In a rare development given the recent economy, Dollar Tree Inc. committed to building a $104 million distribution center totaling 1 million square feet of space in Windsor, north of Hartford.
Chesapeake, Va.-based Dollar Tree said it evaluated several Northeast sites for the facility, without providing details on any incentive packages it may have passed up.
Connecticut is supporting the project with a $7 million loan at 1 percent interest over 10 years, and made the company eligible for up to $20 million in tax credits that promote development of urban and industrial properties.
“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,” said Gov. Dannel P. Malloy, in a prepared statement. “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.”
The project is expected to result in another 425 construction jobs over the coming year.
