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New Britain-based Rich’s Foods — a maker of pizza, cake icings and a variety of desserts — is planning a $21 million expansion at its current Myrtle Street location that is expected to create approximately 300 construction jobs, directly and indirectly, along with about 100 new manufacturing jobs, city officials said.
Mayor Erin Stewart told the Hartford Business Journal Tuesday morning that Rich’s Foods — also known as Rich Products Corp. — first contacted her office about their plans to expand their current 138,130-square-foot site into a new 191,330-square-foot facility. The expanded space, the mayor said, will be used for an added production line including new manufacturing equipment and cold storage, among other uses.
Rich Products Corp. is financing the expansion itself, but will be eligible for tax breaks, including getting its current $8.4 million property assessment frozen for 10 years, Stewart said.
The project’s construction will begin in the fourth quarter of 2022 and take about 18 months to complete, the mayor said.
The planned project must still be okayed by the Planning & Zoning Commission and then by the Common Council.
Stewart said the planned expansion is a boon for the Hardware City.
“I think that expanding businesses and bringing in more jobs is exactly what we need to do to fix the economy right now; people are looking for work,” Stewart said. “They are looking for an opportunity. I know that we have plenty of qualified individuals in the city who will be applying for those positions.”
Stewart said New Britain was in competition with one other state in the Midwest for the expansion.
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Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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