Estimated total savings for Core5 Logistics Center will be around $1.55 million during the incentive period.
In exchange, the projected positive economic impact to Cobb County from this development should be $1.75 million.
Core 5 Logistics Center is proposing to build a 650,000-square-foot warehouse/distribution facility that will be occupied by Project Steady, resulting in the creation of around 400 new jobs and an anticipated payroll of $26.4 million.
Including construction, Core5’s total investment will be about $35 million.
Project Steady will make an additional investment of $20 million to include machinery and equipment.
If the jobs or investments are not met throughout the entire incentive period, Core5 will be required to pay back the full value of all incentives received under the Enterprise Zone Program.