Expansion Seasoned with Tax Incentives
Since its 1957 founding, Home Market Foods has cooked up the kind of business any community would be proud to host. The specialty manufacturer of high-protein foods made with wholesome, tasty ingredients produces some of the country’s best-loved meals and snacks, including the country’s #1 branded “Cooked Perfect” meatballs. Headquartered in Norwood, Massachusetts, Home Market Foods considered many options for its new distribution facility. The Company decided to expand in Norton, Massachusetts, with help from the state’s leading government incentives consulting firm, Business Development Strategies, Inc. (BDS).
“The Town of Norton made it clear from day one that they wanted to do business with us,” says Wes Atamian, President, Home Market Foods. “And with the assistance of theBusiness Development Strategies [BDS] team led by Lynn Tokarczyk, President, we were able to secure a substantial tax incentive package that sealed the deal.”
Meatballs and More
Home Market Foods’ frozen meatballs and “Grab-and-Go” Roller Grill meals and snacks are available at a variety of well-known retail chains, supermarkets and convenience stores. Needing to grow to meet increasing customer demand meant the Company needed an additional location to store its products. Following a site search that included properties in Massachusetts and throughout the country, the Company and its real estate advisors identified the former Sysco food service company building in Norton as a viable option for its new distribution facility.
The new building proved ideal to accommodate the Company’s future growth plans. Located a short distance from Home Market Foods’ Norwood property, the 444,000 square foot building in Norton will serve as the Company’s distribution center while its corporate offices and manufacturing operations will remain in Norwood. Home Market Foods’ expansion project resulted in a $25 million investment and new job creation plans.