BDS News


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Beverage company mixes right ingredients by securing tax incentives and adding jobs in Massacchusetts.

 

June 16, 2011

 

Horizon Beverage Company based in Avon plans to expand to a new location, thanks to the team at Business Development Strategies, Inc. (BDS).
 
The privately held, family-owned distributor of spirits, wine, and beer - the largest in New England - has recently secured more than $2.5 million in state and local tax incentives for the expansion, consolidation and relocation of its operations to the former General Motors distribution center in Norton. The expansion project will allow Horizon Beverage to retain 381 full-time jobs and create 35 new jobs.
 
The 4th generation Massachusetts business intends to invest an estimated $43 million to purchase and renovate the vacant 404,353 square foot facility, and to construct an additional 160,000 square foot on-site distribution and office space. Horizon Beverage serves liquor stores, restaurants, lounges, hotels and other establishments such as Roche Brothers, Norton Liquors, Fenway Park, Gillette Stadium and others with a full range of products from exclusive, super-premium items to popularly priced mass-market goods.
 
The Company's successful sprint to achieving state and local approval was led by Lynn Tokarczyk, president and founder of the Medway-based BDS. As one of the state's leading government incentives consulting firms, BDS helped Horizon Beverage negotiate significant state and local tax incentives, nurture relationships with government officials, and cut through layers of bureaucratic red tape.
 
"Lynn Tokarczyk and the BDS team played a critical role in the development of our new distribution center in Norton, MA," praised Michael Epstein, Vice President of Operations and General Counsel of Horizon Beverage. "By accessing the Commonwealth's Economic Development Incentive Program (EDIP), we were able to secure advantageous tax benefits in the form of a state Investment Tax Credit (ITC), Tax Increment Financing (TIF) and a Personal Property Tax Exemption which allowed the project to become financially viable. The EDIP process is time-consuming and complex. It involves voluminous paperwork, extensive economic analysis, numerous presentations to municipal and state officials, and public hearings, and Lynn delivered on her promises for a favorable outcome. I would never undertake a development project without BDS on my team," Epstein said.
 
Norton Board of Selectmen Chairman Bob Kimball also praises Tokarczyk and the BDS team for their ability to bring the Horizon Beverage project to a successful conclusion. "This is the third important expansion project Lynn has delivered to the town of Norton over the past five years," Kimball says. "With Lynn's outstanding track record and attention to detail, we feel confident that the town of Norton is positioned to secure another win."
 
In March, state and local tax incentives were officially approved by the state Economic Assistance Coordinating Council (EACC). The Company and its employees expect to spend an estimated $500,000 annually with local businesses, which will bolster the local economy. The BDS team works tirelessly connecting the dots from reaching out and educating the community and local residents about the expansion benefits to preparing detailed state and local documents.
 
Tokarczyk credits the Town of Norton for their pro-business attitude, and the Tri-Town Chamber of Commerce for providing essential community outreach for the project among business and community leaders. "The Chamber was extremely instrumental in helping the project achieve a favorable vote by Norton Town Meeting and attracting Horizon Beverage to Norton," she states.  
 
The Horizon Beverage project is expected to commence this summer.