Annual Review
J U N E 2 0 2 5
June 2025
News Release from Brendan Tydings, Administrator and David Martin, Chairman
The Genesee Valley Regional Market Authority has completed their 74th year of operations, recording gross revenues of approximately $4,300,000.
Cash operating and administrative expenses represent approximately 25% of revenues. The Market Authority does not have any debt. This past year, over $1.5 million was paid in property taxes on Market buildings and improvements. We currently lease to 190 companies.
The Market Authority completed 20,000 sq ft of new development at 1861 Scottsville Rd, Rochester, NY 14623. Several people are interested in additional square footage. We are continuing our ambitious capital improvement program. We painted a number of buildings, repaired catch basins, blacktopped multiple areas of the parking lot, and improved our security through new cameras.
We continue to remain at 100% capacity and have numerous requests for additional space from not only existing tenants but new potential tenants as well. We are seeing market values for space here at the market remain stable.
New tenants on the market include: Broccolo Automotive, Mountain Roads Brewing, Superior Auto Detailing, and Salit Metals.
We provided $1,050,000 of support for different agribusinesses and institutions including the New York Wine & Culinary Center (New York Kitchen), Special Touch Bakery, Greater Rochester Enterprise, New York Cider Association, Bishop Kearney High School, Vineyard Farms, Heritage Christian Services, Friends of the Rochester Public Market, Westside Farmers Market, CCE-Monroe County, Green Visions, New York Wine & Grape Foundation and Cornell AgriTech.
The Market Authority continues to work with the Town of Henrietta and Chili on building permits, building inspections, code enforcement and property development. Insurance costs remain minimal as a result of minimizing claims for over 74 years. The authority operates with four full-time employees.
We worked closely with our auditors from Mengel Metzger Barr & Co. LLP to assist in analysis of financial implications so we can make informed decisions.
Looking ahead, we are excited to begin construction on another 20,000 sq ft facility at the Scottsville Rd property. We are eager to utilize the data gathered from the “Energy Use and Demand Analysis” to pursue opportunities for energy independence and savings. We remain committed to supporting agriculture and are exploring options to study the impact of agriculture in the Genesee Valley region.
The Market continues to move forward in keeping with its mission as one of the country’s most modern storage and food distribution centers. We would like to thank the members of our staff, our tenants, the Board of Directors and the NYS Department of Agriculture for the goodwill and assistance they have continually exhibited.
News Release from Brendan Tydings, Administrator and David Martin, Chairman
The Genesee Valley Regional Market Authority has completed their 74th year of operations, recording gross revenues of approximately $4,300,000.
Cash operating and administrative expenses represent approximately 25% of revenues. The Market Authority does not have any debt. This past year, over $1.5 million was paid in property taxes on Market buildings and improvements. We currently lease to 190 companies.
The Market Authority completed 20,000 sq ft of new development at 1861 Scottsville Rd, Rochester, NY 14623. Several people are interested in additional square footage. We are continuing our ambitious capital improvement program. We painted a number of buildings, repaired catch basins, blacktopped multiple areas of the parking lot, and improved our security through new cameras.
We continue to remain at 100% capacity and have numerous requests for additional space from not only existing tenants but new potential tenants as well. We are seeing market values for space here at the market remain stable.
New tenants on the market include: Broccolo Automotive, Mountain Roads Brewing, Superior Auto Detailing, and Salit Metals.
We provided $1,050,000 of support for different agribusinesses and institutions including the New York Wine & Culinary Center (New York Kitchen), Special Touch Bakery, Greater Rochester Enterprise, New York Cider Association, Bishop Kearney High School, Vineyard Farms, Heritage Christian Services, Friends of the Rochester Public Market, Westside Farmers Market, CCE-Monroe County, Green Visions, New York Wine & Grape Foundation and Cornell AgriTech.
The Market Authority continues to work with the Town of Henrietta and Chili on building permits, building inspections, code enforcement and property development. Insurance costs remain minimal as a result of minimizing claims for over 74 years. The authority operates with four full-time employees.
We worked closely with our auditors from Mengel Metzger Barr & Co. LLP to assist in analysis of financial implications so we can make informed decisions.
Looking ahead, we are excited to begin construction on another 20,000 sq ft facility at the Scottsville Rd property. We are eager to utilize the data gathered from the “Energy Use and Demand Analysis” to pursue opportunities for energy independence and savings. We remain committed to supporting agriculture and are exploring options to study the impact of agriculture in the Genesee Valley region.
The Market continues to move forward in keeping with its mission as one of the country’s most modern storage and food distribution centers. We would like to thank the members of our staff, our tenants, the Board of Directors and the NYS Department of Agriculture for the goodwill and assistance they have continually exhibited.
