Dollar Tree Plans Distribution Complex in Ocala, Florida
01/14/2020
Kevin T. Sheilley, President and CEO of the Ocala-Marion County Chamber and Economic Partnership tweeted, “The Florida Crossroads Commerce Park has its first tenant and it is a great one. Dollar Tree will construct a 1.7 million sq. ft. distribution center creating 700 new jobs. This park has another 800 acres of industrial and 300 acres of commercial, so now is the right time to join us in the Ocala Metro.
According to Ocala News.com, Sheilley said “the local area had at one point fallen out of the running for the distribution center. But the powers-that-be at Dollar Tree were swayed to reconsider through workforce programs and cooperation between Marion County Public Schools, Marion Technical College, and the College of Central Florida.”
The project, located off County Road 484 near Interstate 75, is estimated to generate up to $20 million in tax revenue over 20 years. Ocala News reported the center will be the largest distribution facility in the county and one of the largest in the Sunshine State since the then-K-Mart center was built in 1990.
Marion County commissioners offered Dollar Tree a $9.9-million incentive package. The company will receive $3 million in the first phase of the project, which requires construction of a facility of at least 500,000 square feet. Up to $6 million will follow in the second phase, when the company adds a facility encompassing up to 1 million square feet. The remaining $900,000 in incentives is coming through credit for transportation impact fees and permit fees related to the project. The company must create at least 255 jobs with an average salary of $42,250, though reportedly seeks to create 695 jobs over the next 36 months.
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023