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has 345 employees at its U.S. headquarter in Palm Beach Gardens. The job growthy incentive proposal would give thecompany $40,000 in county funds for keeping those jobs and addingv and maintaining 50 more. Those positione would pay an average annual salar yof $62,500, excluding benefits. The measure now heads to the which could awardTBC Corp. an additiona $160,00 to meet those goals. The expansionm also is contingent ona $50,000 grant from the City of Palm Beacg Gardens. The city will consider the requesrton Thursday. Charlie Zacharias, TBC Corp.
’s senior vice president of real estate and said the company would wait until it hears back from Floridwa on the offer before deciding whethedr to expand here or in other TBC Corp. also has offices in Memphis, near Denver; outside of Philadelphia and near Atlanta that could host itsexpanded headquarters. “Thes other states are offering incentives,” Zacharias said. “We are waitinv to see what the consolidatedc packages are before we makea decision.” Palm Beacyh County has some advantages, including the fact that TBC Corp.’xs workforce already is basede here, he said. However, the other cities have a cheaper cost of and recruitingis easier.
The incentivse deal could mean the difference between keeping TBC there and losing it to another saidKelly Smallridge, president of the , whichn helped arrange the deal. Her office estimatezs the deal would havea $10.7 million economic impact. “This is exactly the type of operation we have been Smallridge said. “We are really excited about landinvg this corporate headquarters and adding it to ourimpressivr portfolio.” If TBC Corp. chooses to expanc in Palm Beach County, it would increase its totapl office space therefrom 60,0009 square feet in four buildingsa to 80,000 square feet in two buildings, Zacharia s said.
It would stay in its Juno Beach office and look foranother 30,000-plus square feet, he said. TBC Corp. is a subsidiar y of Japan-based According to its Web site, TBC Corp. has its privater brands officein Memphis, Tenn.; its office in Colo.; and its Treadways office in Eagleville, Pa. Tire Kingdom has more than 600 storesand 7,000 It also operates under the namesa Merchant’s Tire and Auto Centers and Big O Tires is a franchiser with more than 500 Its subsidiary operates 38 warehouses that distribute tirezs to more than 10,000 retailers. The private brands divisionn ofTBC Corp.
manufactures tires under the namezs Multi-Mile, Cordovan, Sigma and
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