Agenda - 10-18-2016 - 5-b - Public Hearing Regarding an Economic Development Incentive for Wegmans Food Markets, Inc., and Interlocal Agreement Between Orange County & Chapel Hill

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Attachment 5 75,2. 37 -ll.) mesas WEGMANS FOOD MARKETS, INC.: AN OVERVIEW Wegmans is a regional supermarket chain with 91 stores:46 in New York, 17 in Pennsylvania, seven in New Jersey, nine in Virginia, eight in Maryland, and four in Massachusetts. It is one of the largest private companies in the U.S.: • Over 46,000 employees • Annual sales in 2015 of$7.9 billion • 33rd on the 2015 Supermarket News list of the Top 75 Supermarkets based on sales volume OWNERSHIP AND MANAGEMENT: Wegmans is a family-owned company,founded in 1916, headquartered in Rochester NY. Danny Wegman is CEO;Colleen Wegman, his daughter, is president. Danny's daughter Nicole Wegman is sr.vice president. Robert Wegman, Danny's father, was chairman until his death in April 2006. OUR FOUNDERS: Brothers Walter and John Wegman (Robert Wegman's father and uncle) learned the food business by working in their parents' store in Rochester. John peddled fresh produce from a pushcart, and in 1916, he opened the Rochester Fruit& Vegetable Company,which marks the beginning of Wegmans Food Markets.Walter joined him a year later. Robert Wegman assumed leadership of the company in 1950,guiding it until his death in 2006. DISTINCTIONS: • Ranked#4 on FORTUNE magazine's 2016 list of the 100 Best Companies to Work For.Wegmans has been on the list every year since it first ran in 1998, and in 2005, ranked#1. • Ranked#5 on FORBES magazine's 2016 list of America's Best Employers. • Dubbed America's Favorite Supermarket in 2016 based on a consumer study by Market Force Information. • Wegmans raises the bar on the shopping experience:the best quality; a spectacular abundance of choice; restaurant- quality prepared foods; beautiful stores and displays; and a nearly telepathic level of customer service. • In 2015, more than 4,000 people contacted Wegmans asking for a store in their community.Another 7,300 wrote to say how much they like shopping at Wegmans or appreciate the way Wegmans employees treat them. • Consistent low prices on the items families buy every week.Wegmans also offers the choice of Family Pack size on products throughout the store to save time and money—30%or more compared to regular size. • Exceptional levels of charitable donations focused on programs that reduce hunger; help young people succeed; promote healthy eating and activity; strengthen neighborhoods; and support United Way initiatives. Last year, Wegmans donated about 13.5 million pounds of food to local food banks and programs that feed the hungry. • Strong employee benefit programs, including an employee scholarship program that provides$4.5 million in tuition assistance to employees each year.Wegmans has awarded $105 million in scholarships to more than 33,000 employees since this program began in 1984.