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Chesapeake to reward Dollar Tree for creating jobs with $1.5 million state grant

Dollar Tree could receive $1.5 million before the holidays for creating 150 jobs in Chesapeake.

Dollar Tree could receive $1.5 million before the holidays as a result of creating 150 jobs at its Chesapeake headquarters.

Chesapeake City Council will vote an awarding the first part of a $4 million state grant at a city council meeting Tuesday.

Chesapeake Economic Development Authority director Steven Wright said Dollar Tree has met the first necessary threshold for job creation to earn the grant.

"We are hopeful that they will continue to grow their employment base here in Greenbrier and allow us to distribute more funds to the company as the project evolves," Wright said.

Wright said the company’s plans to relocate 750 jobs from North Carolina to Chesapeake could unlock the full amount of grant money.

"What the state hoped for was for about 650 jobs, so as the company reaches the 650 job threshold they will be eligible for that entire four million dollars," he said.

The investment is a contrast to the developing situation in Norfolk, where Norfolk Southern leaders are exploring relocating to Atlanta. Dollar Tree and Norfolk Southern are two of three Fortune 500 companies in Hampton Roads.

If approved, the grant money will pass from the city’s stewardship to the development authority before being awarded to Dollar Tree.

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