Early drawings for the warehouse that is expected to house a new Pepsi warehouse in Claymont
CLAYMONT — Pepsi plans to ask the Council on Development Finance for nearly $2.9M in grant funding to “Pepsify” a 359,000-square-foot warehouse as part of the multi-use First State Crossing development at the site of the former Evraz Claymont Steel plant, according to documents obtained from the state following a Freedom of Information Act request.
The application says PepsiCo Beverage Sales, the wholly-owned subsidiary of PepsiCo Inc., needs to expand its warehousing operations in Delaware to serve customers in the Northeast United States. It has outgrown its current facility on Governor Printz Boulevard. The new warehouse will be across Philadelphia Pike from the new train station in Claymont.
The $2,887,000 in grant financing includes a Capex grant of $1.86M (representing 3 percent of the $62 million in capital expenditures). It also includes a $1,027,000 performance/retention grant tied to retaining all 216 existing Delaware-based employees and moving them to the new warehouse at 4145 Philadelphia Pike next year and adding 77 net new jobs from its existing Pennsylvania and New Jersey locations for a total of 293 jobs by 2027.