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Sacramento County Giving Up $5.1 Million To Lure Macy's

  •  Bob Moffitt 
Sunday, January 11, 2015 | Sacramento, CA
  

01/28/2015 UPDATE: The Sacramento County Board of Supervisors has approved a deal with Macy's that would move the company's online-order processing center to the old Campbell's Soup plant in south Sacramento.

 

Next week, the Sacramento County Board of Supervisors will decide whether to approve a deal with Macy's that would move the company's online-order processing center to the old Campbell's Soup plant in south Sacramento.

The deal would reimburse Macy's half of the local sales tax revenue it generates -up to $5 million - within the next 10 years.

The County would also waive about $113,000 in fees -- more than half of what would normally be owed.

Lori Moss is the County's Community Development Director. She says 100 full time jobs and 75 full-time equivalent positions will be worth it.

"They're able to get some rebates from SMUD just like any other company would. They're also probably going to qualify for some employment training panel reimbursements that come from the state and that would be a job  separate agreement. That would be the same as SETA [Sacramento Employment and Training Agency] -the job-training group in Sacramento."

Macy's would forfeit some benefits if the number of full-time employees falls below a certain level.

The company says 72 of the positions will be filled by employees from its distribution center in West Sacramento, which will close.

Macy's has promised to spend $10.5 million in improvements to the property.

Hackman Capital Partners owns the site and says it will match up to half of that amount.

Sacramento County beat out bids by Texas and Arizona for the distribution center.

 


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  • Macy's To Open New Distribution Center In Sacramento

    Thursday, January 22, 2015
    The new distribution hub for Macy's will employ at least 100 people full-time and between 75 and 250 people part-time.
  • New Hope For Old Campbell's Soup Plant

    Tuesday, November 18, 2014
    The new owner of the old Campbell's Soup plant in Sacramento says letters of intent are before several businesses interested in leasing parts of the site.
  • Massive Auction At The Old Campbell's Plant

    Tuesday, February 25, 2014
    It will likely take three days to auction off all of the equipment left behind at the Campbell's Soup Plant in South Sacramento.

Bob Moffitt

Former Sacramento Region Reporter

Bob reported on all things northern California and Nevada. His coverage of police technology, local athletes, and the environment has won a regional Associated Press and several Edward R. Murrow awards.  Read Full Bio 

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