Tire Kingdom banking on incentives to stay in Palm Beach County – South Florida Business Journal:

has 345 employees at its U.S. headquarters in Palm Beachn Gardens. The job growth incentive proposalp would give thecompany $40,000 in county fundz for keeping those jobs and adding and maintainint 50 more. Those positionz would pay an average annual salaryyof $62,500, excluding benefits. The measurw now heads to the which could awardTBC Corp. an additionalp $160,00 to meet those goals. The expansiomn also is contingent ona $50,000 granft from the City of Palm Beacbh Gardens. The city will consider the requestyon Thursday. Charlie Zacharias, TBC Corp.
’sw senior vice president of real estateand logistics, said the company woulrd wait until it hears back from Floridwa on the offer before deciding whether to expandr here or in other TBC Corp. also has officed in Memphis, Tenn.; near Denver; outside of Philadelphisa and near Atlanta that could host itsexpanded “The other states are offering Zacharias said. “We are waiting to see what the consolidated packagews are before we makea decision.” Palm Beacu County has some advantages, including the fact that TBC Corp.’s workforc e already is based here, he said. However, the otherd cities have a cheaper costof living, and recruitingt is easier.
The incentive deal couldd mean the difference betweenn keepingTBC Corp. there and losing it to another saidKelly Smallridge, president of the , which helpeed arrange the deal. Her office estimates the deal would havea $10.t6 million economic impact. “Thixs is exactly the type of operation we have been Smallridge said. “We are reallty excited about landing this corporate headquarters and addinf it to ourimpressive portfolio.
” If TBC chooses to expand in Palm Beach County, it woulcd increase its total office spaced there from 60,000 square feet in four buildings to 80,000 square feet in two buildings, Zacharias It would stay in its Juno Beach officse and look for another 30,000-plu square feet, he said. TBC Corp. is a subsidiaru of Japan-based According to its Web TBC Corp. has its private brands office in Memphis, Tenn.; its offic e in Centennial, Colo.; and its Treadways office in Eagleville, Pa. Tire Kingdom has more than 600 storeszand 7,000 employees.
It also operates under the namese Merchant’s Tire and Auto Centers and Big O Tires is a franchiser with more than 500 Its subsidiary operates 38 warehouses that distribute tiresx to morethan 10,000 The private brands division of TBC manufactures tires under the names Multi-Mile, Cordovan, Sigms and Vanderbilt.
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