From The New York Times:
For this former mill town, the deal to secure a large Amazon distribution center means much more than the $3.78 million coming from the land sale and the successful culmination of three years’ worth of negotiations.
“Any time you have a corporate giant making a commitment to a city, that speaks volumes,” said Kenneth Fiola Jr., executive vice president of the Fall River Office of Economic Development, which worked closely with state officials and the broker NAI Hunneman to bring in the online retailer. “It gave us enhanced credibility.”
Credibility to attract other large companies, for one thing. And the deal for an over one-million-square-foot distribution center also gives Fall River, a southeastern Massachusetts city of about 89,000 people, cash to tackle a long list of improvements planned for its downtown business district. It is the latest step in a strategy that Mr. Fiola and other civic leaders are pursuing to encourage urban investment and redevelopment.
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For its part, Amazon, which did not respond to requests for comment, is expected to hire 500 people when its $36 million warehouse opens this fall. The Trammell Crow Company is developing the project on 77 acres in the SouthCoast Life Science & Technology Park, one of three municipally owned industrial zones. It is a 10-minute drive north from Fall River’s downtown.
Link to the rest at The New York Times and thanks to Jan for the tip.