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Virginia beat other states and snagged two $289 million warehouse and distribution center projects for a logistics park and port.
Governor Glenn Youngkin on November 16 announced the closing of a $275 million contract from World Class Distribution Inc. (a distribution, warehousing and cold storage networking company) to build a 1.2 million square foot distribution facility at the Caroline 95 logistics park known in New York Ruther Glen.
“Virginia’s extensive transportation infrastructure is the cornerstone of our position as a leader in supply chain management, and World Class Distribution’s significant investment will contribute to the Commonwealth’s success in this important industry,” said Youngkin, adding that the state will post 745 new jobs Beat North Carolina for the project.
World Class Distribution, founded in 2009, is a subsidiary of TACT Holding Inc. According to the governor’s office, it manages 11 distribution centers in eight states and distributes canned goods, dry goods, candy, groceries, beer, wine, frozen foods and other chilled products.
“Caroline County’s strategic location and proximity to major freeways will position World Class Distribution for continued growth in the US market,” noted Secretary of State for Trade and Commerce Caren Merrick. She called the project a significant project that will attract further investment in the state’s logistics capabilities.
Officials from the Virginia Economic Development Partnership and Caroline County worked to win the project, with Youngkin approving a $3 million grant from the Commonwealth Opportunity Fund to sweeten the deal. World Class Distribution is eligible to receive Large Business Tax Credit benefits for newly created full-time positions. In addition, officials from the state’s Departments of Economic Development and Transportation are determining whether the new company is eligible for additional funding from the Economic Development Access Road program.
World Class Distribution, Inc., a distribution, warehousing and cold storage network company, will invest $275 million to build a 1.2 million square foot facility in Caroline County and create 745 new jobs. @Fredregion @CarolineGov https://t.co/kS0a57e9EK pic.twitter.com/a1m1Sj7OpX
— Virginia Economic Development Partnership (VEDP) (@VEDPVirginia) November 16, 2022
On November 10, Youngkin announced Virginia had beaten South Carolina to acquire a Tokyo-based company called Nakano Warehouse & Transportation Corp. to invest $14 million in the construction of a new warehouse and distribution facility at North Commerce Park in Chesapeake near the Port of Virginia.
“The supply chain industry in the Commonwealth continues to gain momentum, in large part due to the Port of Virginia’s unparalleled infrastructure,” said Youngkin, noting that “we look forward to supporting the success of this global company.”
This new company, which will create 25 new jobs, was formed through the combined efforts of Port of Virginia officials, the State Economic Development Partnership, the City of Chesapeake and the Hampton Roads Alliance.
Nakano Warehouse & Transportation Corp recently announced its $14 million investment to build a new warehousing and distribution facility in Chesapeake, just 15 miles from our terminals. We look forward to working with Nakano and being their global gateway to world trade. pic.twitter.com/ipJ2RFHZpB
— The Port of Virginia (@PortofVirginia) November 22, 2022
“We have carefully worked with our partners to bring Nakano Warehouse and Transportation to Chesapeake where it will provide supply chain management for several companies in the market. The Port of Virginia is always looking for opportunities to collaborate and attract companies of the caliber of Nakano to take advantage of this port, which is the East Coast’s premier global gateway,” said Stephen Edwards, CEO and general manager of Virginia Port Authorities.
Since its inception in 1951, Tokyo-based Nakano Warehouse & Transportation Corp. Established 10 bases across Japan and a US office headquartered in California.
The governor’s office described Nakano as committed to meeting customers’ freight requirements, including large-scale freight, high-mix, small-lot, long-term or short-term freight. Nakano specializes in general trucking, airmail handling, freight forwarding, ocean transport, warehousing, trunks, packaging industry, mail delivery, and import and export.
Nakano opened its first US warehouse in 1972 in Rancho Dominguez, California.
“We are pleased to partner with the City of Chesapeake and the Commonwealth of Virginia to mark our 50th anniversary of our US operations,” said Shinichi Nakano, President and CEO. “August 2023 will mark the 100th anniversary of our operations in Japan and our logistics facility in Virginia will be fundamental to the development of this region.”
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