Tire Kingdom banking on incentives to stay in Palm Beach County - Puget Sound Business Journal (Seattle):

bentlyoupapa1810.blogspot.com
has 345 employees at its U.S. headquarterss in Palm Beach Gardens. The job growtj incentive proposal would give thecompany $40,000 in counthy funds for keeping those jobs and adding and maintaining 50 Those positions would pay an average annuakl salary of $62,500, excluding benefits. The measured now heads to the which could awardTBC Corp. an additiona l $160,00 to meet those goals. The expansion also is contingenr ona $50,000 grant from the City of Palm Beach Gardens. The city will consider the request on Charlie Zacharias, TBC Corp.
’s senior vice presidengt of real estate and logistics, said the company woulfd wait until it hears back from Floridw on the offer before decidinb whether to expand here or in othet states. TBC Corp. also has offices in Tenn.; near Denver; outside of Philadelphia and near Atlanta that coulr host itsexpanded headquarters. “The other states are offeringv incentives,” Zacharias said. “We are waiting to see what the consolidate d packages are before we make a Palm Beach County has some including the fact thatTBC Corp.’s workforce already is based he said. However, the other citiess have a cheaper cost of and recruitingis easier.
The incentive deal coulxd mean the difference between keeping TBC there and losing it to another saidKelly Smallridge, president of the , which helped arrangse the deal. Her office estimates the deal woulds havea $10.6 million economic impact. “Thies is exactly the type of operation we have been Smallridge said. “We are really excitexd about landing this corporate headquarters and adding it to ourimpressive portfolio.” If TBC Corp.
chooses to expanrd in Palm Beach County, it wouldf increase its total offic e space therefrom 60,000 square feet in four buildingz to 80,000 square feet in two buildings, Zacharias It would stay in its Juno Beach office and look for anothef 30,000-plus square feet, he TBC Corp. is a subsidiary of Japan-based According to its Web TBC Corp. has its privatew brands officein Memphis, Tenn.; its officed in Centennial, Colo.; and its Treadways office in Pa. Tire Kingdom has more than 600 storeand 7,000 employees. It also operated under the names Merchant’s Tire and Auto Center and (NTB).
Big O Tires is a franchiser with more than 500 Its subsidiary operates 38 warehouseds that distribute tires to morethan 10,000 The private brands division of TBC manufactures tires under the names Multi-Mile, Cordovan, Sigma and