Home Goods Tucson
National home furnishings retailer HomeGoods has purchased 100 acres of undeveloped property near Tucson International Airport, and confirmed it plans to open a distribution center on the site.
Massachusetts-based TJX Companies, which owns HomeGoods, paid $9, 531, 270 to buy five parcels on the 3600 block of East Corona Road near South Alvernon Way, according to documents filed with the Pima County Recorder’s Office.
“The company is planning to build an approximately 800, 000 square-foot distribution center on the site to help service the Company’s growing network of HomeGoods stores in the Southwest and Western parts of the U.S., ” according to a news release from Doreen Thompson, vice president of communications for TJX Companies.
Thompson could not be reached for further comment on Wednesday.
The company was drawn to Tucson in part by a combined city/county incentive package worth nearly $1.6 million in tax and fee write-offs in the first year — and totaling more than $6 million over 15 years.
Even with those write-offs, the development will be a financial bonanza for local governments because, as vacant land, the property now generates only about $44, 000 a year in taxes. In addition to bringing up to 900 jobs, HomeGoods will also pay about $300, 000 a year in property and sales taxes.
Tucson City Councilman Richard Fimbres, who represents the area, said finalization of the land purchase represents a win for the city.
“I think it’s very positive for our community, ” Fimbres said, adding the move’s impact will be felt communitywide.
The company plans to hire at least 400 people initially, with employment expected to grow to 900 workers over the years.
Fimbres said the overall economic benefit of the distribution center could reach nearly a billion dollars when considering construction activity, wages and ancillary effects.
“The economic-impact analysis said it could be about $870 million, ” he said.
Tucson Regional Economic Opportunities President Joe Snell also said the move represented a win for the region.
“This is going to have a big impact, ” Snell said.
Snell said several factors played into attracting HomeGoods, including proximity to an emerging market in Mexico and the existing transportation rail, air and surface transportation systems already in place here.
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In answering this question, perhaps we need to consider what is good for children may be nutritional value available served in a fun way that kids enjoy. I like taking them to Whole Foods Market and having them choose off the ready made food bars. Kids love to learn about their food and explore looking at everything in the store!