The Trentonian building on Perry Street in Trenton is slated to be converted into a central baking facility for Dunkin Donuts, Trenton Mayor Eric Jackson announced in his annual economic development address yesterday.
About 170 full-time jobs will be created at the facility, which is being purchased by Central Jersey CML, LLC. The New Jersey Economic Development Authority approved a 10-year, $18.9 million award from Grow NJ for the project.
“When Trenton attracts new business and jobs, our local economy and City gets stronger,” Jackson said.
Tax incentives were offered to the company to bring the business to Trenton. Officials said the company will pay $1.8 million in taxes over a 30-year period. The deal was completed on Friday.
Jackson thanked Dunkin Donuts franchisees Paresh Patel and Alexander McCourt, as well as the MIDJersey Chamber of Commerce, for their efforts getting the deal finalized. MIDJersey Chamber President and CEO Robert Prunetti and Chamber Board Member Chris Fifis of the Hardenbergh Insurance Group were the catalysts to bring Central Jersey CML to Trenton, Jackson said.
“We were relentless in our pursuit to attract and sell this group on Trenton,” Prunetti said. “We met on several occasions to explore different locations and tax incentives. This is a significant win for the City of Trenton.”
Construction of the 69,000 sq. ft. baking facility at 600 Perry Street is expected to begin in spring 2017. The estimated cost of the project is about $16 million. The Trentonian offices will be relocated to another building in the city.
Other economic development projects touted by Jackson included:
– The completion of the new $26 million Thomas Edison State University Nursing School
– The $6 million expansion of Mercer County Community College’s James Kerney Campus
– The $43 million Roebling Lofts project
– The redevelopment of the Trenton Rail Station
– Whittaker Homes
– Culbertson Lofts
– The redevelopment of the Trenton Waterfront