Title
Resolution Authorizing an Economic Development Incentive Grant to Publix Super Markets, Inc. and Extension of Water and Sewer Infrastructure Improvements.
Body
Department: Executive
Council District: All
Public Hearing: March 20, 2018
Advertising Date/By: News & Record, March 9, 2018
Contact 1 and Phone: Jim Westmoreland, City Manager - 336-373-2002
Contact 1 and Phone: Kathi Dubel, Manager -Economic Development & Business Support - 336-373-4579
PURPOSE:
The purpose of the hearing will be to receive information and public comment on a request from Publix Super Markets, Inc. (Publix) for an economic incentive grant to build a new regional distribution center. This potential incentive would be calculated as eighty percent (80%) on of anticipated new personal and real property taxes assessed to the property and collected by the City for a period of ten (10) years for the two (2) phases of the overall project. The incentive grant is projected to be between $14,661,230.00 and $17,722,728.00. The company will construct a new regional distribution center that will include over 1.8 million square feet in refrigerated and dry goods space, and create 1,000 new jobs with an average annual salary of $42,000.00. The grant is for the purposes of making real property improvements, purchasing new equipment, and creating jobs. The company is also requesting extension of water and sewer lines to this new industrial development. Cost of the new water and sewer infrastructure is estimated to be $3,000,000.00.
BACKGROUND:
Publix was founded in 1930 in Winter Haven, Florida. It is a private corporation and is the largest employee-owned grocery chain in the United States. The company employs roughly 193,000 associates at over 1,173 retail locations, cooking schools, corporate offices, 9 distribution centers and 11 manufacturing facilities. Publix operates in a highly competitive market and therefore must strengthen its position in current markets and exp...
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