CHAPEL HILL, N.C. (WNCN) – The Chapel Hill Town Council unanimously approved on Monday night offering food market chain Wegmans an economic incentive deal tied with Orange County.
Wegmans, headquartered in New York, plans to open a location along U.S. 15-501 after the previous tenants, Performance AutoMall, relocate.
The council heard a presentation about the economic incentive agreement that would hold Wegmans to certain performance-based benchmarks including bringing a certain amount of jobs.
One council member described the agreement as a “rebate” plan.
The council questioned a Wegmans representative at the meeting. The representative said that the chain did have a plan to open a location on the east side of Cary. The representative said it had two secured leases and no economic incentives were offered in Cary. Other locations were being considered.
Wegmans could bring over 250 jobs to Chapel Hill in its first year. The plan would include adding 350 full and part-time jobs by its fifth year.
The economic incentive deal will go before the Orange County Board of Commissioners on Tuesday night.