PHILADELPHIA-A new Dietz & Watsonfood warehouse and distribution center will be built here, and thecompany will not rebuild the Delanco, NJ, facility that burned lastfall – despite a $3.1 million tax incentive offer to rebuild in NewJersey.

|

The cold cut producer, which has its headquarters inPhiladelphia, will relocate 110 jobs from the former Delancofacility and retain nearly 700 jobs already in Philadelphia, afterafter an aggressive campaign to lure it do so by Pennsylvaniaauthorities. (see previous story.)

|

Pennsylvania Gov. Tom Corbettannounced that the company will build a new $50 milliondistribution center and “food campus” in the city's Tacony section,with the aid of $2.1 million in state grants and eligibility for upto $12 million in loans and other funding.

|

The 200,000-square-foot distribution center will riseadjacent to the headquarters Dietz & Watson has occupied for 75years.

|

Dietz and Watson CEO Louis Eni said in astatement that the move represents “a tremendous opportunity forour family-owned company to grow in the city and state that hassupported us for 75 years.” The company had long eyed the sitebeside its headquarters, but it was not previously available, Enisaid.

|

“The people of Delanco, New Jersey, welcomed us and forthat we will forever be grateful,” Eni said. “The fire was atragedy and the resulting cleanup impacted a lot of our neighbors.We thank them for their patience and support. Our family thoughtlong and hard about the decision to leave New Jersey. But in theend, we believe it's the right decision for our employees, ourcustomers and for the future of our company.”

|

When the New Jersey Economic Development Authority madeits tax break award, it estimated that the rebuilding project wouldhave created 213 new jobs and would have retained 135 jobs in thestate.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 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.