Trader Joe's Invests $260M in New Kentucky Facility
FRANKLIN, KY - With its eyes trained on southcentral Kentucky, Trader Joe’s is investing $260 million to set up shop in the region. The funds will be used to build and outfit a warehousing, distribution, and cold storage facility for the retailer, which will bolster its ongoing growth.
As reported by Bowling Green Daily News, the California-based grocery chain was recently approved for state tax incentives and has purchased 160 acres in Franklin, Kentucky’s new Stone-Givens Industrial Park.
Work has already begun on the three-building, 1-million-square-foot distribution center that some local leaders say will be the largest economic development project in the county’s history.
When the facility is completed, it is expected to employ nearly 900 associates.
When will this facility become operational, and what impact will it have on Trader Joe’s expansion? Stick with AndNowUKnow for updates.