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
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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