News: Brokerage

Vida-Blend breaks ground for new 14,000 s/f facility – $1.4 million

Shown (from left) are: Legislator Dan Wilson, county executive Matthew Ossenfort, legislator Robert Purtell, economic development director Ken Rose, Vida-Blend founder Freddy Luna, town of Florida supervisor Eric Mead and Empire State Development Mohawk Valley regional director Michael Reese.

Amsterdam, NY Vida-Blend, a manufacturer of premixed vitamin blends, formally broke ground October 25th in special ceremony to begin construction of a new production facility in Montgomery County. 

The new $1.4 million, 14,000 s/f facility is a major step forward for the company. Vida-Blend is the third company to locate at the Florida Business Park Extension, joining the newly completed Dollar General Distribution Center and Hill & Markes. 

Vida-Blend will build its new manufacturing facility after purchasing the property and negotiating a PILOT through the BDC. In addition, the Mohawk Valley Regional Economic Development Council (MVREDC) has awarded Vida-Blend a performance-based, capital grant of $240,000 through Empire State Development for additional machinery and equipment, in exchange for 11 new jobs. 

“We are all looking forward to this new facility as it will open up many more exciting opportunities for us in the near future,” said Freddy Luna, founder of Vida-Blend. 

The business’ expansion is being celebrated by the officials from Montgomery County and the County’s Business Development Center as an exciting addition to the Rte .5S corridor which is already home to companies like Beech-Nut, Dollar General and Target, as well as long-standing local employers like Alpin Haus and Hill & Markes. 

“Vida-Blend is a wonderful local success story and another example of how our county’s employers are growing and creating jobs,” said Montgomery County executive Matthew Ossenfort. “Montgomery’s economy is strong because companies like Vida-Blend, government and local communities are working together to ensure success. We’re proud to support companies that invest in our community. Congratulations to Freddy and the whole Vida-Blend team on this exciting next step.” 

“Vida-Blend has become an important part of the vibrant and diverse Mohawk Valley region by producing quality products and giving back to the community it calls home,” said Empire State Development acting commissioner, president and CEO-designate Eric Gertler. “This is another great step forward for the company, Montgomery County and the region, and we are proud to have supported its expansion.” 

“Vida-Blend’s development and expansion is an exciting example of the good that comes from community support for a local entrepreneur who is willing to make investments in our area. Helping businesses construct state-of-the-art facilities that meet the needs of their employees and customers encourages them to stay and grow in Montgomery County. Freddy and the team at Vida-Blend have come a long way and we are proud to play a part in helping them realize even greater potential,” said Montgomery County Business Development Center CEO Ken Rose. 

Founded by Freddy Luna in 2013, Vida-Blend has a long-standing working relationship with the Business Development Center. The company received the globally-recognized “Food Safety System Certification 22000,” in 2016. The safety designation helped Vida-Blend reach new customers requiring a larger production facility. Luna worked closely with the BDC for find a suitable new site. 

“We’re staying here and we’re growing here because Montgomery County has always been willing to help us on our road to success,” he said. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.