From
Marty Wieder
Title
Resolution granting 380 Incentive Agreement with U.S. Auto Parts Network, Inc. to rebate 50% of the $.01 documented general sales tax revenues up to $50 million and an additional 25% on sales above $50 million for 7 years
Presenter
Marty Wieder, Director of Economic Development
Recommended Action
Approve
Analysis
U.S. Auto Parts Network, Inc., a publicly traded (NASDAQ) company with a corporate headquarters in Torrance, California, has been evaluating locations to add a sales and distribution facility in the Texas market.
A leading “pure play” internet retailer of automotive aftermarket parts, U.S. Auto Parts Network’s offerings include collision, engine and performance parts and accessories. U.S. Auto Parts offers more than one million high-quality private label and branded aftermarket products. Through a well-established network of websites, U.S. Auto Parts reaches roughly 10 million online customers per month - while also providing do-it-yourself (DIY) customers with a broad selection of competitively priced products, all mapped by a proprietary database based on vehicle makes, models and years.
Moreover, U.S. Auto Parts’ on-line websites provide customers with a broad selection of stock keeping units ("SKUs"), with detailed product descriptions and photographs, and principally sells products to individual consumers through their network of websites and online marketplaces. Through
, the Company educates consumers on the maintenance and service of vehicles. Flagship consumer websites are located at
,
,
and the corporate website can be found at
.
Economic Development staff has been in negotiations with U.S. Auto Parts’ Corporate California executives to locate its new Texas operations in Grand Prairie. Company officials made it clear they were considering fulfillment center spaces g...
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