Business Facilities - July 2008 - (Page 9)

Gourmet Guru Stays T rue to Its NY Roots n May, the New York City Industrial Development Agency (NYCIDA) approved an array of financial assistance options for Bronx-based Gourmet Guru, an organic and specialty foods provider. The company plans to invest $4.9 million by renovating a 27,000square-foot facility in the Hunts Point section of the Bronx. This growth will create 26 new jobs. I square-foot facility in Hunts Point and, with IDA assistance, will be able to expand while remaining in the same neighborhood. Gourmet Guru investigated sites in New Jersey and, while costs would be lower there, ties to the Hunts Point community far outweighed potential savings. Hunts Point is the world’s largest food distribution center, boasting more than 800 industrial businesses and 25,000 workers. Top 10 Micropolitan 4 years running! • Over 600 Acres of “Shovel Ready” Industry Speciﬁc Parks • Focused on Ag-Business, Life Sciences and Advanced Manufacturing • 184 Million People within 10 hour drive • Great Incentives from Business Minded Professionals G E NE S E E CO UNT Y, NY www.gcedc.com #0726 at www.BusinessFacilities.com Relocating and Expanding in New York’s Creative Core. Hunts Point Cooperative Food Market is the world’s largest food distribution center. Gourmet Guru chose to remain in Hunts Point because of its ties to the food industry. he Mohawk Valley, in the heart of New York's Creative Core, has become the location of choice for large corporations and entrepreneurial enterprises, including: Empire Aero Center —opened its Mohawk Valley headquarters in 2004 and added Jet Blue, Air Canada and Virgin America to its customer list. Family Dollar—picked the Mohawk Valley for its $63 million Northeast Distribution Center. New England Wood Pellet— chose the Mohawk Valley to construct the largest wood pellet production facility in the United States. Whether you are a fortune 500 company, or a small firm looking to strengthen your presence in the Northeast, the Mohawk Valley, and New York's Creative Core will meet your needs and exceed your expectations. T According to the NYCIDA, Gourmet Guru received approval for city and state mortgage recording tax benefits worth $123,481, as well as city and state sales tax exemptions totaling $54,438 for the acquisition, renovation, and equipping of its Bronx site. A City Land Tax Abatement of $144,505 and a City Building Tax Stabilization valued at $1,761,854 were also approved. “Supporting local businesses by helping them to expand is crucial to maintaining New York City’s role as a small business center,” says Seth W. Pinsky, chairman of the NYCIDA. Gourmet Guru has been operating in the Bronx for the last ten years. The company began with a 1,000- PHOTO CREDIT: AUSTIN MEAT & SEAFOOD COMPANY Mohawk Valley EDGE 153 Brooks Road Rome, New York 13441-4105 315-338-0393 1-800-765-4990 FAX 315-338-5694 Web: www.mvedge.org e-mail: info@mvedge.org Call us for more details. #0714 at www.BusinessFacilities.com BUSINESS FACILITIES 9 http://www.gcedc.com http://www.gcedc.com http://www.BusinessFacilities.com http://www.mvedge.org http://www.mvedge.org http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - July 2008

Business Facilities - July 2008 Contents First Word Snapshots Corporate Moves: New York The 2008 Business Facilities Rankings Report 2008 Rankings: Biotech Blasts Off 2008 Rankings: Green with Envy 2008 Rankings: Warm Climate for Business Nanotech Looms Large in Pennsylvania Metro Spotlight: Inland Empire, CA Food Processing Sites: Providing Sustenance as Well as Nutrition Sale-Leasebacks: Easing the Credit Crunch Corporate Moves: Georgia Metro Spotlight: Albuquerque, NM Advertiser Index Inside LiveXchange

Business Facilities - July 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.