ALBANY, NY — Gap Inc.’s distribution center in Fishkill, N.Y., will have a capital investment of $96 million, creating 1,200 jobs by June2019, and expanding the current 2.3 million square foot facility.
Empire State Development is providing Gap Inc. with $12 million in performance based Excelsior Jobs Tax Credits, tied to job creation and investment commitments.
Shawn Curran, senior vice president of global logistics for Gap Inc., said, “As Gap Inc. continues to grow, we are expanding our Northeast distribution capacity through infrastructure development.”
Ted Potrikus, executive vice president of the Retail Council of New York State, said of the investment: “It shows confidence in the state and retail economy going forward which is a great thing, and I thinkthere is no bad news in any of this.”
“I’m glad to see that retail is being recognized whether it is at the distribution center level or at the store level, that there is recognition that these are important jobs,” said Potrikus.“Sometimes retail gets pushed aside a little bit. They want manufacturing jobs, they want high tech jobs, but these are important positions. I think for any brand to be expanding and building in New York is a good sign for everybody.”
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