Mission Produce, an avocado distributor based in Oxnard, California, is rewarding employees in response to the ongoing effects of the Tax Cuts and Jobs Cuts Act of 2017. Mission’s President and CEO Steve Barnard said from the outset of the changes he was able to give “all our U.S.-based employees a US$1,000 bonus.” Moreover, Mission said it has been able to implement a new pay scale for their many seasonal employees, increasing hourly wages by up to US$2 an hour as result of increased profit from lower taxes. He said “it’s only fair that we share the benefits that tax reform will have on our business with our valued employees.”
Beyond their employees, Mission is using this extra money to invest in their business and as a result the U.S. economy at large. Barnard stated that he plans to invest the tax savings in new facilities and technology to create opportunities for the company. Tracy Malmos, Mission’s chief people officer added “We are expanding production and distribution facilities across the United States and investing more at home than internationally. We recognize the hard work done by Congress in passing this landmark reform.”
Mission’s story, and thousands more like it, are evidence of the lasting success of the TCJA. These historic tax reforms are changing the lives for Americans across the country and are leading to higher wages, strong businesses and continued investment on our soil.