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Posted: November 28, 2008
NYC Industrial Development Agency to assist in expansion of Brooklyn business
At its September board meeting, New York City Industrial Development Agency (NYCIDA) approved financial assistance for Best Choice Trading Corp., a wholesale frozen seafood distributor located in East Williamsburg, Brooklyn. With NYCIDA's help, Best Choice will acquire, renovate, and equip an 8,750 s/f facility adjacent to its current 19,840 s/f facility to accommodate the company's growth and storage needs. The total project cost is estimated to be $2.6 million. The expansion will enable Best Choice to double its workforce by adding 20 workers to the 20 it currently employs.
The NYCIDA Board approved approximately $1,148,635 in real estate and sales tax benefits for Best Choice Trading Corp. for the acquisition and renovation of a facility on Stewart Ave. in the East Williamsburg Empire Zone.
This expansion will allow Best Choice to not only expand, but also to operate more cost-effectively.
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