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Article: Rite Aid Corporation Announces Creation of New Local Jobs and Expansion of Headquarters Facilities.
- Article from:
- Business Wire
- Article date:
- February 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Awarded $1.45 Million in State Assistance to Help Fund Corporate Expansion For Pending Brooks Eckerd Acquisition
CAMP HILL, Pa. -- Rite Aid Corporation (NYSE:RAD) announced today that the Pennsylvania Department of Community and Economic Development has awarded $1.45 million to the company to help fund at least 350 new jobs, expansion of headquarters facilities in Cumberland and York Counties and new associate training programs. The grants are to help Rite Aid prepare for its pending acquisition of approximately 1,850 Brooks and Eckerd drugstores and six Brooks and Eckerd distribution centers.
The funding includes a $500,000 Opportunity Grant to ...