Catania-Spagna Corp., an edible oil maker in Ayer, plans to build a 51,500-square-foot manufacturing facility, using a 10-year tax-increment financing break valued at $783,673, according to a press release from the Massachusetts Executive Office of Housing and Economic Development.
The state’s Economic Assistance Coordinating Council on Monday approved the tax breaks for the project, which will come in the form of reduced property tax bills from the Town of Ayer, which already approved the 10-year agreement.
Currently, Catania-Spagna occupies a 212,000 square-foot facility where it houses its corporate offices, distribution and manufacturing operations.
The new project, which will be built on-site, is slated to create 30 new jobs and retain 100 existing jobs on a private investment of $14.4 million, per the EACC.
The project is the largest real estate investment in Catania-Spagna's history, the company said.