State approves $744K in incentives for CRFS

By Tom Rivers, Editor Posted 14 January 2014 at 12:00 am

ALBION – A company that has added nearly 200 positions since September will receive almost $750,000 in state incentives as part of its expansion in Albion.

Claims Recovery Financial Services agreed to add 150 positions to be eligible for the incentives. The company has already exceeded its commitment to new jobs by hiring 194 people since September.

Just last week CRFS moved more than 200 employees from its site in Medina to the former Chase site in Albion. Roger Hungerford and his company Talis Equity acquired the building from Chase.

State officials on Monday announced the state Office of Community Renewal approved $744,165 to help CRFS with its expansion in Albion. The money is divided with half in a grant and the other half a deferred loan.

The funding is a Community Development Block grant that will be given to the Village of Albion, which serves as a pass through with the money then going to CRFS.

“It is important to mark the final approval of this anticipated funding,” State Sen. George Maziarz said. “This award is a sure sign that the CRFS expansion project is moving forward.The Village of Albion, CRFS, and Talis Equity are all to be commended for their commitment to growing a local business to remarkable heights of success.”

CRFS has nearly 700 employees in Orleans County and is still hiring.

“It’s exciting to see a home grown business be successful and make a commitment to Orleans County,” said State Assemblyman Steve Hawley. “This important expansion will bring further employment opportunities close to home for Orleans County families.”