The Hunts Point Produce Market will stay in the community, according to The New York Times.

The Hunts Point Terminal Produce Market, which employs over 3,500 people, threatened to move to New Jersey. But with the approval of new funds from the Bloomberg Administration, they are “…committed as ever to keeping the Hunts Point Terminal produce market in the Bronx, where it belongs,” said Benjamin Branham, a spokesman for the Economic Development Corporation

Mayor Michael Bloomberg and Governor Andrew Cuomo approved $25 million in federal funds for redevelopment, Tuesday.