Tractor Supply Company Begins Construction on Frankfort, New York, Distribution Center
The Company plans to invest more than $75 million to construct the 930,500 square-foot facility and create 350 new jobs over the next six years in the Mohawk Valley. In addition to the initial construction, the Company will have the potential to expand this facility to over 1.2 million square-feet at a later date.
"The addition of a new distribution center in the Northeast is essential to Tractor Supply's continued store growth in this region, as well as our online fulfillment capabilities," said Greg Sandfort, CEO of Tractor Supply Company. "We appreciate the hard work of the local and state officials who are assisting us through the process. The Mohawk Valley has an excellent workforce, and we look forward to a very long and productive partnership with the local community."
In order to encourage Tractor Supply Company to establish its northeast distribution center in Herkimer County, Empire State Development has offered up to $3 million in performance-based Excelsior Jobs Program tax credits, which are tied directly to the creation of 350 new jobs over the next six years. Additionally, Herkimer County is eligible to apply, on behalf of Tractor Supply Company, for up to $750,000 in Community Development Block Grant funds to be used for project costs; and the Herkimer County IDA has approved local incentives.
"We have invested more in the Mohawk Valley in six years than the region had seen in decades, and it's paying off," Governor Andrew Cuomo said. "Unemployment is down, while private sector jobs are up and we've successfully attracted Tractor Supply Company to Herkimer County, which will soon create 350 good jobs for hard-working Upstate New Yorkers. This is a huge win for Herkimer County and the entire region, and we look forward to a long, successful partnership with the company."
Tractor Supply Company was founded in 1938 as a mail order tractor parts business and has grown into the country's largest rural lifestyle retailer, with over 1,600 stores in 49 states, 25,000 team members, and annual revenues of approximately $6.8 billion.
Tractor Supply stores are located primarily in towns outlying major metropolitan markets and in rural communities, supplying basic maintenance products to home, land, pet and animal owners. The Company currently operates 77 stores and employs more than 1,000 people across New York State.
Empire State Development President, CEO and Commissioner Howard Zemsky said, "Economic development is a team sport and the State worked very hard with our local partners to attract Tractor Supply Company, and the 350 new, good jobs they're bringing to the Mohawk Valley. Governor Cuomo has us focused on Upstate New York like never before, and this is a direct result of his unwavering commitment to growing jobs and strengthening local economies."
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