July 27, 2012

Dollar Tree shakes CT for $27M for Windsor build

Discount retailer Dollar Tree's plan for a one-million-square-foot, $104 million distribution center that permanently employs 200 in Windsor is getting a boost from the state, authorities say.

Gov. Dannel P. Malloy announced Friday that the state will be kicking in up to $27 million in loans, grants and tax credits to help get the project off the ground.

Dollar Tree will invest $96.3 million in the project, while the state will provide a $7 million forgivable loan and a training grant of up to $500,000. In addition, the company is eligible for up to $20 million in reinvestment tax credits.

Construction on the distribution center is due to start immediately and will create more than 425 construction jobs over the next 12 months, officials said.

The distribution center will supply Dollar Tree's stores across Connecticut, New York, New Hampshire, Vermont, Maine, Massachusetts and Rhode Island,

Comments

Type your comment here:

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll Will a Trump administration be good or bad for CT's economy?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media