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MegadealsSubsidy Tracker Individual Entry
Company: Fresh Direct, LLC & U.T.F. Trucking, Inc.
Parent Company:
Ahold Delhaize
Subsidy Source: local
Location: New York
City: BRONX
Address: East 132nd Street
Zip: 10454
Project Description: Fresh Direct, LLC (?Fresh Direct?) closed a 140 million straight-lease transaction on December 19, 2013. Fresh Direct is an online grocer that offers home delivery of fresh food, meals and grocery staples throughout New York City. With IDA assistance provided through this transaction, Fresh Direct will construct a new, approximately 500,000 square foot manufacturing and distribution facility located in the Harlem River Yards in the Bronx. The new facility will allow Fresh Direct to dramatically expand operations with increased space for production, cold processing, and warehouse operations. This project is expected to retain approximately 2,000 jobs and create nearly 1,000 new jobs within 6 years.
Year: 2017
Major Industry of Parent: retailing
Specific Industry of Parent: retail-supermarkets
Subsidy Value: $2,538,041
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $117,454,000
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.