Keurig Relocating to Burlington
Green Mountain Coffee announced earlier today that it is moving the Keurig Inc. headquarters to Burlington.
After months of negotiations that included the passage of a Tax Increment Financing (TIF) agreement by Town Meeting last month, Green Mountain Coffee Roasters, the parent company of Keurig, has decided to move its headquarters from Reading to Burlington. As reported by Patch, Town Meeting members voted 93 to 7 to approve the Tax Increment Financing agreement with the town that would save the company an estimated $3,256,352 over 15 years in an attempt to lure the company to Burlington during the annual May Town Meeting. Town leaders supported the TIF agreement for a variety of reasons. As reported, Keurig representatives have stated, and Town Administrator Robert Mercier confirmed to Town Meeting, the planned relocation of the company …
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