Later, New Jersey. FreshDirect is sticking with New York.
Mayor Michael Bloomberg and Gov. Andrew Cuomo announced Tuesday morning that they reached a deal with the online grocer, which will build its new headquarters in the Bronx. The company plans to move into the new space in 2015.
The deal ends an effort by New Jersey officials, who had hoped to lure the Long Island City, Queens-based company to a location in Jersey City by offering about $100 million worth of incentives.
New York's package of incentives totals $127.8 million, including $89.4 million from the city. The state is kicking in $33.9 million in tax credits, grants and loans. FreshDirect will invest $112.6 million to build its headquarters at the Harlem River Yards. At 500,000-square-feet, the new facility on a 16-acre parcel, will be more than twice the size of FreshDirect's current operation and allow the company to further expand into new territories, including deeper penetration into New Jersey and Connecticut and into Philadelphia.
To read the rest of the story, please go to: Crain's New York Business
