Sausage Maker Expands with Move to Medford with Help from MassDevelopment Bond
May 5, 2016
FOR IMMEDIATE RELEASE
Kelsey Abbruzzese, MassDevelopment, 617-330-2086 & 617-448-9077 (cell)
Francesca Bianco, Bianco & Sons Inc., 781-289-4688
MassDevelopment has issued a $5.1 million tax-exempt bond, purchased by East Boston Savings Bank, on behalf of Bianco & Sons Inc., a meat and sausage maker that is moving to 1 Brainard Avenue in Medford. The company is using bond proceeds to buy and renovate a 29,200-square-foot building on a 1.22-acre parcel of land. The new building will provide a larger and more efficient layout for Bianco’s sausage production. Bond proceeds are also helping the company purchase furniture, fixtures, and production equipment. MassDevelopment estimates the project will create 21 construction jobs. The Agency also enhanced the bond with a guarantee.
“Our administration is thrilled to welcome Bianco & Sons Inc. and its employees to Medford and to work creatively and collaboratively to grow our community,” said Mayor Stephanie Burke. “Medford is delighted and honored that Bianco & Sons Inc. chose our City to expand their business and we look forward to the start of a strong partnership.”
“The Commonwealth’s food manufacturers are a delicious, diverse, and crucial piece of this sector of the Massachusetts economy,” said MassDevelopment President and CEO Marty Jones. “MassDevelopment is pleased to help Bianco & Sons, a well-known local company, expand and increase production of its specialty meat products.”
Founded in 1960 in Revere by the late Joseph Bianco, Sr. of Medford, Biancos started as a small retail meat and sausage market. Joseph Bianco, Jr. has operated Bianco & Sons for more than 35 years to incorporate many different quality products. Joseph is now working with his three children by his side, Francesca, Lewis and Joseph III, keeping the company as a private, family-owned and operated enterprise, which was incorporated in 1973. Since then, Bianco & Sons has grown considerably and shifted to a manufacturing operation, offering an increasing variety of meats and sausages, such as beef, pork, veal, lamb, chicken, egg, turkey, and other specialty items. The company will move from three spaces it is leasing in Revere into this new facility, which will accommodate the entire operation.
“It is Bianco & Sons’ extreme pleasure to be welcomed in to the Medford business community as we strive to enhance and maximize our growth potential. We are very honored by the assistance granted by MassDevelopment and the City of Medford as we embark on this state-of-the art facility growth endeavor. Our goal is to enhance our consumer segment and attain customer product delight as we move forward into the future with generations of our premium products and services,” said Joseph Bianco, Jr., owner of Bianco & Sons. “We are USDA inspected to ensure that our customers receive the highest quality of meats they deserve. Our company is a reflection of our dedicated employees, all whom work cooperatively to achieve a common goal. Our staff is dedicated, passionate, and highly knowledgeable about our products. We hope to complete transition into our Medford location by November 2016.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2015, MassDevelopment financed or managed 294 projects generating investment of more than $2.5 billion in the Massachusetts economy. These projects are projected to create about 6,100 jobs and build or rehabilitate about 2,000 residential units.