Northeast Indiana Project Honored for Community Impact
March 21, 2012
INDIANAPOLIS (March 21, 2012) - Family Dollar Stores, Inc.s plans to open a new distribution facility in Ashley, Ind. received national recognition last week as a winner of Trade & Industry Development magazine's 7th annual Corporate Investment and Community Impact Awards (CiCi).
The project was chosen from hundreds of applications as one of the top 15 in the Community Impact category for the Fortune 300 retailer's nearly $70 million planned investment to build an 815,000 square-foot, highly automated distribution facility and anticipated creation of 350 jobs.
"Our number one goal is to provide Hoosiers from towns small and large more jobs. Trade & Industry Development's recognition of Family Dollar's decision to bring hundreds of new jobs to Ashley is not only a testament of the economic impact it will have on the local community but the hard-work, dedication and coordination of both company officials and the people of Ashley in bringing this project to fruition," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
Community Impact CiCi Award selections are based on an analysis of the project's positive impact on the local community. For a complete list of winners, see Trade & Industry Development's March/April issue or visit www.tradeandindustrydev.com.
"Family Dollar Stores Inc.'s project in Ashley, Ind., embodies the spirit of the CiCi Awards' Community Impact category as the 350 new jobs it will create in a community of just 1,000 residents will most certainly bring a remarkably positive change to the community at large," said Scott Swoger, publisher of Trade and Industry Development.
The first Family Dollar store was opened in 1959 by a 21-year old entrepreneur and has since grown to 7,100 stores nationwide. When the company's Ashley site becomes operational later this month, it will be its 10th such center nationally.
"Family Dollar is honored by this award," said Charles Gibson, executive vice president, supply chain of Family Dollar. "Our new distribution center in Ashley will allow us to serve our customers more efficiently while providing hundreds of new jobs in a state of the art facility."
The CiCi Award is the latest in a number of honors Indiana has received for its economic development environment in the past year. Most recently, Indiana was ranked best in the Midwest and the fifth overall best state for doing business by Area Development magazine. Also, Site Selection named the Hoosier State's business climate the sixth best in the nation.
About Trade & Industry Development
Trade & Industry Development serves executives within specific vertical industries. Its mission is to help companies perpetuate success by providing clear and crucial insight into the challenge of site selection and facility planning. By working with thought leaders and experts in various fields, Trade & Industry Development provides actionable content that is both innovative and forward-looking. It is committed to being a valuable and trusted partner for C-suite executives, corporate real estate professionals and site consultants, enabling them to make the best possible decisions - for themselves, their companies and their shareholders. www.tradeandindustrydev.com.
About Family Dollar
Beginning with one store in 1959 in Charlotte, North Carolina, the Company currently operates more than 7,100 stores in 45 states. Family Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.