The Williamsburg Economic Development Authority unanimously approved a no-net-loss tax incentive to Peninsula Ace Hardware at a meeting Tuesday after discussing the matter in closed session.

The store, located in the Williamsburg Shopping Center on Richmond Road, will move across the street to the Monticello Shopping Center. Peninsula Ace Hardware president Terry Deaver expects to start moving inventory and new fixtures over to the new store by the beginning of next month, and said the new store should open to the public by Nov. 1.

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