Jetro & Restaurant Depot $2.5M+ Incentive Package

Posted By empire On December 18th, 2019 In Uncategorized

Challenge: Jetro Cash & Carry and Restaurant Depot, the nation’s leading wholesale cash and carry grocery retailer with over 85 stores nationwide, was considering a new location in the Bronx, NY. The client was planning a $50 million, 200,000 square foot facility to service portions of New York City. They were seeking additional economic benefits from the New York City and the state


Empire’s efforts led to Jetro gaining access to over $2 million in government grants and other incentives.

Solution: Empire identified a plethora of incentives for Jetro to access and worked to develop the proper message to city and state officials in support of obtaining grant dollars. Empire developed and executed a strategy that leveraged several key economic and political issues in the Bronx as key reason to support this important project.

Result: Empire was successful in obtaining millions for the client, including state Empire Zone tax credits, $1 million loan at 3% and a $500,000 Restore NY grant.

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