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City Board Approves FreshDirect Financing

NEW YORK — The board of directors of the New York City Economic Development Corporation voted Tuesday to approve a $128 million financing package allowing Internet grocer FreshDirect to build a new facility in the Bronx.

The approval came amid objections from attendees at the board meeting and from opponents of the subsidies who raised concerns over environmental impacts and workers' wages on the matter last week. A published report Tuesday said a representative from the city's controllers office cast the only "no" vote.

As previously reported, New Yory City and state agencies said they would provide incentives that would cover the entire cost over a 25-year period after the company received an offer to relocate its warehouse to New Jersey. The company currently operates from a warehouse in Queens, N.Y.

The new facility would create jobs through expansion and construction, city officials said.

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