Best Buy Announces New Distribution Center in New York State; 650,000 Square-Foot Facility to Open in Spring 2003.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Oct. 4, 2001 Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) the nation's leading retailer of consumer electronics, personal computers, entertainment software and appliances today announced that its newest distribution center will be located in Tioga County, New York Tioga County is a county located in the U.S. state of New York. As of the 2000 census, the population was 51,784. Its name derives from an American Indian word meaning "at the forks," describing a meeting place. Its county seat is Owego. , in the town of Nichols. The state-of-the-art distribution center will create more than 400 new jobs over the next five years. Construction is scheduled to begin in spring 2002 and be completed by spring 2003. Best Buy senior vice president of Logistics Chas Scheiderer and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Governor George E. Pataki announced plans for the distribution center at a news conference today in Owego, New York Owego, New York is the name of two locations in Tioga County, New York:
The $40 million facility will supply technology and entertainment products to current and future Best Buy stores in New York, Pennsylvania, Maryland, New Jersey, Connecticut, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Massachusetts, Vermont, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). and Maine. Best Buy operates seven additional major distribution facilities in Dinuba, Calif.; Ardmore, Okla.; Edina and Bloomington, Minn.; Staunton, Va.; Findlay, Ohio Findlay is a city in the U.S. state of Ohio and the county seat of Hancock CountyGR6. The municipality is located in northwestern Ohio approximately 50 miles (80 km) south of Toledo. The population was 38,967 at the 2000 census. and Dublin, Georgia Dublin is a city in Laurens County, Georgia, United States. The population was 15,857 at the 2000 census. By 2005 the population is estimated to be 16,924. [2] The city is the county seat of Laurens CountyGR6. . "Best Buy's decision to place its Northeast distribution facility in Upstate begins a terrific relationship between the nation's top electronics retailer and the great people of New York," Governor Pataki said. "Best Buy looked at more than 100 sites in five states. Choosing Tioga County for this significant $40 million, 400 job investment provides tremendous confidence for the Upstate economy and sends a strong nationwide message for businesses to invest here." "The pro-business attitude of New York and Tioga County officials was a deciding factor in locating in Tioga County," said Chas Scheiderer, Best Buy senior vice president of Logistics. "We are proud to join the New York team, to be a part of the continued economic growth of the county, the region, and the great State of New York." This Best Buy Distribution Center is part of the "Build Now" New York site located in an Empire Zone. "Build Now" is an Empire State Development program launched by Governor Pataki to help communities prepare sites so that New York can be in a strong position to attract job creation projects. The Chicago Office of Deloitte & Touche/Fantus Corporate Real Estate, the nation's largest corporate site location consulting firm, assisted Best Buy in the process of identifying and evaluating sites in the Northeast for the new distribution center. Minneapolis-based Best Buy Co., Inc. (NYSE:BBY) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial Web sites under the names: Best Buy (BestBuy.com), Magnolia Hi-Fi (MagnoliaHiFi.com), Media Play (MediaPlay.com), on Cue (OnCue.com), Sam Goody (SamGoody.com), and Suncoast (Suncoast.com). The Company reaches consumers through more than 1,700 retail stores nationwide, in Puerto Rico and in the U.S. Virgin Islands. |
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