"We're thrilled that Target has
decided to locate a new distribution center in DeKalb that will
bring hundreds of new jobs to the community," Gov. Blagojevich said.
"By being proactive and ensuring that businesses have all the tools
they need to compete and thrive, we're creating a very appealing
business climate that is continuing to lure nationally successful
companies like Target to Illinois. Our goal is to make Illinois the
most attractive state to do business in, and we'll never stop
working to make that happen."
Construction on the site located on Fairview Drive began this
fall and is expected to be completed in summer 2006. Each
distribution center serves on average 65 to 70 stores in its region.
Regional distribution centers receive shipments from suppliers, ship
products directly to Target stores and provide storage space for
"DeKalb was the ideal location for us to locate a new
distribution center," said Mitch Stover, senior vice president,
distribution services, for Target
Corporation. "The partnership we received from the city of DeKalb
and the state of Illinois was extraordinary. We look forward to
building a long-lasting relationship with the DeKalb community."
Support will come from a variety of Department of Commerce and
Economic Opportunity business development programs, including a
Large Business Development Program grant; Business Development
Public Infrastructure Program funding to the city of DeKalb for
infrastructure improvement assistance; Economic Development for a
Growing Economy tax credits, which are based on job creation
projections over a 10-year period; Employer Training Investment
Program job training funds that will help enhance the skills of its
work force; and additional financial benefits, such as sales tax
exemptions and tax credits for job creation resulting from the
company being certified as a high-impact business.
The Illinois Department of Transportation is also announcing that
the Target distribution facility is eligible for $1,326,850 in
Economic Development Program funds for construction of Macom Drive
and roadway improvements off Peace Road and Fairview Drive in DeKalb.
In addition, the Department of Transportation will provide $127,500
from the Truck Route Program to accommodate increased truck traffic
on Macom Drive. The Department of Transportation funding brings the
total incentive package of grants and tax credits to more than $9.6
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Target currently has 22 distribution centers in 19 states:
Alabama, Arizona, Arkansas, California, Colorado, Georgia, Indiana,
Iowa, Kansas, Michigan, Minnesota, New York, Ohio, Oregon,
Pennsylvania, South Carolina, Texas, Virginia and Wisconsin.
"There are three resources essential to the success of any
business: access to capital, access to markets and access to a
world-class work force," said Jack Lavin, director of the Department
of Commerce and Economic Opportunity. "Illinois' strategic location
provides ideal access to important markets, but Governor
Blagojevich's Opportunity Returns program is proving to be
enormously successful because it is making critical investments to
ensure that access to capital and a high-caliber work force are also
abundant. In Target's decision to locate its distribution center in
DeKalb, we're tasting the fruits of that labor."
Minneapolis-based Target Stores serves guests at 1,313 stores in
47 states nationwide by delivering today's best retail trends at
affordable prices. Whether visiting a Target store or shopping
online at Target.com, guests enjoy a fun and convenient shopping
experience with access to thousands of unique and highly
differentiated items. Target Stores, along with its parent company
Target Corporation (NYSE:TGT), gives back more than $2 million a
week to its local communities through grants and special programs.
Since opening its first store in 1962, Target has partnered with
nonprofit organizations, guests and team members to help meet
The Opportunity Returns regional economic development plan
is the most aggressive, comprehensive approach to creating jobs
in Illinois' history. Since a one-size-fits-all approach to economic
development just doesn't work, the governor has divided the state
into 10 regions, finding areas with common economic strengths and
needs and developing a plan with specific actions for each region.
This grass-roots effort is a product of significant outreach over
several months with business, civic and labor leaders and elected
officials. Opportunity Returns contains tangible actions to make
each region more accessible, more marketable, more entrepreneurial
and more attractive to business.