Dollar Tree to expand headquarters, adding 600 jobs
Dollar Tree Inc. announced Wednesday it is spending $110 million to expand its headquarters in Chesapeake and add 600 new jobs over the next six years.
“Dollar Tree has seen tremendous growth over the past 30 years,” Dollar Tree CEO Bob Sasser said in a statement. “We have grown from a small company to a leading retailer with more than 14,000 retail stores across North America. To facilitate our continued growth, we are investing in the expansion of our corporate facilities. Chesapeake will be our center of growth for services shared across the entire corporation.”
Virginia competed with North Carolina for the project, which in addition to the 600 new jobs retained 825 jobs in Chesapeake.
Gov. Terry McAuliffe approved a $4 million grant from the Commonwealth’s Opportunity Fund and a $5.3 million from the Virginia Economic Development Incentive Grant (VEDIG), which includes performance-based incentives Virginia offers to large companies who offer a significant number of jobs with high-paying wages.
The company also 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.