Current:Home > InvestTradeEdge Exchange:GreenBox Systems will spend $144 million to build an automated warehouse in Georgia -Prime Capital Blueprint
TradeEdge Exchange:GreenBox Systems will spend $144 million to build an automated warehouse in Georgia
TradeEdge View
Date:2025-04-07 08:38:33
JACKSON,TradeEdge 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! (8126)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Who was Hardeep Singh Nijjar, the Sikh activist whose killing has divided Canada and India?
- Cheryl Burke Says She Has a Lot of Years to Make Up for Relationship With a Narcissist
- Convicted murderer Alex Murdaugh agrees to plead guilty to nearly two dozen federal crimes
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Social media users swoon over Blue, a comfort dog hired by Rhode Island police department
- In break with the past, Met opera is devoting a third of its productions to recent work
- Why is the UAW on strike? These are their contract demands as they negotiate with the Big Three
- Meet first time Grammy nominee Charley Crockett
- Nigeria’s opposition candidate appeals election verdict, asks court to declare him winner instead
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- UN rights experts report a rise of efforts in Venezuela to squelch democracy ahead of 2024 election
- Browns star Nick Chubb suffers another severe knee injury, expected to miss rest of NFL season
- ‘ABC World News’ anchor David Muir chosen for Arizona State University’s Cronkite Award
- This was the average Social Security benefit in 2004, and here's what it is now
- Disney Star Matthew Scott Montgomery Details Conversion Therapy Experience After Coming Out as Gay
- Nick Saban and Alabama football miss Lane Kiffin more than ever
- Peace Tea, but with alcohol: New line of hard tea flavors launched in the Southeast
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Japan records a trade deficit in August as exports to China, rest of Asia weaken
'If not now, when?': Here's why the UAW strike may have come at the perfect time for labor
College football is set for historic Week 4 with seven games matching ranked opponents
2 killed, 3 injured in shooting at makeshift club in Houston
Why Tyra Banks Is Skipping the Plastic Surgery Stuff Ahead of Her 50th Birthday
Rihanna, A$AP Rocky have second child together, another boy they named Riot Rose, reports say
TikToker Alix Earle Addresses “Homewrecker” Accusations After Braxton Berrios and Sophia Culpo Drama