Another food business is moving to the Bronx, as the city continues to try to steer the industry to the borough in an effort to spark its flailing economy. Mediterranean food importer Krinos Foods, previously based out of Long Island City, has struck a deal to develop a $20 million, 100,000-square-foot facility on city-owned land in the Tremont section of the Bronx.
Krinos purchased the site for $3.5 million and will bring its 85 employees to the Bronx. The company has not received any government subsidies for its move. [more]