Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Livestock Institute to Build Meatworks Processing Center in Westport, Massachusetts

04/23/2018
MassDevelopment, the state’s finance and development agency, partnered with BayCoast Bank to provide The Livestock Institute of Southern New England Inc., a nonprofit that supports the livestock industry, with loan financing to build a state-of-the-art, USDA-inspected slaughterhouse and processing facility called Meatworks in Westport, Massachusetts.

According to MassDevelopment, BayCoast Bank provided a $5,050,000 construction loan, while MassDevelopment provided a $500,000 commercial real estate loan, and enhanced the financing with a guarantee.

Meatworks will serve southeastern Massachusetts, Rhode Island, and eastern Connecticut, and will include a retail store to foster direct sales from local producers and increase access to locally-raised meat.

“The Livestock Institute provides the livestock industry with a trove of resources to train, educate, and support workers, small businesses, and farmers in the New England agricultural sector,” said MassDevelopment President & CEO Lauren Liss. “MassDevelopment is proud to support this project, which will promote best practices in the livestock industry and create an estimated 20 new jobs in Westport.”

“BayCoast Bank is proud to partner with TLI on this important project which helps support and promote an agricultural-related industry in Westport. Economic development projects like this help the South Coast region grow its farm economy and helps further develop the area's livestock industry,” said Betty-Ann Mullins, Senior Vice President of BayCoast Bank.

TLI’s mission is to revitalize and strengthen livestock farming in southern New England by providing resources to livestock farmers and the community. MassDevelopment officials said. TLI offers education and training regarding humane and safe animal handling, slaughtering, and meat processing techniques; resources and information about economic and agricultural development; job training for workers in small-scale, multi-species slaughterhouses and butchery; and producing educational workshops, publications, and materials.

Share

Exclusive Research