Royal Wine Corp.'s workforce varies seasonally, peaking out at about 150 during the Passover season. The package that it got to relocate to Bayonne included a $250,000 low-interest loan through the Bayonne EDC. The State of New Jersey provided $8.1 million in loan-interest loans, and offered a grant of $600,000.
The company produces and distributes a variety of kosher products, notably Kedem wines. Other products from Royal Wine include Baron Herzog, Teal Lake and Weinstock wines, Old Williamsburg bourbon, Hamashkeh Scotch whiskey and a variety of food products.
"We've never had a grand opening like this before," enthused the company's president, David Herzog, at the event. He offered kudos to the city for its participation in getting the deal done.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.