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 Corpus Christi, 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, according to the Corpus Christi Caller Times.
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, the report said.