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Trader Joe's Moving Closer to Connecticut Distribution Center

Trader Joe's Moving Closer to Connecticut Distribution Center


MONROVIA, CA
Tuesday, January 10th, 2017

Trader Joe’s is on the move, leaving two states trying to secure their land as a prospective new home for the retailer. Government officials in Connecticut have approved the chain for a property tax abatement for the potential $78.5 million distribution center

The new 690,000-square-foot facility will include a cheese cutting area, in addition to a 90,000-square-foot area of frozen food storage. The new aspect of business would give around 675 people jobs, including 150 for transportation.

The Bloomfield Town Council discussing the approved tax abatement. (Photo: Steve Goode)

This step is just the latest in Trader Joe’s imminent move towards a new distribution center. The retailer is supposedly scoping out a site in New York for the possible location as well.

The abatement was approved in a count of 8-0, as a 50 percent, four-year property tax break. This would save Trader Joe’s around $600,000 a year, and still allow the town to collect that amount in property taxes. If the retailer accepts the agreement, the company would have to remain in Bloomfield for an additional four years after the abatement ends, or pay back the $2.4 million it saved as part of the agreement.

Bloomfield Town Planner Jose Giner remains confident that Trader Joe’s will continue its move towards Connecticut, however, as he detailed the retailer has already filed permit applications to the town’s planning and zoning and wetlands commission.

So, who will win the bid for Trader Joe’s? Deli Market News will keep you updated as news surrounding the distribution center unfolds.

Trader Joe's