Virginia Captures Key Warehousing, Distribution Center Ventures

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Virginia Captures Key Warehousing, Distribution Center Ventures

YoungkinGov. Glenn Youngkin (Al Drago/Bloomberg News)

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Beating out other states, Virginia snagged two warehousing and distribution center ventures worth $289 million for a logistics park and a port.

Gov. Glenn Youngkin announced Nov. 16 the capture of a $275 million contract from World Class Distribution Inc. (a distribution, warehousing and cold storage network company) to build a 1.2 million-square-foot distribution facility in the Caroline 95 Logistics Park in 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 major investment will contribute to the commonwealth’s success in this important industry,” Youngkin said, adding that the state will have 745 new jobs after beating out 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 foods, dry goods, sweets, groceries, beer, wine, frozen foods and other refrigerated products.

“Caroline County’s strategic location and proximity to major highways will position World Class Distribution for continued growth in the U.S. market,” noted Caren Merrick, state secretary of commerce and trade. She called the project a significant one that will attract other investments 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’s Opportunity Fund to sweeten the deal. World Class Distribution is eligible to receive benefits from the Major Business Facility Job Tax Credit for new, full-time jobs created. In addition, state economic development and transportation department officials are determining if the new venture is eligible for additional funds from the Economic Development Access Road program.

On Nov. 10, Youngkin pro

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