In the Mix Cakery’s Investment Commitment Lowered to $450,000 While Employment Levels and Other Obligations Remain Unchanged

In the Mix Cakery LLC has received approval from the Enterprise Zone Commission to reduce its required investment commitment from $896,908 to $450,000, after the company informed officials that financing had not come through at the level originally anticipated. The action was taken during Tuesday’s Enterprise Zone Commission decision meeting, where staff recommended approval of the company’s request while keeping all other terms of its Enterprise Zone certificate unchanged. In the Mix Cakery was previously granted South Shore Trade Zone tax benefits to conduct business within the zone at the William D. Roebuck Industrial Park, Building 3B, 302. Under its original terms, the company committed to investing $896,908 toward outfitting the business and purchasing machinery. Nadine Marchena Kean, managing director of the Enterprise Zone Commission, told board members that during the orientation process, the beneficiary indicated it had not received financing at that level. However, she sa...