"With financial assistance provided by the city, Cielo Supermarket will come to Highland Square Shopping Center next summer in an effort to provide relief to nearby residents who have been left without a neighborhood grocery store since 2019. The family-owned business is expected to occupy about half of the 58,000-square-foot commercial space that has been vacant for the past six years since the closure of Food Source."
"The city has agreed to offer an incentive package totaling $120,000. The Pittsburg City Council on Monday unanimously approved the effort, which included $77,500 in city permit fee waivers and a $42,500 quarterly sales tax rebate remitted at 50% of the supermarket's quarterly revenues. City staff estimate that the sales tax rebate will be paid within two years of the business opening."
Cielo Supermarket will open at Highland Square Shopping Center next summer to restore grocery access for residents who have lacked a neighborhood store since 2019. The family-owned business will occupy about half of the 58,000-square-foot commercial space vacant since Food Source closed. Pittsburg approved a $120,000 incentive package including $77,500 in permit fee waivers and a $42,500 quarterly sales tax rebate paid at 50% of quarterly revenues; staff estimate the rebate will be paid within two years. The building permit fee credit will be funded by a transfer from the Pittsburg Power Company. The project cost is $6.2 million, and Cielo is expected to create 70 full-time, 20 part-time, and 65 construction jobs.
Read at www.mercurynews.com
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