McKesson Corporation, a Fortune 14 company and one of America's largest health care services companies, is in final negotiations to locate in Caroline County.
The Board of Supervisors approved a final draft of a performance agreement with McKesson last night. According to the agreement, McKesson will be investing $49 million-$56 million, creating 150 to 190 jobs
According to its website, McKesson, based in San Francisco, employs more than 32,000 people.
"We are fortunate that we have the McKesson Corporation, which is a Fortune 14 company, willing to make their investments in Caroline County and we will do all we can to support them in their efforts here," said Board Chairman Maxie Rozell last night.
McKesson will make an official announcement later in June or in July, after completing internal administrative procedures.
The potential investment represents the largest single capital investment made by an industry in Caroline.
The State Fair is considered a nonprofit venture.
Spotsylvania County had been courting McKesson for three years.
In December 2007, Spotsylvania supervisors passed a resolution that called for an undisclosed company to locate in the 95 Commerce Business Park.
Last November, the resolution was amended to remove any specific site.
Spotsylvania officials had said they expected the company would generate about $900,000 a year in tax revenue.
In other Caroline business last night, County supervisors approved a rezoning request that would clear the way for a mixed-use, transit-oriented development. It would include a train station and other multi-modal facilities.
The project would encompass nearly 1,100 acres between U.S. 1 and Interstate 95 in the Carmel Church area, near the Flying J truck stop.
Portsia Smith: 540/374-5419
Email: psmith@fredericksburg.com