Dollar General opened its new distribution center in Walton on Tuesday alongside Governor Andy Beshear.

The new 630,000 square feet. The installation of ft. employs 300 people in distribution and private fleet jobs.

The company also donated $ 10,000 to Walton-Verona Independent Schools.

“Joining the Dollar General management team, new employees and local leaders to help open this facility today makes a clear statement about the direction of the company and Kentucky,” said Beshear. “Dollar General’s decision to add new operations in our state highlights Kentucky’s key location for the distribution and logistics industry, an area experiencing supercharged demand as we rush out of this. pandemic. My congratulations to Dollar General and the many people who have worked to make today’s announcement possible. As our economy accelerates, we look forward to seeing this large-scale facility, and the company’s eight-decade partnership with Kentucky continues to thrive.

The company has invested $ 65 million in the site. Its operations will support more than 800 Dollar General stores in multiple states.

“We are thrilled to celebrate the grand opening of our Walton distribution center and continue to support the communities of Kentucky,” said Todd Vasos, CEO of Dollar General. “Dollar General’s roots run deep in the Commonwealth, and we are grateful for the partnership of state and local teams including Governor Beshear, Northern Kentucky Economic Development, Boone County Judge / Executive Gary Moore, the Northern Kentucky Chamber of Commerce, the Town of Walton, and the Kentucky Cabinet for Economic Development which have helped us invest more in the state. We look forward to welcoming new employees to the Dollar General family and to being a longtime business partner in the Boone County community.

Dollar General dates back to 1939 when JL and Cal Turner, based in Scottsville, Ky., Opened JL Turner and Son Wholesale with an initial investment of $ 5,000 each. Their first Dollar General store opened in Springfield, Kentucky, in 1955, and the concept was simple: No item in the store would cost more than a dollar. The idea became successful and other stores they owned were quickly converted from wholesale to retail. Today, the company, based in Goodlettsville, Tennessee, operates more than 17,400 stores in 46 states and is listed on the New York Stock Exchange under the symbol DG.

In Kentucky, Dollar General’s presence now includes two distribution centers – the other being in Scottsville – as well as nearly 640 stores and a growing private fleet in Walton that collectively employ about 6,000 Kentuckians. The company is also in the final stages of construction of a third distribution center, a 160,000 square foot DG Fresh facility in Bowling Green.

Boone County Judge / Executive Gary Moore praised Dollar General for locating, creating jobs and opening up the county.

“Watching Dollar General’s distribution operations move quickly from concept to functional installation is a testament to both the business and the support businesses receive here in Northern Kentucky,” said Moore. “My thanks and gratitude to the managers of the company for their investment and job creation. We look forward to a fruitful relationship to come.

Walton Mayor Gabe Brown said he sees a long and successful future for Dollar General and Walton together.

“We are very pleased to welcome Dollar General to the town of Walton,” said Brown. “They have a reputation for providing quality, well-paying jobs, satisfied employees and being great community partners. Dollar General is as American as an apple pie. Their continued growth and stability ensures that they will be a part of our community for decades to come. I wish them continued success and look forward to them being a great addition to our wonderful city.

Lee Crume, President and CEO of Northern Kentucky Tri-ED, welcomed the company.

“Dollar General is an exceptional corporate citizen and we join with the Town of Walton in celebrating its investment in Northern Kentucky,” said Crume. “We appreciate that Dollar General is expanding its supply chain network and creating hundreds of jobs in the Cincinnati area.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved in June 2020 a 10-year incentive agreement with DG Midwest, a wholly owned subsidiary of Dollar General, in the part of the Kentucky Business Investment program. The performance-based agreement can provide up to $ 750,000 in tax incentives depending on the company’s investment of $ 65 million and annual goals of:

  • Creation and maintenance of 250 full-time jobs for residents of Kentucky over 10 years; and
  • Pay an average hourly wage of $ 20, including benefits for these jobs.

By meeting its annual targets over the term of the agreement, the business may be eligible to retain a portion of the new tax revenue it generates. The company can claim eligible incentives for its income tax and / or employee contributions.

In addition, the company may receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, businesses can benefit from free recruitment and placement services, personalized training at low cost, and job training incentives.

-Staff report


Source link