MassDevelopment

Finicky Pet Food

Finicky Pet Food processes fish for suppliers and manufacturers in the pet food industry. To reduce soaring electricity costs, the company wanted to purchase and install solar panels on the roof of its facility on Blackmer Street in New Bedford. MassDevelopment issued a $5,267,500 tax-exempt bond (purchased by Webster Bank) on behalf of the project, enhancing it with two export loan guarantees. The company’s canopy system solar installation includes its parking lot and adjoining land. The tax-exempt bond will enable Finicky Pet Food to invest in renewable energy, create 20 jobs, reduce operating costs, and devote more resources to delivering a high-quality product to the pet food industry.