Farm Fresh RI receives $2.2 million in tax breaks for Providence food hub

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PROVIDENCE, R.I. (WPRI) Farm Fresh Rhode Island received a financial boost for its plan to build a fresh food hub that would bring together food and farm-related businesses.

At a meeting Tuesday, a state Commerce Corporation spokesperson said the board unanimously approved giving Farm Fresh RI up to $2,222,222 in Rebuild Rhode Island tax credits to help build the 3.2-acre food hub.

The 61,000-square-foot facility would be built at 498 Kinsley Avenue. The site was left vacant after an old mill building burned down in March 2015.

The entire project will cost an estimated $15 million dollars. It is the 40th real estate project to use incentives under the Rebuild Rhode Island program.

The Commerce Corporation said the development investments are expected to add $738.5 million to the state’s annual GDP and create more than 12,500 construction jobs.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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