Enon-based Speedway announced this morning that it is expanding operations. The company is estimating that the expansion will bring over 300 new jobs to Clark County over a three year period.
Mike McDorman, president of the Greater Springfield Chamber of Commerce, indicated that Speedway's expansion plans include buying an office building in Springfield’s NextEdge Applied Research and Technology Park, while also investing $9 million in its current headquarters.
Clark County based Speedway has reached an agreement to purchase Hess Retail Holdings for $2.8 billion dollars. The deal makes Speedway one of the largest convenience store chains in the country.
Hess operates out of New York City and is the largest operator of convenience stores along the East Coast. Speedway's corporate headquarters are in Enon, and the company is a subsidiary of the Marathon Petroleum Company.
Angelia Graves, director of public and state government affairs for Marathon, says the deal is a win-win for both companies.