They city of Sandy Springs and Graphic Packaging Holding Company on Jan. 4 made the official announcement that it will move its corporate headquarters from Marietta to Sandy Springs.
Other media outlets had previously reported that the company would move into the city after the city approved incentives to attract the business. Under he program, Graphic Packaging will receive a waiver of two-years’ worth of business taxes, up to $75,000 each year, a $35,000 one-time impact fee and a $3,887 permit fee. The city approved the incentives for Graphic Packaging in July (it was code name “Project Gamma at the time), and adopted a formal incentives program in October.
The company provides paperboard packaging for various products.
“Graphic Packaging is making a significant investment, and the move will transfer nearly 300 jobs to the city,” the city reported. “It is estimated the project will generate approximately $356,000 in property taxes. The corporate headquarters will include the renovation of an existing 86,525 square-foot-office building and construction of a new 23,000 square-foot-facility at RiverEdge Summit.”
