Paulo JC Nogueira, CC BY-SA 3.0 , via Wikimedia Commons
Retailer Macy’s, Inc.will invest more than $584 million to build its first automated fulfillment center in the Town of China Grove in Rowan County.
“We are delighted to welcome Macy’s and its state-of-the-art facility to North Carolina,” North Carolina Gov. Roy Cooper said in a March 31 statement.
“When you combine our robust transportation network with our skilled workforce and great quality of life, economic development wins like these will continue to be celebrated statewide.”
Macy’s will build a new 1.4 million sq. ft. automated fulfillment center to ship orders directly to customers nationwide, accounting for nearly 30% of the retailer’s digital supply chain capacity once fully operational, the statement says.
“This state-of-the-art facility is a significant milestone for Macy’s, Inc. as we invest in strengthening our omnichannel ecosystem. It will support growth of our business as a leading omnichannel retailer,” said Dennis Mullahy, Macy’s chief supply chain officer. “We are delighted to become a member of the China Grove community and look forward to partnering with local and state officials to bring jobs and drive opportunity for local residents.”
The North Carolina Department of Commerce led the state’s efforts to support Macy’s location to Rowan County.
Macy’s expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee on March 31. Using a formula that takes into account $564 million of the company’s investment as well as the new tax revenues generated by 230 JDIG-qualified jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $2,313,000 spread over 12 years.
Macy’s is locating to Rowan County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving $257,000 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities across the state finance necessary infrastructure upgrades to attract future business.
LEAVE A REPLY
- Advertisement -
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject For more information, see our Privacy Policy.
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.