our thanks go out to Peter Zeliff and Andrew Young for saving this historic business on the brink of closure. We in Genesee County are fortunate to have these two individuals who are committed to economic development and who are willing to use their own money to help keep our county vibrant.
City of Batavia Council President Brooks Hawley said, PW Minor has been an iconic company in Batavia for well over 100 years and it would have been a tremendous loss to see the business close its doors and lose good jobs in our community. Thanks to the Empire State Development for the States incentives and to the commitment of new, local owners, Andrew Young and Peter Zeliff, PW Minor is opening its doors again and growing.