New Distribution Center In Windsor Will Create

200 Jobs

HARTFORD — On July 27, Governor Dannel P. Malloy announced that Dollar Tree, Inc, which recently acquired a site in Windsor, will build a one-million-square-foot, $104 million distribution center and hire a minimum of 200 people within the next five years. The state is supporting the project with a loan, training grant, and tax credits.

“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 Malloy. “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 on the project in Windsor will commence immediately. This phase of the project is expected to create more than 425 construction jobs over the next 12 months. Upon completion, the new facility — the company’s tenth distribution center — 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.

Dollar Tree is the nation’s leading operator of variety stores selling everything for one dollar or less. The company has annual sales of more than $6 billion and more than 4,400 stores located across all 48 contiguous states, as well as Canada.

The stores are supported by a logistics network of nine company-owned distribution centers located from coast-to-coast. The company’s headquarters is in Chesapeake, Va.

Leveraging company funds of $96.3 million, the Department of Economic and Community Development (DECD) will provide a $7 million loan at one percent for ten 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 & Industrial Sites Reinvestment Tax Credits.