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Big Incentives For Susser Holdings

By CSD Staff | January 31, 2008

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Susser Holdings Corp., the parent company of more than 500 Stripes convenience stores in Texas, Oklahoma and New Mexico, has received $640,000 in tax incentives from the Corpus Christi Regional Economic Development Corp. and the city’s Business and Job Development Corp. With the Texas-based company’s recent acquisition of Town & Country Food Stores, Susser plans to relocate 11 Town & Country Food Stores employees from San Angelo and create 36 new local jobs over the next five years. These 47 additional employees, at an average salary of $60,106, will be based at the company’s corporate offices in Corpus Christi.

The company estimates that the annual payroll of the 47 jobs that will be created or relocated to Corpus Christi will exceed $2.8 million per year. The incentives will be paid in five annual installments of $128,000 starting next year. By 2009, Susser also will invest $3 million in new furniture, fixtures and equipment to relocate the company’s current headquarters.

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  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization