City Boosts Offer to FreshDirect

NEW YORK — New York City is upping the ante to keep Internet grocer FreshDirect in town.

A newly posted public notice indicates the city is prepared to buy “vehicles, equipment and other assets” for the company’s use in a new 500,000-square-foot manufacturing and distribution facility in the Bronx.

That benefit would be in addition to a previous offer of an exemption from city real estate taxes; a deferral of city and state mortgage recording taxes; and exemption from city and state sales and use taxes for the new site, according to the notice published by the city’s Industrial Development Agency.

The revamped offer comes after New Jersey officials reportedly dangled $100 million in incentives for FreshDirect to locate in a facility in Jersey City. The company has outgrown its current facility in the Long Island City section of Queens.

A spokesman for the city’s Economic Development Corporation told SN Thursday that a dollar value on the new incentive package would be discussed at a public hearing scheduled for Feb. 9. FreshDirect was not immediately available for comment.

Discuss this Article 1

Anonymous (not verified)
on Jan 27, 2012

City doesn't need to do that.
If they go to New Jersey The tolls going over the Hudson River will cost them more than any incentive New Jersey offers. Then add the fuel and wear and tear on all those trucks to go the extra miles. Oh and their is labor for that extra time driving.
Politicians are horrible at figuring out when someone is bluffing for our tax dollars.

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