Pepsi Bottler To Accept Incentives, Keep HQ In NY

WHITE PLAINS, N.Y. (CBSNewYork/AP)PepsiCo Inc.’s bottling division said it will keep its headquarters and about 860 jobs in New York’s Westchester County at least through 2015.

Pepsi Beverages Co. was taking advantage of millions of dollars in economic incentives from the county and the state to stay in Somers, N.Y.

Westchester County Executive Rob Astorino said Thursday that the company had been aggressively wooed by Connecticut.

He said the company will expand into the full 540,000 square feet of its building, from 390,000 square feet. It has an option to extend its lease for an another five years.

Gov. Andrew Cuomo issued a statement hailing the agreement and saying it illustrates New York’s appeal to global corporations.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

  • Joe

    That’s good they get a big tax break that us middle class homeowners will pay for the money has to come from someplace us something is wrong in this state we can’t even get a property tax cap and they get millions in incentives

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