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Stock impact report

Home Depot eyes same-day, next-day delivery site in New York [Yahoo! Finance]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: Yahoo! Finance
Dive Brief: The Home Depot is exploring the construction of a distribution center providing same-day and next-day delivery of bulky goods in Yaphank, New York, per an application filed with the Brookhaven Industrial Development Agency last month. The cost of the 414,000-square-foot building's construction would be $157 million, with Home Depot making additional improvements totaling $11 million, according to the application. The facility on Long Island is expected to generate 200 full-time jobs, be it with the retailer or third-party logistics providers. Home Depot is requesting a sales tax exemption from the Brookhaven IDA to prepare and equip the proposed facility, Kevin Reddick, Home Depot's senior director of tax counsel, said in an application request. The application is pending approval, Lisa Mulligan, CEO of the Brookhaven Industrial Development Agency, told Supply Chain Dive in an email. Dive Insight: The potential New York location is part of a wider Home Depot sup Show less Read more
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