Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 21-R65, Approving a packet of economic incentives for Cheney Brothers, Inc.; Providing for conflicts; Providing for severability; and Providing for an effective date.
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Submitted By: Elijah Wooten, Business Navigator
Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.
Executive Summary (General Business): Cheney Brothers, Inc. is a new to Port St Lucie company seeking to establish a regional food wholesale and distribution facility. The proposed facility would service the food industry in Florida.
Presentation Information: A brief presentation will be provided by Elijah Wooten (Business Navigator) and Pete Tesch (President, St Lucie Economic Development Council).
Staff Recommendation: Move that the Council approve the packet of economic incentives for Cheney Brothers, Inc.'s expansion.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the packet of economic incentives for Cheney Brothers, Inc.'s expansion.
2. Move that the Council not approve the packet of economic incentives for Cheney Brothers, Inc.'s expansion and provide staff direction.
Background: Founded in 1925, Cheney Brothers, Inc. is a 4th generation privately held company with annual revenues of $2 billion. The company has 2,900 employees and has 13 facilities totaling 2 million square feet in the Southeast United States. They distribute food products domestically and export to 120 countries internationally.
Issues/Analysis: The food industry was impacted by the pandemic during 2020. With the increase in vaccinations and the decline in new COVID-19 cases, public gatherings at restaurants, sporting events and theme parks have increased, which is a positive improvement for food distribution companies. Cheney Brothers, Inc. will acquire a 52-acre parcel within Legacy Park at Tradition and build a 427,000 square foot food wholesale and di...
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