Neiman Marcus Invests $11 Million in Pennsylvania Distribution Center
07/10/2012
Neiman Marcus will lease a 198,400-square-foot distribution center in Pittson, Pennsylvania, a city south of Scranton, for 10 years to accommodate its East Coast operations. The company plans to invest more than $12 million for leasehold improvements, equipment purchases and employee training.
"As governor, I am honoring my promise to bring the Pennsylvania economy back and grow private-sector jobs," said Gov Tom Corbett. "This was a competitive project that could have located in another state if not for our pro-business climate and economic development efforts."
As an incentive, the company will receive a $895,950 from the Department of Community and Economic Development, including a $375,000 PA First grant, $67,950 in job training assistance and $453,000 in Job Creation Tax Credits.
"After a long and thorough study of our future supply chain needs, we are very pleased to be opening a new East Coast Distribution Center in Pittston," said Neiman Marcus Group's Executive Vice President, Chief Operating Officer and Chief Financial Officer Jim Skinner. "The new facility is strategically located to allow us to better serve our customers and stores in the northeast. After successfully operating stores in Pennsylvania for over 15 years, we look forward to expanding our presence in the state."
The project was coordinated by the Governor's Action Team, a group of economic development professionals who work directly with businesses that are considering locating or expanding in Pennsylvania. GAT provides site selection assistance, coordinates the involvement of other state agencies as needed, and packages the appropriate economic development funding for the project.
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