Current:Home > StocksEthermac Exchange-GreenBox Systems will spend $144 million to build an automated warehouse in Georgia -NextFrontier Finance
Ethermac Exchange-GreenBox Systems will spend $144 million to build an automated warehouse in Georgia
NovaQuant Quantitative Think Tank Center View
Date:2025-04-09 00:22:38
JACKSON,Ethermac Exchange Ga. (AP) — An automated warehouse company announced Wednesday that it will invest $144 million to build a facility in Georgia
GreenBox Systems said it would hire 300 people to work at the warehouse that it plans to open in late 2025 near Jackson, about 35 miles (60 kilometers) southeast of Atlanta.
GreenBox is a joint venture between Japan’s SoftBank Group Corp. and Massachusetts-based Symbotic. GreenBox uses Symbotic’s automation technology, including vision-enabled robots and artificial intelligence to create warehouses that rely less on humans to sort, pack and ship goods. Greenbox has at least one other site in California.
Automating a warehouse is expensive, and the idea behind GreenBox is that customers will pay a recurring fee to house their goods at a GreenBox warehouse and use the technology. The company didn’t announce Wednesday if it had customers for the Butts County location or who they might be and didn’t respond to an email seeking more information
The warehouse is planned to be built as part of a larger industrial park off Interstate 75. Massive warehouses have proliferated along the interstate corridors that radiate from Atlanta, sometimes causing conflicts with local residents in part because of the long lines of trucks they rely on.
The state will pay to train GreenBox’s workers, and the company could qualify for $4.5 million in state income tax credits, at $3,000 per job over five years, as long as workers earn at least $35,600 a year. Butts County could also grant property tax breaks on GreenBox’s equipment and property.
veryGood! (31)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Rebecca Minkoff says Danny Masterson was 'incredibly supportive to me' at start of career
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher
- Nevada attorney general revives 2020 fake electors case
- Woman fired from Little India massage parlour arrested for smashing store's glass door
- Is that Cillian Murphy as a zombie in the '28 Years Later' trailer?
- 10 cars with 10 cylinders: The best V
- In ‘Nickel Boys,’ striving for a new way to see
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Ranking
- Could your smelly farts help science?
- Horoscopes Today, December 11, 2024
- Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan
- As a Major California Oil Producer Eyes Carbon Storage, Thousands of Idle Wells Await Cleanup
- The Super Bowl could end in a 'three
- KISS OF LIFE reflects on sold
- A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher
- Federal appeals court takes step closer to banning TikTok in US: Here's what to know
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Man identifying himself as American Travis Timmerman found in Syria after being freed from prison
Man identifying himself as American Travis Timmerman found in Syria after being freed from prison
Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did
Nearly half of US teens are online ‘constantly,’ Pew report finds
When does the new season of 'Virgin River' come out? Release date, cast, where to watch
Pakistan ex
Morgan Wallen sentenced after pleading guilty in Nashville chair