Cheney Brothers Plans $100-Million Distribution Center in FL

The Punta Gorda, FL facility will employ 300 and benefit from Florida Power and Light's special economic development utility rate.

Florida Power and Light’s special discounted economic development rate will help Cheney Brothers Inc. launch a $100 million distribution center in Charlotte County. The center will eventually employ about 300 people when it’s fully operational.

Cheney Brothers is in the process of purchasing 35 acres right off I-75 in Punta Gorda, for the new facility, which will serve customers from Marco Island through the Tampa Bay area.

“We need all the help from all the partners we can get, whether it’s our customer partners or our vendor partners, like Florida Power & Light,” said Bill Foley, President of Cheney Brothers, which is headquartered in Riviera Beach, Fl.

Businesses in FPL’s service territory already benefit from electric bills that are among the very lowest in the state and well below the national average.

FPL’s economic development rates provide an additional benefit to new or expanding businesses that expand their electric demand by at least 350 kilowatts and create at least 10 new jobs.

“We’re pleased to play a role in Cheney Brothers’ expansion. FPL’s economic development rate provides an incentive to companies that agree to move to Florida or expand their operations here and create new jobs for Floridians,” said Lynn Pitts, FPL Director of Economic Development.

“The discount we get from Florida Power & Light is essential. Along with fuel, our electric bill is probably our next biggest expense that we have at Cheney Brothers. So that discount helps us out initially and in the long-run also,” Foley said.

The economic development rate is designed to be an incentive that will encourage new investment and job creation in Florida.

 

Daily News, Economic Development

Sponsored Content
Featured Location

Location Spotlight: Explore Minnesota

With a diverse economy built on industry-leading companies, thriving small businesses, high innovation rates, world-class infrastructure and a skilled, educated, and engaged workforce, there’s room for everyone to thrive.

Featured Video

Webinars, Podcasts & Videos

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Business Benefits In Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

See what leaders at Polar Semiconductor believe are the key benefits of doing business in Minnesota.

Business Benefits In Minnesota, a Polar Semiconductor Perspective

Minnesota is a place where the stars align — geography, culture and institutions – to create an unmatched economic landscape. See what leaders at Polar Semiconductor believe are the key benefits of doing business in Minnesota.

Share to...