Food & Beverage

Milestone moment: Newark Working Kitchens to deliver 1 millionth meal today

Tom Bergeron | ROI-NJ

A unique win-win program has kept Newark restaurants open while helping to feed those in need. In April 2020 — at a time when the pandemic was taking hold in the state, leaving many to wonder where their next paycheck and their next meal were coming from — Audible announced it was donating $1 million to create Newark Working Kitchens, a unique meal …

Oatly is valued at $10 billion in New York IPO

Hanna Ziady | CNN Business

London (CNN Business)—Fast-growing Swedish oat milk brand Oatly is headed for a splashy New York IPO that will test investor demand for companies that make plant-based foods. The company, which will list on the Nasdaq on Thursday, priced its shares at $17 each, giving it a valuation of $10 billion and raising over $1.4 billion from the sale of new and existing equity. Oatly, …

Smorgasburg to Open in Jersey City This Month in First Expansion Outside of NYC, LA

Luke Fortney | Eater NY

The waterfront-facing food market opens on May 29. Smorgasburg is headed across the Hudson. The popular outdoor food market, which started as a flea market in Williamsburg nearly 12 years ago, is preparing to open in Jersey City later this month, co-founder Eric Demby confirms. The expansion marks the company’s first location outside of New York City or Los Angeles, and first …

Glyde, an NJII startup, gets backing from venture firm that features Bezos, Zuckerberg

ROI-NJ Staff(Newark)

[email protected], the coworking and incubator space at the New Jersey Innovation Institute on the campus of New Jersey Institute of Technology, houses and supports a number of student-led startups. On Monday, NJII announced one has gained the backing of one of the most notable venture firms in the country. GlydeApp, which provides contactless dining by automating the ordering and payment process for restaurants …

Plant-based food company to build $45 million facility in Millville

Molly Shelly | The Press of Atlantic City

MILLIVILLE — Innovation Foods is set to build a $45 million processing and packaging plant in the city, the company said Tuesday. The plant is expected to create 40 jobs that will focus on plant-based aseptic packaging, which is a technique that extends the shelf life of beverages while using fewer additives. The new jobs will add to Cumberland County’s …

Choose New Jersey Announces Food Innovation Collaboration between Israeli Food Manufacturer Tnuva and The Food Innovation Center at Rutgers University

Choose New Jersey, Inc. | Press Release

Choose New Jersey highlights continued success of its February 2020 Economic Mission Trip to Israel as one-year anniversary approaches  (Newark, New Jersey) – Choose New Jersey, New Jersey’s leading economic development organization, is pleased to announce, in partnership with the New Jersey-Israel Commission, a collaboration between Tnuva, one of the world’s largest food manufacturers and a global supplier of kosher …

Brooklyn beverage company expands into North Jersey with building purchase

ROI-NJ Staff | ROI-NJ

A Brooklyn fruit-based beverage company has purchased a Clifton industrial building to boost its manufacturing capacity, according to real estate firm NAI James E. Hanson. 3V Co., which produces and distributes beverages in the New York City metro area, bought the 45,670-square-foot building at 9 Bridewell Place from Challenge Partners LLC, the firm said in a news release. The team of …

Hitting the Spot

Joyce Fassl | ProFood World

Start early, do your homework, and determine what you can live with or without when searching for a new facility’s location. Leave no stone unturned in uncovering workforce assistance programs, tax and utility incentives, and potential operating costs. You’ve heard the saying a million times, but in the planning stages, manufacturing facility success often comes down to three things—location, location, …

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