US supermarket chain Wegmans Food Markets has announced plans to develop a full-service regional distribution operation in Hanover County, Virginia, US.

The grocery retailer will invest $175m in the location, which will be located along Sliding Hill and Ashcake Roads in Ashland.

The location will expand the company’s distribution network on the East Coast and is expected to generate 700 new jobs in the county.

Virginia governor Ralph Northam said: “It’s a significant win when a business decides to create 700 full-time, well-paid jobs and we are proud that a company of Wegmans’ stature has chosen to establish its major new operation in Hanover County.

“Virginia is a world-class transportation and logistics hub and the location of this campus will greatly enhance Wegmans’ fast-growing East Coast distribution network.

“I was grateful for the opportunity to meet with Wegmans officials to discuss ways we can strengthen our partnership and I look forward to the company’s continued success in the Commonwealth.”

The Virginia Economic Development Partnership, Hanover County and the Greater Richmond Partnership were all involved in securing the project in favour of Virginia.

Governor Northam also approved a $2.35m grant under the Commonwealth’s Opportunity Fund for the project.

In October this year, Wegmans opened the 74,000ft2 store in New York City.