(Editor's Note: A correction has been made to this article. See end of article for details.)
GoTextbooks of Little Rock on Wednesday announced that it had purchased a 276,000-SF warehouse to expand its business of fulfilling online textbook orders.
The company said the move will allow it to add 100 jobs at the newly purchased warehouse at 7200 Interstate-30. It already employs 100 at its primary facility at 6700 Sloane Drive in the Little Rock Port.
"We are excited about the jobs, revenue and growth opportunities that GoTextbooks will bring to our state," Matt Summitt, the company's chief financial officer, said in a news release.
"We are proud to grow this business in Arkansas. GoTextbooks will be able to serve students across the nation while positively impacting a multitude of local Arkansas people and businesses as well."
The company said it will invest more than $10 million in the warehouse, formerly owned by Cameron International Corp. of Houston. Arkansas Business reported Tuesday that the property sold Aug. 16 for $7.75 million to GTM I30 Holdings LLC.
The company said "significant updates" to the building will include a renovation of the office area. Once completed, the building will house more than 1 million textbooks for direct sourcing, the company said. It is also making upgrades to its property at the port.
The company expects work on the expansion to continue into 2023. It said it will be filling hourly and salary positions at both warehouses over the the next 12 months.
GoTextbooks said the moves are driven by its agreement, announced in June, to be Chegg Inc.’s new textbook fulfillment and operations provider. The publicly traded Santa Clara, California, company offers physical and digital textbooks and other learning materials.
According to the Arkansas Economic Development Commission, GoTextbooks' expansion qualifies for two state incentives: Advantage Arkansas, which provides state income tax credit for job creation based on the number of new employees hired as a result of the project, and Tax Back, which provides sales tax refunds on building materials, taxable machinery, and equipment associated with the project.
(Correction: A previous version of this article misstated the number of people the company is hiring.)