New $50 million Dietz & Watson facility latest in $8.5 billion in investment
Philadelphia, October 10, 2014 – Deputy Mayor for Economic Development Alan Greenberger joined Governor Tom Corbett, Councilman Bobby Henon, and Dietz & Watson President and CEO Louis Eni this morning to break ground on the company’s $50 million expansion project that will create 158 jobs in Philadelphia. This project is the latest development to break ground in Philadelphia, which has seen more than $8.5 billion in investment for more than 200 projects completed since January 2013, currently underway, or planned in the near future.
“The level of construction that we are experiencing in Philadelphia is an indication of the confidence of businesses and investors in the direction and future of our city,” said Deputy Mayor Greenberger. “The Nutter Administration has prioritized smart planning, good community engagement, and an expeditious development process in order to encourage investment, job creation, and exciting projects for the city. The new Dietz & Watson facility is a great example of how the public sector works in partnership with the private sector for the benefit of all Philadelphians.”
Dietz & Watson, in conjunction with Black Bear Distribution, will invest more than $50 million to create its new Tacony food campus by constructing a 200,000-square-foot distribution center, enhancing its corporate headquarters and manufacturing facility and building a new fleet-maintenance facility. The City of Philadelphia’s Commerce Department worked closely with Dietz & Watson, the Governor’s Action Team, Councilman Bobby Henon, and PIDC to make this development possible.
“We are thrilled to be able to help Dietz & Watson, a venerable hometown family business, to expand their footprint here in Philadelphia,” said John Grady, President of PIDC. “This project brings renewed manufacturing and distribution activity to this underutilized industrial land as well as important jobs to Tacony. By assembling this new site to support Dietz & Watson’s expansion, we have also created additional capacity for more industrial development, investment and jobs, as well as riverfront park and trail expansion for the adjacent neighborhoods. Revitalizing this land by attracting terrific businesses like Dietz & Watson is a great success story for Philadelphia, the Commonwealth, and the business community.”
Philadelphia is experiencing an acceleration in development activity and in businesses choosing to start, stay and grow in the city.
- Just last week, Mayor Michael A. Nutter broke ground on the new East Market mixed-use development on Market Street, which is estimated to create almost 1,200 construction jobs and 300 permanent jobs;
- In September, Mayor Nutter announced that Hill International, a global construction management and consulting firm, will establish its global corporate headquarters in Philadelphia, adding approximately 220 new jobs over the next three years; and
- In August, Deputy Mayor Greenberger joined local officials to break ground on a new $160 million mixed-use development, which will bring 293 luxury apartments and 85,000 square feet of vibrant retail space, including a Whole Foods Market, to Rodin Square. This event immediately followed the announcement that the Philadelphia region experienced the third largest growth in construction jobs in the nation between July 2013 and July 2014.
“This is just the beginning,” said Deputy Mayor Greenberger. “There are many more exciting developers and businesses lined up to announce that they are investing in Philadelphia in the near future, which can only be good news for Philadelphians.”