RICHMOND, Va. — Virginia Gov. Glenn Youngkin on Wednesday announced that World Class Distribution Inc., a distribution, warehousing and cold storage network company, will invest $275 million to establish an operation in Caroline County.
The company will construct a 1.2 million-square-foot distribution facility in the Caroline 95 Logistics Park in Ruther Glen. Virginia successfully competed with North Carolina for the project, which will create 745 new jobs.
“Today’s announcement is an important step forward as we focus on returning more Virginians to the workforce, and I thank World Class Distribution for creating 745 new, high-quality jobs in the commonwealth,” said Youngkin. “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.”
“Caroline County’s strategic location and proximity to major highways will position World Class Distribution for continued growth in the U.S. market, and we are excited to welcome the company’s new 1.2 million-square-foot distribution center,” said Secretary of Commerce and Trade Caren Merrick. “World-class logistics, a strong workforce, and effective collaboration are the hallmarks of economic development in Virginia, and this significant project will make the commonwealth even more attractive for additional investments in our logistics sector.”
Founded in 2009, World Class Distribution is a subsidiary of TACT Holding Inc. and a leader in warehousing and distribution. WCD distributes food and beverage products, including canned foods, dry goods, sweets, grocery, beer and wine, frozen foods, and other refrigerated products. WCD manages 11 distribution centers throughout the United States, growing nationally to over 4,500 employees in eight states.
The Virginia Economic Development Partnership worked with Caroline County to secure the project for Virginia. Youngkin approved a $3 million grant from the commonwealth’s Opportunity Fund to assist Caroline County with the project.
World Class Distribution is eligible to receive benefits from the Major Business Facility Job Tax Credit for new, full-time jobs created. VEDP is working with the Virginia Department of Transportation to determine eligibility for funding through the Economic Development Access Road program.