Target Corp. will establish an e-commerce fulfillment
center in West Manchester Township, York County, creating more than 250 new
jobs initially.
The company received a funding proposal from the
Department of Community and Economic Development including $512,000 in job
creation tax credits and $115,200 for guaranteed free training that will be
used to train the expanding workforce. It also received a Local Economic
Revitalization Tax Assistance designation for the warehouse it plans to lease
at 325 S. Salem Church Road.
The company plans to expand the existing
624,800-square-foot Class A bulk warehouse/distribution facility that was home
to American Signature Furniture by about 160,000 square feet. With the
estimated $8.5 million investment in the expansion, Target would invest more
than $52 million in capital improvements at the site.
The LERTA would provide a 10-year tax abatement on the
value of the expansion. The property is owned by 325 Salem Property LP.
Endurance Real Estate Group LLC of Bala Cynwyd, the property management firm
and a part owner of the property, worked with the York County Economic Alliance
to shepherd the LERTA request through the various taxing bodies. The York
County commissioners, West Manchester Township supervisors and the West York
Area School Board had to agree to the request.
"It's a great day in York County," said YCEA
President and CEO Darrell Auterson, who added that his team had been working
with Target's consultant for months to land the facility.
He said the quality and number of jobs coming from the
project will be a big boost to the York County economy.
"I think it demonstrates our logistical location is
really in the sweet spot for the Mid-Atlantic and North East."
Mike Robbins, Target’s senior vice president of
distribution, cited the location as a reason for the company picking York
County.
“With more than 60 stores and a regional distribution
center in Pennsylvania, we serve many Target guests in the state and already
know that Pennsylvania is a great place to do business,” he said in a news
release from DCED. “Today, we are excited to expand our presence in
Pennsylvania, and we look forward to serving our guests throughout the state
and across the region even more quickly and efficiently from this new online
fulfillment center in York.”
The facility will be managed by a third-party vendor,
Genco. Hiring for the new facility is to begin in the coming months, and the
fulfillment center is to be operational around mid-year, DCED spokeswoman
Lyndsey Kensinger said.
The York County location was one of two being considered
by Target, whose identity was kept secret during the LERTA discussions. At
public meetings, the company was known as Project Pegasus. It is not known what
other location was being considered.
"We'd like to know who our stiffest competition
was," Auterson said.
Source: Central
Penn Business Journal
No comments:
Post a Comment