DOLLAR GENERAL TO BUILD NEW DISTIBUTION CENTER.NASHVILLE, Tenn.--(BUSINESS WIRE)--July 2, 1997--Dollar General Corporation (NYSE NYSE See: New York Stock Exchange : DG) announced plans to construct a 775,000 square foot distribution center in Indianola, Mississippi Indianola is a city in Sunflower County, Mississippi, United States. The population was 12,066 at the 2000 census. It is the county seat of Sunflower CountyGR6. Geography Indianola is located at (33. pending final documentation and all required governmental approvals. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cal Turner, Jr. made the announcement saying, "We are accelerating our growth in distribution to keep pace with our rapid sales growth. Building a distribution center in Indianola is really an investment in the distribution capacity we need to support our business as a customer-driven distributor of consumable basics." The total cost for the facility, including equipment and fixtures, will be approximately $38,000,000. Construction is to begin in the third quarter of 1997, with the facility to be fully operational in the late summer of 1998. Turner said the facility will employ approximately 350 people when it reaches full capacity. In addition, Dollar General's on-site trucking provider will employ approximately 125 people. "The city of Indianola and the state of Mississippi did an impressive job of recruiting Dollar General," Turner said. "They have a firm grasp of what we need to develop a highly productive, low cost distribution facility." "Dollar General's decision to locate in Sunflower County will have a major economic impact in the Delta through the creation of hundreds of well-paying jobs for Mississippians," said Governor Kirk Fordice Daniel Kirkwood "Kirk" Fordice, Jr. (February 10, 1934 – September 7, 2004) was a politician from the U.S. state of Mississippi. He was the Governor of Mississippi from 1992 until 2000. . "I wholeheartedly whole·heart·ed adj. Marked by unconditional commitment, unstinting devotion, or unreserved enthusiasm: wholehearted approval. whole welcome Dollar General as Mississippi's newest corporate citizen." "One of my long expected dreams has now come true," said Mayor James E. Hutcherson. "I have worked in economic development since the 1970's and am excited to have one of the great companies of America coming to be a part of Indianola - Dollar General. Their commitment to the communities they locate in makes them one of the most desirable companies in America." The new facility will be constructed on a 250-acre site in Indianola. This site will allow Dollar General to expand the facility to 1.5 million square feet based on the distribution needs of the company. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Turner, Dollar General has one store in Indianola and 80 in Mississippi. "The region to be serviced by our distribution center in Indianola holds great potential for future growth in new stores," Turner said. Dollar General presently operates distribution centers in Scottsville, Kentucky Scottsville is a city in Allen County, Kentucky, United States. The population was 4,327 at the 2000 census. It is the county seat of Allen CountyGR6. Geography Scottsville is located at (36. ; Homerville, Georgia; Ardmore, Oklahoma, and South Boston, Virginia South Boston is a town in Halifax County, Virginia, United States. The population was 8,491 at the 2000 census. NASCAR drivers Ward Burton and Jeff Burton are from South Boston and prepared for their racing career at the local speedway. . The distribution center in South Boston, Virginia opened earlier this month. According to Turner, Dollar General intends to announce the site for its sixth distribution center by the end of this year. Dollar General is a chain of more than 2,860 neighborhood stores in 24 states with distribution centers in Kentucky, Georgia, Oklahoma and Virginia. The Company's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . CONTACT: Dollar General Corp., Nashville Investor: Kiley Fleming, 615/783-2014 or Media: Cabot Pyle, 615/783-2028 |
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