LOCAL FOOD News Roundup

July 1, 2011 at 2:37 pm Leave a comment

Hunts Point Market Extends Lease with NYC

The Hunts Point Terminal Market, the world’s largest wholesale produce market, is not leaving New York City, at least not yet.  It extended its lease with the city for an additional three years.

The three-year extension was signed just as the market’s lease was about to expire on May 31.  As part of the lease negotiations, the market vendors agreed to stop talking to officials from New Jersey, who had been trying to persuade the vendors to relocate.  The vendors will negotiate exclusively with the city for a term of nine months.

According to Crain’s New York Business, the biggest issue revolves around how the cost of renovating the market – projected at $320 million – will be divided among the vendors, the city and the state.

NYC Creates $10 Million Loan Fund for Food Entrepreneurs

The city wants to nurture its food entrepreneurs.  It created a $10 million loan pool to help food manufacturing businesses grow.  The city contributed $1 million to the pool with invest bank Goldman Sachs contributing the rest.

City officials are also looking to develop spaces for commercial kitchens and processing plants for small food-making companies.

For related New York Times article, click here.

Advertisements

Entry filed under: Local Food Production, Uncategorized. Tags: , , , .

A Calf Among the Cows: Profile of Organic Farm in Portugal Hearing on NYC Food Bills Draws Scores of Supporters, Few Critics

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Enter your email address to follow this blog and receive notifications of new posts by email.

Categories

Twitter: Recent Tweets

Error: Twitter did not respond. Please wait a few minutes and refresh this page.


%d bloggers like this: