Connecticut Foodshare's $3.5M Warehouse Sale

0:00Connecticut food share just sold its Bloomfield warehouse for $3,500,000 to slash costs and bank roll a big expansion. In Wallingford, as the state's largest food bank, they're shifting everything to one spot to keep more cash flowing toward feeding folks in need. This move comes after their 2021 merger with the Connecticut food bank, leaving them with two spots, a smaller 52,000 square. Food set up in Bloomfield and a beefier 85,000 square foot hub ride off Interstate 91 in Wallingford. CEO Jason Jacobowski says running both was eating up too much, think $300,000 a year just for basics like lights and fuel. Now, they're freeing a resources to focus purely on food distribution during these tough economic times. The Wallingford spot gets a 34,000 square foot upgrade approved last year with groundbreaking set for this summer. It'll take 16 to 18 months and add prime refrigerated and freezer space, backed partly by a $2 million federal grant from early. 2024, they sell to Windsor's all-crate

1:06ink, who's expanding their crate-making ops. Until the project's done, they'll lease extra space for peak seasons like holidays, streamlining ops without skipping a beat on hunger relief. That's your update from Harvard News Today, powered by AI.