Dollar Tree To Build $104 Million Distribution Center In Windsor, Connecticut
"The state is supporting the project with a loan, training grant and tax credits," Gov. Dannel P. Malloy said. "This new distribution center, with its 200 new jobs and nearly $100 million in private capital investment, could have been located in New York or Massachusetts. Dollar Tree's decision to invest and grow here is a positive sign that we are once again making Connecticut a competitive place to do business."
Construction, which will begin immediately on International Drive and Stone Road, is expected to create more than 425 construction jobs over the next 12 months.
Upon completion, the new facility will service the company's stores across Connecticut, New York, New Hampshire, Vermont, Maine, Massachusetts and Rhode Island. In addition, the facility is expected to generate significant incremental tax revenues to the community.
"We evaluated several potential sites for this facility," said Bob Sasser, Dollar Tree President and Chief Executive Officer. "The Windsor site was our first choice because of the availability of skilled workers, accessibility to highways and the support of our efforts from Governor Malloy as well as other state and local representatives."
"The Dollar Tree project in Windsor is great news, both in terms of the jobs it will create and the new investment it will bring to Windsor and the Hartford region," said Oz Griebel, President and Chief Executive Officer of the MetroHartford Alliance. "Our Competitiveness, in both the region and the state, depends on our ability to be a proactive partner with the private sector and create a business environment in which we can attract large-scale projects like this one."
As an incentive the Community Development will provide a $7 million loan at 1% for 10 years, with potential loan forgiveness based on the number of jobs created and a training grant of up to $500,000. In addition, the company is eligible for up to $20 million in Urban and Industrial Sites Reinvestment Tax Credits.
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