Gap Inc. will invest $96 million to upgrade and expand its 14-year-old Fishkill, N.Y. distribution center. The expansion will bring up to 1,200 jobs to the Hudson Valley region by June 2019. Currently, the 2.3 million-square-foot facility employs 428 people.
New York Governor Andrew Cuomo announced the investment Monday, and told the Associated Press that Gap considered other locations across the U.S. for the project but ultimately chose New York State. Empire State Development, New York’s chief economic development agency, is providing the company with up to $12 million in tax credits related to job creation and investment commitments.
Last week Gap announced second quarter 2014 net sales increased 3 percent to $3.98 billion. The company also revealed plans to expand into India and grow its stores in the greater China region.