Allsup’s, one of New Mexico’s largest privately-owned companies, announced today that all full-time, non-executive employees that have been employed at least one year with the company prior to 2018 will receive a $1,000 one-time bonus as a result of the recent Tax Cuts and Jobs Act passed in December 2017.
The new tax reform legislation provides tax cuts for individuals and companies and should result in positive economic growth. “Mark and I are pleased to announce this special, one-time bonus to our hard-working employees”, said Barbara Allsup, co-founder and owner with her late husband, Lonnie D. Allsup who had endorsed the plan shortly before his death.
Allsup’s operates 317 convenience stores throughout New Mexico, West Texas, and Oklahoma and employs more than 3,200 full and part-time employees. All stores are open 24-hours per day and 365 days per year. “We have what our customers want, when they want it” the late Lonnie Allsup would say. “Thanks to our loyal employees, we fulfill that promise each and every day” said Mark Allsup, President and Chief Executive Officer.