FedEx Exploring Millions In Tax Exemptions, Public Funds For Allen Township Megahub

Map of Pennsylvania highlighting Northampton County (Photo credit: Wikipedia)

FedEx has explored pursuing $25.3 million in tax exemptions for the massive distribution plant it is considering building in Allen Township.

The international shipping company has projected $2.53 million in annual tax breaks between 2017 and 2026 if a special tax zone is established on the 253 acres, according to company documents obtained by lehighvalleylive.com.

But those exemptions would require the creation of a Local Economic Revitalization Tax Assistance — or LERTA — zone, which would require approval from the township, county and Northampton Area School Board.

FedEx spokesman David Westrick declined to comment on the Allen Township proposal because the project is still only under consideration by the company.

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2014/02/fedex_exploring_millions_in_ta.html

No Wegmans Stores On The Horizon For Berks County

Wegmans Food Markets (Photo credit: Wikipedia)

Berks County is in the cross hairs of grocery retailer Wegmans, but somehow the ninth-largest county in Pennsylvania has never been the target.

Now Berks falls between a new distribution hub in Schuylkill County and some of its stores.

This spring, the Rochester, N.Y., upscale grocer opened the $70 million warehouse in Cass and Foster townships, Wegmans’ third and largest warehouse in Schuylkill.

The company said in May that the move completes a distribution hub for fresh and frozen foods. More than 200 new employees were hired to staff it. The distribution hub was subsidized with state incentives of $731,650 in opportunity zone and job training money and job creation tax credits.

Read more: http://readingeagle.com/article.aspx?id=394286