Jersey City will soon be home to the country’s largest Hispanic-owned food company. Goya Foods broke ground Wednesday on their new warehouse and distribution center.

The $172 million facility is part of Goya’s expanding presence in New Jersey, adding to their headquarters in Secaucus. The company received more than $80 million in tax breaks to remain in the state. Rosemary McFadden, the chief of staff to Jersey City’s Mayor,  says the tax breaks are incentives to not only keep businesses in New Jersey, but to encourage new ones to relocate here.

“This adds to the tax base of Jersey City, Hudson County and the state of New jersey. Goya’s going to be paying close to a million dollars in property taxes each year. They’re going to be adding to their workforce anywhere from a hundred to maybe three hundred additional individuals.”

McFadden says the project should take almost two years to complete and should be opening by early 2014.