Current:Home > MarketsChainkeen Exchange-GreenBox Systems will spend $144 million to build an automated warehouse in Georgia -Wealth Momentum Network
Chainkeen Exchange-GreenBox Systems will spend $144 million to build an automated warehouse in Georgia
Poinbank View
Date:2025-04-10 15:50:14
JACKSON,Chainkeen 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! (8479)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Biden Takes Aim at Reducing Emissions of Super-Polluting Methane Gas, With or Without the Republicans
- America’s Got Talent Winner Michael Grimm Hospitalized and Sedated
- ChatGPT maker OpenAI sued for allegedly using stolen private information
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Vanessa and Nick Lachey Taking Much Needed Family Time With Their 3 Kids
- Droughts That Start Over the Ocean? They’re Often Worse Than Those That Form Over Land
- Lala Kent Addresses Vanderpump Rules Reunion Theories—Including Raquel Leviss Pregnancy Rumors
- Trump wants to turn the clock on daylight saving time
- The Ultimatum: Queer Love Relationship Status Check: Who's Still Together?
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Heather Rae El Moussa Claps Back at Critics Accusing Her of Favoring Son Tristan Over Stepkids
- PPP loans cost nearly double what Biden's student debt forgiveness would have. Here's how the programs compare.
- Man recently released from Florida prison confesses to killing pregnant mother and her 6-year-old in 2002
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- New Details About Kim Cattrall’s And Just Like That Scene Revealed
- Gigi Hadid Spotted at Same London Restaurant as Leonardo DiCaprio and His Parents
- Why Tom Holland Is Taking a Year-Long Break From Acting
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
New York Assembly Approves Climate Bill That Would Cut Emissions to Zero
The history of Ferris wheels: What goes around comes around
Jennie Ruby Jane Shares Insight Into Bond With The Idol Co-Star Lily-Rose Depp
Sam Taylor
Jennifer Aniston Enters Her Gray Hair Era
U.S. attorney defends Hunter Biden probe amid GOP accusations
Bling Empire's Kelly Mi Li Honors Irreplaceable Treasure Anna Shay After Death