GOVERNOR PATRICK ANNOUNCES EXPANSION OF TRIBE MEDITERRANEAN FOODS IN MASSACHUSETTS
Taunton company opens new facility, expands product line and creates new jobs with support from the Patrick-Murray Administration
TAUNTON - Tuesday, July 27, 2010 - Continuing the Patrick-Murray Administration's commitment to supporting small businesses and promoting regional economic development, Governor Deval Patrick today joined company leaders and employees from Tribe Mediterranean Foods for a ribbon cutting ceremony and tour of the company's newly expanded plant in Taunton. The new facility, which will support Tribe's product line expansion and continued job growth, was made possible by a targeted investment from the Patrick-Murray Administration.
"Tribe's growth is a banner example of how the public and private sector can work in tandem to make a significant mark on local and State economies," said Governor Patrick. "I hope Tribe's story inspires other businesses to leverage the statewide incentives we have put into place and continue to help locally-based companies grow and prosper. Keeping Tribe in Massachusetts is a great win for the state and will continue to stimulate the state, region and local economy."
In December 2009, the Patrick-Murray Administration awarded Tribe Mediterranean Foods an Investment Tax Credit (ITC) to assist the company's expansion when it acquired Veggie Patch, a wholesale vegetarian food company based out of New Haven, CT. Following the acquisition, Tribe looked to consolidate its manufacturing facilities with Veggie Patch's by expanding its Taunton facility. The expansion is expected to nearly double the company's number of employees, creating 59 new jobs within two years. Prior to receiving the state ITC, Tribe employed 66 people. As part of the ITC agreement, the company received a property tax reduction from the town of Taunton.
"We have spent the better part of the last year working closely with local city and state officials to leverage creative tax financing against our growth strategy," said Carlos Canals, president & CEO, Tribe Mediterranean Foods. "Our plant expansion has facilitated more efficient production and new capabilities for our entire line as we forge ahead in building market share, accommodate larger orders and service new distribution contracts that address consumers' direct demand for a superior, all natural hummus product."
Earlier this month, the company launched a new product line, Tribe Origins, which it will distribute nationally from its Taunton facility. In addition to new job creation when Tribe acquired Veggie Patch, the Origins line will result in additional hires to support its manufacturing needs. With the increased demand for hummus, one of Tribe's main products, in American households, the company expects an average growth rate of 20% over the next several years.
"Job creation is our number one priority today and incentives like this provide Massachusetts businesses the opportunity to expand and employ more workers. By giving companies like Tribe Mediterranean Foods tax incentives for employing more people and investing in their infrastructure we directly impact job creation. I applaud the Patrick-Murray Administration for providing opportunities such as this because now a company located right in my district is able to increase their employment and continue to grow their Taunton facility," said Senator Marc R. Pacheco.
"I am happy to see this targeted state investment creating jobs and helping Tribe Mediterranean Foods grow in the great city of Taunton," said Representative Patricia Haddad.
"I am very proud to welcome Tribe to Myles Standish Industrial Park. The growth of the park show genuine results and jobs in our area - not just promises," said Representative James H. Fagan.
The Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for job creation and private investment commitments.
Under Governor Patrick's leadership, the EDIP program has been reformed to maximize its effectiveness in terms of both job creation and economic development. For more information on the program, please visit www.mass.gov/dbd/edip.
Learn more about how the Patrick-Murray Administration's agenda has led Massachusetts out of a global recession faster and stronger than the rest of the nation here.
About Tribe Mediterranean Foods, Inc.
Tribe is a subsidiary of Osem/Tivall (Nestle Israel), manufactures and distributes a popular line of Mediterranean food products which include several flavors of hummus, bruschetta and tabouli. Beginning in 1994 under the label Tribe of Two Sheiks, Tribe has become a leading competitor in the U.S. hummus market, including the "all natural" and organic sectors.