Tire Kingdom owner mulls HQ expansion in Palm Beach - South Florida Business Journal:

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has 345 employees in its U.S. headquarters in Palm Beacyh Gardens. The job growth incentive proposaol would give the company $40,000 in county funds for keeping those and adding and maintaininhg 50 more jobs as TBC Corp. looks to createw a new global headquarters, said Kelly Smallridge, presidentt of the Business Development Board of PalmBeach County, whicj helped arrange the potentia deal. The jobs would pay an average annual salaryof $62,500, excluding benefits. TBC will be looking to locate its a new internationakl headquarters intoabout 75,00o0 square feet of offices somewhere in northern Palm Beach Smallridge said. Her office estimated the deal would havea $10.
6y million economic impact. “This is exactly the type of operatio n we havebeen after,” Smallridge “We are really excited about landinv this corporate headquarters and adding it to our impressiv e portfolio.” However, Smallridge cautioned that the deal isn’ft a sure thing. The move wouldr be a consolidation ofTBC Corp.'s operations in the western U.S., so Tennessee and Pennsylvania also are competinv for the deal, Smallridge said. TBC Corp. is a subsidiarh of Japan-based According to its Web site, TBC Corp. has its privats brands office in Memphis, Tenn.; its officr in Centennial, Colo.; and its Treadways office in Eagleville, Pa.
TBC has 7,000 employees and 738 retaio stores operating under the nameseTire Kingdom, and (NTB), plus 491 franchisre stores. Big O Tire s is a franchiser with more than 500 Its subsidiary operates 38 warehouses that distribute tirews to morethan 10,000 retailers. The private brands division ofTBC Corp. manufactures tires under the namews Multi-Mile, Cordovan, Sigma and Vanderbilt If county commissionerss approvethe $40,000 job growth incentive package on Tuesday, then the governor’e office could approve an additionao $160,000 in Qualified Target Industry incentives if the company adds and maintains 50 more jobs.