The redevelopment project that will keep Dietz and Watson in Northeast Philadelphia will receive a $5 million state grant, state Sen. Mike Stack announced today.
“Dietz and Watson is investing in the future of Northeast Philadelphia and I’m pleased that Pennsylvania can reward that good faith with an investment in these jobs,” Stack said.
Earlier this year, after considering its options in the wake of a fire that destroyed a warehouse facility in New Jersey, the legendary maker of delicatessen products announced its intention to invest $50 million in a 200,000 square-foot facility adjacent to its Tacony headquarters.
The company intends to reconstruct its warehouse and cold storage building, general and corporate offices and expand its project to add a fleet garage, auto and truck facilities and related operations. The project is expected to preserve 700 existing local jobs and add 110 more and the company said dozens more jobs will be created over the next few years.
“There an intense competition among states for jobs and Pennsylvania’s record over the past four years has been disappointing,” Stack said. “This project is good news for Northeast Philadelphia.”
The grant will come from Pennsylvania’s Redevelopment Capital Assistance Program.