Under a deal that PepsiCo has with the Westchester County Industrial Development Agency, PepsiCo is supposed to keep 1,100 “full-time equivalent” jobs at its Purchase campus at 700 Anderson Hill Road, but last month the IDA’s board members were informed at their monthly meeting that PepsiCo’s representatives have inquired about lowering the guarantee to 1,000.
Earlier this year state and local officials announced that PepsiCo would keep its headquarters in Westchester County in exchange for $4 million in state Excelsior tax credits, plus an estimated $6 million sales tax break from the IDA, as well as a 15-year payment-in-lieu-of-taxes agreement with the Town of Harrison.
PepsiCo estimated in its IDA application that the approximate $243 million renovation project would create 500 unionized construction jobs for two and a half years — or 1,250 jobs by PepsiCo’s math.
After the September 12 IDA meeting, The Journal News filed a Freedom of Information Law request seeking copies of any request for a jobs-number reduction.
Jim Coleman, the IDA’s executive director, said the PepsiCo has not filed any formal request for a jobs-number reduction.
“Right now they’re sticking to what they agreed to,” Coleman said.
PepsiCo spokesman Jeff Dahncke said the corporation is “deeply committed” to Westchester County, where it employs more than 3,000 people across multiple locations.
“The financial incentives associated with this project deal primarily with sales tax exemptions on capital investments we’re making in the community, which are proceeding as planned and on track to create 1,250 local construction jobs. The updated employment number for the Purchase site simply reflects our desire to have greater flexibility to locate positions throughout our Westchester locations as needed,” Dahncke wrote in an email on October 9.
In 2012 PepsiCo earned $6.5 billion on $65.6 billion in sales.