Page 38 - FDI Alliance International Magazine Summer 2020 Digital Interactive Issue

On August 4, 2020 the success of Economic new facilities nationally. This investment will
Development in Stonecrest, Georgia was expand the company’s current same-day
further solidified. On that day Governor and next-day delivery options to 90% of
Brian P. Kemp announced that Georgia- the US population. Georgia is a hub for the There are additional benefits that Stonecrest
based The Home Depot will build a total of company’s Southeast supply chain operations knows will be realized by an affiliation through
three new warehousing facilities in DeKalb, and its national delivery strategy.” this opportunity. The Home Depot company's
Fulton, and Henry Counties. This expansion name recognition will give Stonecrest the
project will deliver approximately 1,000 jobs ♦ BUSINESS ATTRACTION ability to attract other high-profile companies
to greater metro Atlanta. The Home Depot This level of business attraction rarely occurs furthering opportunities for growth and
facility (in DeKalb County) will become in a city that has only chartered three years expansion. We can leverage the location
the cornerstone of one of Stonecrest’s two ago. The Home Depot development will to other target markets.
industrial sectors and will be the anchor significantly grow the tax base and increase Stonecrest may also be able attract Home
of the newly proposed Stonecrest Business employment opportunities. Depot suppliers who may require a location
Park. Stonecrest Mayor Jason Lary stated, “The upside of having a company with the closer to the logistics facility.
“This will be the first phase of our strategic stature of The HomeDepot in Stonecrest is The city can also connect to global supply
economic development plan as we build a incredible,” says Clarence Boone, Stonecrest chains that support The Home Depot.
gateway to the world through Savannah.” Sr. Director of Economic Development.
According to the Georgia Department “Stonecrest now has an affiliation with the ♦ TRANSPORTATION ACCESS
of Economic Development, “In 2017 The 26th largest US company as ranked among Of the attributes that attracted Stonecrest
Home Depot announced a plan to invest the Fortune 1000. The Home Depot is also to The Home Depot was our access to rail
$1.2 billion in its supply chain to expand its the 62nd largest company on the Forbes and a direct point of ingress to the Ports of
distribution network with approximately 150 global list of companies. “ Savannah, Georgia. With true accessibility

38. FDI ALLIANCE INTERNATIONAL