Five Below Plans Monroe County, Georgia, Distribution Center
The initial investment includes $42 million in land and building and approximately $28 million in machinery and equipment. Additional investment will occur over the next five years.
“Five Below is excited to expand our distribution network in the state of Georgia,” said Five Below President & CEO Joel Anderson. “This distribution facility is expected to support Five Below’s store growth through the Southeast. We believe our ability to expand in Georgia to service our customers and our commitment to provide opportunities for employment will create a positive economic impact for the region.
“Five Below’s decision to invest in Monroe County directly reflects the strength of our workforce and Georgia’s strategic location for accessing the Southeastern market,” said Governor Nathan Deal. “Georgia is perfectly positioned to support this distribution center and Five Below will benefit by locating distribution operations here in the No. 1 state in which to do business. We appreciate this investment in Monroe County and I am confident that Georgia’s transportation infrastructure will help Five Below serve its growing customer base.”
Monroe County Chairman Greg Tapley said; “This is a great example of what can happen when we work together as a team. A big ‘Thank you!’ to everyone that helped make this project happen.”
“Five Below is a leader in the value retail market for young consumers,” said Hala Moddelmog, President & CEO of the Metro Atlanta Chamber. “We are pleased to welcome them to Metro Atlanta. Their expansion into our region further validates our position as a logistics hub and as a market for innovative companies making an impact as they make a profit.”
“We’re excited to welcome one of America’s fastest-growing retailers to the Port of Savannah,” said GPA Executive Director Griff Lynch. “Five Below’s desire to locate their next distribution center in Monroe County is a strong testament to the state’s business-friendly environment and the logistical advantages of serving the Southeast via Georgia’s ports.”
“We welcome Five Below as an incredible addition to our thriving network of distribution and fulfillment centers located across the state,” said GDEcD Commissioner Pat Wilson. “This is a great win for Monroe County, and all of Georgia as we work together with our economic development partners to attract new business to the state.”
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