King Arthur Flour Plans Second Expansion Phase In Hartford, Vermont
Area Development Online News Desk (09/06/2013)
King Arthur Flour Company plans a second phase of a $4.01 million expansion project in Hartford, Vermont. According to the state’s Economic Development Authority, King Arthur plans to construct a 23,900 square foot building in Hartford’s Billings Farm Commercial Park to house the company’s food manufacturing operation, now located in leased space in the park.
As part of the expansion, the space currently leased will continue to house the company’s warehouse and fulfillment center for King Arthur Flour’s catalog and web-based sales. Founded in Boston in 1790, King Arthur Flour is America’s oldest flour company, economic development officials said. King Arthur Flour employs 229 full-time employee-owners, a number expected to grow to 274 within three years of the expansion project.
As an incentive, Vermont’s Economic Development Authority approved up to $3.5 million in revenue bond financing to assist the firm with its project. Brown Brothers Harriman has committed to purchase the tax-exempt bond.