ASTORIA, OR (Mar. 4, 2020) – Ryan, a leading global tax services and software provider, helped Astoria Co-op secure low-interest loans through New Markets Tax Credits, resulting in forecasted sales growth from $3.6 million to more than $7 million. The incentives are expected to almost quadruple the grocer’s total square footage from 3,100 to 11,600 and more than triple its retail space from 2,100 to 6,800 square feet.
The incentive also benefits the less than 10,000 residents of Astoria, Oregon, where fresh or organic produce and protein selections are difficult to find. Many residents travel across the Columbia River to Warrenton to purchase these items from big-box grocers.
“Since 2009, we have experienced positive sales growth every year, have become a staple in this community through years of service, and added 30 living-wage jobs to our small town,” said General Manager of Astoria Co-op, Matthew Stanley. “Our facility at 14th and Duane was no longer feasible for our growth to serve our community. Without Ryan’s ability to connect us to low-cost capital with favorable terms, this project would have simply not been possible.”
“Our purpose is to liberate clients from the burden of being overtaxed, freeing their capital to invest, grow, and thrive,” said Principal and Practice Leader of Credits and Incentives, Sharon Welhouse. “Working with our client, Astoria Co-op, we were able to deliver the capital needed to give local residents access to healthier organic grocery options, while supporting growth and sustainability in the Astoria community.”
Astoria Co-op’s relocation to a much larger location in town will create additional jobs, impact the local economy, and create a positive impact on community health by availing more fresh fruits and vegetables to residents.
According to its Business Expansion Plan, Astoria Co-op will continue to work with the National Cooperative Grocers (NCG) to plan the physical facility, appropriate organizational changes, and merchandising strategies. Financing was provided to both the Astoria Co-op and its developer Astor Venture LLC by Local Initiatives Support Corporation (LISC).
À propos de Ryan
Ryan, est un fournisseur mondial primé pour ses services et logiciels fiscaux. La société représente actuellement le plus grand cabinet au monde spécialisé exclusivement en fiscalité des entreprises. Le cabinet offre une gamme intégrée de services fiscaux fédéraux, provinciaux et internationaux sur une base multinationale, incluant des services de recouvrement fiscal, de conseil, de défense, de conformité et de technologie. Ryan a été récipiendaire du prix international pour l’excellence de son service, décerné par le Customer Service Institute of America (CSIA) à 11 reprises, pour son engagement envers un service à la clientèle de classe mondiale. Grâce à l’environnement de travail dynamique myRyan, largement reconnu comme le plus innovateur du secteur des services fiscaux, l’équipe multidisciplinaire de Ryan, qui compte plus de 4 800 professionnels et associés, dessert plus de 30 000 clients dans plus de 80 pays, dont un grand nombre de sociétés font partie du classement Global 5000. Pour de plus amples renseignements sur Ryan, visitez https://ryan.com/canada-fr/.
PERSONNE-RESSOURCE POUR LES MÉDIAS
Melodie Elliott
Première directrice, contenu et communication marketing
Ryan
+1 972.934.0022
melodie.elliott@ryan.com
- Sujet
- Sharon M. Roberts