Susser Surpasses Jobs Goal
Town & Country acquisition helps it meet number required by incentives deal
CORPUS CHRISTI, Texas -- The company that operates the Stripes convenience store chain has surpassed the number of jobs it was required to add and retain in Corpus Christi, Texas, in exchange for local incentives, according to a report by The Caller. Two years ago, the city of Corpus Christi offered Susser Holdings Corp. a $640,000 grant if it invested $3 million into a new building, retained 216 jobs in the community and added 47 more, said the report.
The opportunity was timed well for Susser, the newspaper said. The company had recently purchased Town & Country [image-nocss] Food Stores, a West Texas c-store chain, and was considering consolidating its four Corpus Christi offices into one building. It accepted the city's five-year agreement.
Susser bought an old Wal-mart store. At that site, the company surpassed its requirements in the first year, adding 72 jobs to the city in 2009. All of the jobs were corporate, with the majority coming from Town & Country, Chip Bonner, executive vice president for Susser Holdings, told the paper.
During a City Council meeting, Regional Economic Development Corp. CEO Roland Mower praised the company for surpassing its portion of the agreement. Offering incentives to existing companies is an important tool for retaining and growing jobs, he told the council, citing the departure last year of Whataburger Inc.'s headquarters from Corpus Christi to San Antonio.
"We want to encourage companies that are already here," he said. "We don't want to see what happened with Whataburger happen here again."
Corpus Christi, Texas-based Susser Holdings is a third-generation, family-led business that currently operates 511 c-stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in 290 of its stores, primarily under the proprietary Laredo Taco Co. and Country Cookin' brands. The company also supplies branded motor fuel to approximately 375 independent dealers through its wholesale fuel division.
( Click here for previous CSP Daily News coverage of Susser and its purchase and integration of the Town & Country brand.)