Friday , February 23 2024

Fresno City Council Approves Incentive Deal For Gap Inc. E-Commerce Facility

The Fresno City Council has approved a tax incentive deal with retailer Gap Inc. that would move the company’s e-commerce fulfilment center to Fresno. City officials say the deal could result in as many as 500 new jobs. The thirty year deal rebates the company $ 15,000 for every full-time job it creates, once it hits the 500 job threshold. The money would come from sales tax collected on items purchased from the facility, which would be housed in Gap’s existing warehouses near Fresno Yosemite international. It could be worth as much as $ 10 million. Fresno City Councilmember Garry Bredefeld said this deal, combined with e-commerce centers for Amazon and Ulta Beauty will give Fresno’s economy a boost. “The best way to lift somebody up, give them a job. There’s pride with a job. There’s an ability to be self-reliant, they have the potential to own a home, invest in their community, pay property taxes, pay sales taxes,” said Bredefeld. However, not everyone was as enthusiastic about the

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