Business & Tech
City And County Considering Financial Incentives For Shipt
Birmingham's golden start-up, Shipt, may get more than $2 million in incentives from Birmingham and Jefferson County to stay in Birmingham.
BIRMINGHAM, AL - Birmingham and Jefferson County are each looking at ways to keep one of the city's most successful start-ups in the Magic City - including offering financial incentives to the company.
According to a report by the Birmingham Business Journal, the city and county will soon consider incentive packages totaling nearly $2.5 million for Shipt, the grocery delivery service that has taken off since opening in Birmingham in 2014. Shipt was acquired by Target last year for $550 million.
(For more updates on this story and free news alerts for your neighborhood, sign up for your local Patch morning newsletter.)
Find out what's happening in Birminghamfor free with the latest updates from Patch.
According to public notices, the Birmingham City Council on July 10 will consider $1.762 million in incentives through the city's new Talent Investment Program, Talent Acceleration Program and Talent Optimization Program.
Jefferson County on July 12 will consider $720,000 in incentives also aimed at keeping and growing the headquarters of Shipt which is currently headquartered in the John Hand Building.
Find out what's happening in Birminghamfor free with the latest updates from Patch.
Photo Courtesy of Getty Images/Gustavo Caballero
Like the Birmingham Patch Facebook page for more local news.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.