Charlotte City Council awarded salty-snack maker Frito-Lay $1.2 million worth of incentives Monday to expand a warehouse and distribution center in southwest Charlotte.
The company, a subsidiary of Pepsi, has said it plans to invest $74 million in the plant, generating 30 to 35 new jobs by 2018. The facility employs 563 workers now.
Under the agreement, Frito-Lay will be refunded 90 percent of its property taxes for five years, until the total reaches $3.3 million. Council member Kenny Smith, a Republican, was the lone vote against the incentives. Charlotte will pay $1.2 million, while Mecklenburg County will pay the remaining $2.1 million.
The average wage of the new jobs will be $50,000, Frito-Lay representatives said. That’s just above the county’s average wage of $46,820.
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Mecklenburg County commissioners are set to vote on their half of the deal next month. Frito-Lay has told the city that the plant’s expansion is contingent on receiving the tax incentives.