Sprouts Farmers Market Invests $10 Million in Higher Pay and More Benefits Thanks to GOP Tax Cuts

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Posted by Andreas Hellmann on Thursday, October 18th, 2018, 10:56 AM PERMALINK

With help from the GOP tax cuts, Sprouts Farmers Market, with headquarters in Phoenix and over 280 retail locations, raised wages and enhanced employee health care and parental leave benefits.

As noted by CEO Amin Maredia:

To ensure we remain in a leadership position to attract the right talent, we will further invest in our team members by improving pay and improved benefits, such as healthcare and expanding maternity leave. We will invest an additional $10 million, or approximately one-third of our tax savings, for our team members in 2018. The investments will be strategically aligned to our long-term strategy of health, value, selection, and service.  

The very first Sprouts Farmers Market opened in Chandler, Arizona in 2002. Now, Sprouts employs more than 27,000 individuals in 15 states from coast to coast.

See also: over 700 examples of tax cut good news -- raises, bonuses, benefit increases, utility rate reductions, business expansions

Photo Credit: Kelly Sims

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