March 14, 2019
Albany, NY

Governor Cuomo Announces Grand Opening of Tractor Supply in Herkimer County

TOP Governor Cuomo Announces Grand Opening of...

Company to Create 350 Jobs at New 925,000-Square-Foot Mohawk Valley Facility

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Governor Andrew M. Cuomo today announced the grand opening of the approximately 925,000-square-foot Frankfort distribution center for Tractor Supply Company, the country's largest rural lifestyle retailer, in the Town of Frankfort in Herkimer County. This new location will help service the growing needs of the company's stores throughout the Northeast, as well as their online customers. The construction of this project is the largest economic development project in 30 years in Herkimer County.

"From day one of this administration we have made significant strategic investments upstate to create good jobs and bolster the economy, and the grand opening of this distribution center in Herkimer County demonstrates once again that New York State is open for business," Governor Cuomo said. "We are proud to invest in companies that invest in New York and Tractor Supply Company's new facility will generate hundreds of jobs and move the Mohawk Valley's economy forward."

"The Tractor Supply Company's distribution center in Herkimer County is a significant investment in the area creating hundreds of jobs," said Lieutenant Governor Kathy Hochul. "The company's new location enables the country's largest rural lifestyle retailer to continue to grow and service their online customers. The construction of this project is a gamechanger for Herkimer County, creating new opportunities and strengthening the economy of the entire Mohawk Valley region."

Tractor Supply Company Frankfort Distribution Center General Manager Wayne Evans said, "Tractor Supply is excited to formally open the doors of our new, largest network distribution center here in Frankfort. Since before we even broke ground in August 2017, the Herkimer County community and the State of New York have been extremely supportive and welcoming, and we look forward to a great working relationship with the community for many years to come."

Empire State Development President, CEO & Commissioner Howard Zemsky said, "Tractor Supply Company's continued growth and success will bring 350 good jobs to the Mohawk Valley, strengthening the local economy and continuing the momentum that's making the Mohawk Valley, and all of New York State, a stronger and more prosperous place to live and work."

HCR Commissioner RuthAnne Visnauskas said, "This investment in the Tractor Supply Company's new distribution center will create 350 new jobs and boost economic activity in Herkimer County to help the Mohawk Valley grow and thrive. When we attract new industry to New York State, we increase the quality of life for all of our residents."

Gil C. Quiniones, NYPA president and CEO, said, "The Power Authority's low-cost hydropower is an impactful economic development catalyst throughout the state. NYPA's support for Tractor Supply in Frankfort helps to enable hundreds of jobs and bolsters the local economy with significant capital investments."

The Frankfort distribution center will be Tractor Supply's eighth center nationwide, helping to supply the approximately 80 new stores the company opens each year. Empire State Development has committed up to $3 million in performance-based Excelsior Jobs Program tax credits, which are tied directly to the creation of 350 new jobs over the next five years. New York State Homes and Community Renewal awarded Herkimer County $750,000 in Community Development Block Grant Economic Development funds to support the project. In addition, the New York Power Authority has allocated more than 1.3 megawatts of low-cost hydropower to the Village of Frankfort for the direct benefit of Tractor Supply.

Congressman Anthony Brindisi said, "This is an exciting day for Herkimer County and the Mohawk Valley. Tractor Supply Company is a great addition to Frankfort, bringing new job opportunities, fostering growth, and helping revitalize our communities. Thank you to Governor Cuomo, the Herkimer County Legislature, the Herkimer County IDA, and everyone else who partnered to make this investment a reality."

Senator James L. Seward said, "Whenever I discuss economic development for the Mohawk Valley, the conversation inevitably turns to the Frankfort 5S South Business Park, also known as the Pumpkin Patch.  I have partnered with local officials and key state agencies to extend vital infrastructure services and prepare the site for job growth - today we reap the rewards.  The opening of Tractor Supply's distribution center and the 350 jobs that are coming with it are the headline, but this is just the start.  This project will stimulate our regional economy and lead to future job growth.  Public-private partnerships can yield winning results and this project is a prime example."

Assemblymember Marianne Buttenschon said, "I am thrilled that Tractor Supply Company is making such a large investment in the Mohawk Valley. This company is learning what we have always known - the Mohawk Valley is a great place to live and work and this company's commitment to Herkimer County is great news for the region and the people of New York State."

Bernard Peplinski, Sr., Chairman of the Herkimer County Legislature said, "This distribution center is great for our region and the Mohawk Valley. I am looking forward a productive partnership with the Tractor Supply Company to create jobs and opportunities right here in Herkimer County."

Frankfort Town Supervisor Glenn D. Asnoe said, "This is a huge win our community and I am thrilled that Tractor Supply Company has chosen Frankfort to expand and bring hundreds of new jobs to the Mohawk Valley. I want to thank Tractor Supply for their commitment to Frankfort, Herkimer County, and the region."

Village of Frankfort Mayor Rick Adams Jr. said, "With today's grand opening, we welcome Tractor Supply Company to the Mohawk Valley and are excited that they will bring hundreds of new, quality jobs to the region.  We are proud to have Tractor Supply in Frankfort and look forward to a long and fruitful partnership."

About Tractor Supply Company

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service that addresses the needs of the Out Here lifestyle. With more than 29,000 team members, the Company leverages its physical store assets with digital capabilities to offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At December 29, 2018, the Company operated 1,765 Tractor Supply stores in 49 states and an e-commerce website at www.TractorSupply.com

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