The financial terms of H&M's lease with property owner Douglas Development Corp. have not been disclosed. But Douglas's Norman Jemal tells GlobeSt.com, "They signed a long term lease, the total rent may be higher depending on the performance of the store." Owners of the clothing store plan to hire 100 employees between this location and another location to be opened in Georgetown. "H&M has promised to target District residents for the 100 jobs the two District stores will create," deputy mayor for Planning and Economic Development Eric Price says in a statement. The DC Department of Employment Services is currently working with H&M to train unemployed residents for those jobs."
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