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Article: Hardware Chain to Construct Distribution Center in Prince George County, Va.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 24, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. 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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Jul. 22--PRINCE GEORGE, Va.--Ace Hardware Corp. announced plans yesterday to build a $38.5 million distribution center in Prince George County.
George W. "Bill" Bailey, the county's economic development director, said it is the largest initial corporate investment in county history.
The 778,000-square-foot distribution center is expected to create nearly 325 jobs and add more than $300,000 to the county's tax base.
The additional tax revenue is equal to a 4-cent increase in the real estate tax rate, Bailey said.
Paula K. Erickson, a spokeswoman for Ace Hardware, said the corporation considered sites in Kentucky and North Carolina, but ...