Urban Outfitters Invests $200 Million To Expand Facilities In Philadelphia And Gap, Pennsylvania
Area Development Online News Desk (10/07/2013)
Urban Outfitters, Inc. plans to expand two of its major production centers, one at its Philadelphia Navy Yard headquarters and another in Gap, Lancaster County, Pennsylvania, creating at least 2,500 new jobs.
Urban Outfitters’ expansion plans consist of two separate components: a headquarters expansion at the Philadelphia Navy Yard and construction of an east coast direct-to-consumer fulfillment center in Gap, Lancaster County. Overall, the firm will invest more than $200 million in both projects that are projected to create at least 500 new jobs in Gap and 2,000 new jobs in Philadelphia upon completion.
“On behalf of our customers, employees and shareholders, I thank Governor Corbett for his personal involvement in these projects,” said Richard A. Hayne, Chairman, President and CEO, Urban Outfitters. “Our company has had a history of success in Pennsylvania and these projects will provide the additional infrastructure necessary to achieve our corporate growth objectives for years to come.
“Governor (Tom) Corbett’s commitment and leadership was evidenced by his administration working with numerous local and regional economic development agencies. There was seamless support and unified effort with his leadership at the top. We look forward to URBN’s continued rapid growth and the resulting increase of the number of jobs for Pennsylvanians,” Hayne added.
“Founded in University City more than 40 years ago, Urban Outfitters is a true success story that continues to grow and create new jobs,” Lt. Governor Jim Cawley said. “Today, Governor Tom Corbett and I not only recognize the success and growth of a Pennsylvania-founded firm, we celebrate the 2,500 jobs that will be created in Philadelphia and Gap.”
Urban Outfitters will be eligible to receive Keystone Opportunity Zone benefits at both the Philadelphia Navy Yard and the site in Gap for a period of 10 years. The City of Philadelphia and the Philadelphia School District approved the extension of an existing KOZ. The Lancaster County Commissioners, Salisbury Township Board of Supervisors and Pequea Valley School District approved the designation of a new, KOZ in Gap. KOZs offer developable sites with either greatly reduced or eliminated state and local taxes.