Governor McAuliffe announces 600 new jobs with Dollar Tree in the City of Chesapeake
CHESAPEAKE, Va. — Governor Terry McAuliffe announced that Dollar Tree, Inc., an American chain of discount variety stores, will invest $110 million for development of its corporate headquarters in the City of Chesapeake. Virginia successfully competed against North Carolina for the project, which will retain 825 jobs and create 600 new jobs over the next six years. Check for Dollar Tree jobs here.
“This is a tremendous project for the City of Chesapeake and the Commonwealth,” said Governor McAuliffe, speaking at the event. “Dollar Tree has been an outstanding corporate citizen for 30 years in Virginia and these 600 new jobs are a testament to the business climate, location and workforce the Commonwealth has provided. This project further solidifies Dollar Tree’s commitment to Virginia, and we are thrilled to see their headquarters grow and create hundreds of well-paid jobs. Ensuring our businesses succeed is key for building a new Virginia economy, and Dollar Tree continues to be a significant part of those efforts.”
The Virginia Economic Development Partnership worked with the City of Chesapeake and Chesapeake Economic Development to secure this project for Virginia. Governor McAuliffe approved a $4 million grant from the Commonwealth’s Opportunity Fund to assist Chesapeake with the project. The Governor also approved $5.3 million in funds from the Virginia Economic Development Incentive Grant (VEDIG), which was established as a self-funded program of performance-based incentives that the Commonwealth awards to exceptional economic development projects with large numbers of employees and very high wages relative to average wages for that particular area. The company will receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Dollar Tree will also be eligible to receive funding and services to support the company’s employee training activities provided through the Virginia Jobs Investment Program.
Read more in Virginia Governor Terence McAuliffe’s Press Release. Photo courtesy of Dollar Tree.