The city council approved contracts for a three year, 85% tax based Economic Development Incentive Grant for Kroger Fulfillment Network, LLC and Ocado Solutions USA, Inc.
Kroger’s proposed investment represents a total $89,000,000 investment in real and personal property such as furniture, balers, lifts, totes, and material handling equipment, and technology infrastructure. The total value of the city’s three year grant is estimated to equal $791,846 dependent on the actual investment. After the incentive payments, the city will collect a 3-year net revenue of $139,738.
Ocado’s proposed investment represents an estimated total of about $50,000,000 investment in personal property related to proprietary robotics equipment and the supporting technology infrastructure grid at the project facility. The city’s three-year grant will total to $348,024 dependent on the actual investment and the city will collect a net revenue of $61,416 after the incentive payments.
The 200,000-square-foot robotically automated fulfilment center will be located at 227 Highway 49 S.
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