A Massachusetts-based dairy cooperative is planning to consolidate its operations and renovate an industrial facility in Waitsfield, Vermont.
The co-op, Agri-Mark Inc., will pay $2.8 million to buy and renovate the 28,000-square-foot building formerly owned by Northern Power Systems, according to the Times-Argus as reported in the Associated Press.
The Vermont Economic Development Authority is providing a $2 million loan.
The purchase will allow the co-op’s Cabot operations to consolidate leased space in Montpelier, Burlington and Cabot to Waitsfield, the news agency reported.
Between 80-100 of the co-op’s 599 Vermont workers would relocate to Waitsfield. PD
—From AP report
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