Ross Dress for Less has been assured $45 million in government incentives should it build a 1.7 million-square-foot distribution center in Randleman, south of Greensboro. The North Carolina Economic Investment Committee has promised $8.4 million, and Randolph County and Randleman have okayed $38.6 million. The county will also convey 30 acres of property valued at $1 million to Ross.

Ross wants to build the center, which will require a $450 million investment, at the I-74 Industrial Center off Highway 311 south of Greensboro. Samet Corp. will develop the project, which is expected to create over 800 jobs.

The Triad Business Journal reports an economic-forecasting model used by the N.C. Department of Commerce forecasts the project will increase the state’s gross domestic product by $1.4 billion and net state revenue $19.7 million, with a return on investment generating $1.61 for every state dollar invested.