MassDevelopment Bond Helps New Bedford, Massachusetts, Firm Invest In Solar Power
02/10/2016
The company is using the bond, which MassDevelopment enhanced with two export guarantees, to acquire and install solar panels on the roof of its manufacturing facility on Blackmer Street. The solar panels will also be part of a canopy system on Finicky Pet Food’s parking lot and adjoining land. Finicky Pet Food will also use proceeds to refund a previous MassDevelopment bond, which the company used to buy and rehabilitate its manufacturing facility, and purchase land and equipment in 2006. Webster Bank purchased the bond.
“Finicky Pet Food, Inc. provides an integral connection between the South Coast Seafood Industry and the Pet Food Manufacturing Industry,” said MassDevelopment President/CEO Marty Jones. “This tax-exempt bond will help this Gateway City Company invest in renewable energy, helping it reduce overall electricity costs and devote more resources to delivering quality frozen seafood to the Pet Food Industry.”
Finicky Pet Food, Inc. sources fresh fish, frozen fish, and fish scrap from local fish cutting-houses for processing. The company provides frozen and ground fish to suppliers and manufacturers in all parts of the industry’s supply chain. Prior to Finicky Pet Food opening for business in New Bedford, similar companies charged the cutting houses to pick up their fish scrap. That fish is now reprocessed for future sale and is an important source of revenue to the New Bedford fish-processing industry.
Project Announcements
Quantum Fuel Systems Plans Wixom, Michigan, Manufacturing Operations
03/17/2024
The Paslin Company Expands Pontiac-Shelby-Warren, Michigan, Operations
03/17/2024
Schneider Electric Plans-Expands Mt Juliet-Smyrna, Tennessee, Production Operations
03/15/2024
FreezPak Logistics Plans Suffolk, Virginia, Cold Storage Operations
03/15/2024
FrameTec Plans Casa Grande, Arizona, Production Operations
03/15/2024
Ferroglobe Plans Wallace, South Carolina, Production Operations
03/14/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
AI 101 for Site Selection
Q4 2023
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023