- Associated Press - Thursday, August 4, 2016

CHESAPEAKE, Va. (AP) - Discount store Dollar Tree plans to spend $110 million to expand its Virginia headquarters.

Gov. Terry McAuliffe announced the expansion Wednesday, saying it will create 600 new jobs in the next six years.

McAuliffe approved more than $9 million in grants for the expansion, which he said will help the state’s economy.

Those grants include $4 million from the Commonwealth’s Opportunity Fund and $5.3 million from the Virginia Economic Development Incentive Grant. Dollar Tree will also receive aid from the Port of Virginia Economic and Infrastructure Development Zone Grant program and will be eligible for additional money through the Virginia Jobs Investment Program.

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