Really Cool Foods Comes to Wayne County

September 30, 2007

What started as an idea in a supermarket for Michael Recanati a few years ago, turned into a 1,000-job, $100-million opportunity for Wayne County on Wednesday afternoon.  Founded in 2005, Really Cool Foods is one of the nation's largest manufacturers of organic foods, according to a press release. The New York-based organic foods company announced it would build a 77,000-square-foot U.S. Department of Agriculture-certified organic manufacturing and distribution center at the Gateway Industrial Park in Cambridge City. The facility is expected to open in 2008.  Gateway Industrial Park is a 282-acre park near Indiana 1 and Interstate 70 that opened in January 2003.

In total, Really Cool Foods plans to invest $100 million in the manufacturing complex and other additional facilities over a five- to seven-year span, said President and CEO Bob Clamp at a press conference that preceded the groundbreaking.

The company has a 35,000-square-foot production facility in Syosset, N.Y., which is similar to the one that will be constructed at the Gateway Industrial Park.  In 2006, Really Cool Foods opened a 4,000-square-foot flagship store in Manhattan.

Incentives to attract the company included receiving up to $3.05 million in performance-based tax credits by the Indiana Economic Development Corporation, according to a release.  In addition to that, up to $165,000 in training grants would be available along with a $200,000 grant to assist Cambridge City officials in off-site infrastructure improvements needed for the project.  Wayne County offered an additional $165,000 in grants, 50 acres in land and a 10-year property tax abatement.

"The new jobs being created will be of utmost importance to Wayne County and other surrounding counties," Heyob said in a press release.  "The investment in our community will have a tremendous economic impact that will be felt by many of our local businesses."

"Their decision to come here is a really big deal for us because it reaffirms our decision to come here."  said Mike Ford, warehouse manager for Dot Foods, a distribution company that will be a neighbor of Really Cool Foods at the park. Dot Foods opened its plant in mid-August and plans on making its first delivery on Oct. 22, Ford said.

This information has been provided by Rhett Baumgartner Commercial Real Estate to keep our clients and customers informed about our company and the Richmond, Wayne County, Indiana real estate market.