Warning: unlink(/tmp/jnewslibrary-9aiR9A.tmp): No such file or directory in /home/customer/www/gasiantimes.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142
Surgical robot firm to invest $500 million in Georgia, hiring 1,200 - Georgia Asian Times
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcast
ABOUT
Advertise in GAT
Contact us
Sunday, February 5, 2023
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcast
  • Login
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcast
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcast
Home Business

Surgical robot firm to invest $500 million in Georgia, hiring 1,200

It’s one of the largest announcements in terms of jobs and investments in Georgia this year.

Georgia Asian Times by Georgia Asian Times
August 5, 2021
in Business
Surgical robot firm to invest $500 million in Georgia, hiring 1,200
Share on FacebookShare on Twitter

Peachtree Corners, August 5, 2021 — A California company that makes surgical robots will invest $500 million in an Atlanta-area expansion, hiring 1,200 new workers by 2024.

Intuitive Surgical, based in Sunnyvale, California, announced its plans Wednesday. It’s one of the largest announcements in terms of jobs and investments in Georgia this year.

Intuitive said it already has about 180 employees at an office in Peachtree Corners, northeast of Atlanta. The company said it would build out a larger campus in the Gwinnett County suburb in phases by 2024. The company says it will create 750,000 square feet of space for manufacturing, engineering, medical worker training and administration.

One of the robot systems can cost $2 million or more. Surgeons worldwide used the company’s robots to perform more than 1.2 million procedures in 2020, Intuitive said. Its best-known product is the da Vinci Surgical System.

AD: High Museum of Atlanta

Marie Hodge Gordon, a spokesperson for the Georgia Department of Economic Development, said she couldn’t say how much incentives would be worth to Intuitive because the state has not yet signed a final agreement.

Intuitive could claim various tax breaks, including an income tax credit allowing it to annually deduct $1,250 per job from state income taxes, up to $7.5 million over five years, as long as workers make at least $28,000 per year.

Intuitive faces rising competition but told investors last month that it wants to continue to build out its offerings as a way of fighting new entrants to the market.

“We still think this is a great opportunity to continue to invest in ecosystem of products and capabilities at this point in time before a competition really gets any kind of toehold,” Chief Financial Officer Marshall Mohr said on a conference call. “And so we’re going to continue to invest.”

“Intuitive needs a highly educated, committed, and diverse workforce; quality infrastructure; and the right geography to meet the rising demand for minimally invasive surgical technologies,” Intuitive CEO Gary Guthart said in a statement Wednesday. – AP

 

Tags: Gwinnett Economic DevelopmentIntuitive SurgicalPeachtree Corners
Previous Post

U.S. plans to require COVID-19 shots for foreign travelers

Next Post

People fleeing Hong Kong crackdown get temporary US haven

Georgia Asian Times

Georgia Asian Times

Related Posts

Worker pay rises strongly as businesses fight to fill jobs
Business

US adds a surprisingly strong 517,000 jobs despite Fed hikes

February 3, 2023
Biden goes after fees levied for flights, hotels and tickets
Business

Biden goes after fees levied for flights, hotels and tickets

February 2, 2023
Here’s what the Feds Quarter Point interest rate hike means for you
Business

Here’s what the Feds Quarter Point interest rate hike means for you

February 1, 2023
Anti-Asian hate ‘runs the gamut,’ racist Yelp reviews show
Business

Anti-Asian hate ‘runs the gamut,’ racist Yelp reviews show

February 1, 2023
Radioactive capsule that fell off truck found in Australia
Business

Radioactive capsule that fell off truck found in Australia

February 1, 2023
After Tesla price cut, Ford follows suit with Mustang Mach-E
Business

After Tesla price cut, Ford follows suit with Mustang Mach-E

January 31, 2023
Next Post

People fleeing Hong Kong crackdown get temporary US haven

Signup Free E-Newsletter

Upcoming Events

Feb 18
6:00 pm - 11:00 pm

Spring Festival 2023

View Calendar
Logo

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

July 18, 2022

Video highlights of GAT 25 Most Influential Asian Americans in Georgia

July 17, 2022

2022 GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2022

LINKS OF INTEREST

ATL Asian Film Festival

GAT on Facebook

Lunar New Year of Rabbit - GAT Special Section
  • Contact Us
  • Advertise in GAT
  • ABOUT

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcast

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

Warning: unlink(/tmp/jnewsfirstload-LVwdCC.tmp): No such file or directory in /home/customer/www/gasiantimes.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142