Westport, MA – MassDevelopment has partnered with BayCoast Bank to provide The Livestock Institute of Southern New England Inc., a Westport nonprofit that supports the livestock industry, with loan financing to build a state-of-the-art, USDA-inspected slaughterhouse and processing facility called Meatworks in Westport.
BayCoast Bank provided a $5 million construction loan, while MassDevelopment provided a $500,000 commercial real estate loan, and enhanced the financing with a guarantee.
Meatworks will serve Southeastern Massachusetts, Rhode Island, and Eastern Connecticut, and will include a retail store to foster direct sales from local producers and increase access to locally raised meat.
