Industrial giant Honeywell plans to open a significant operations center in the metro Atlanta area, people familiar with the matter told The Atlanta Journal-Constitution.
Gov. Nathan Deal’s office has scheduled a news conference Monday at the State Capitol where Deal and the company are expected to announce the project. The state Department of Economic Development declined to comment on the matter.
The project, said to involve a technology or software development center, is expected to create several hundred high-paying jobs. It was not immediately known if Honeywell has picked a location for the center.
The decision by Honeywell follows a similar announcement this summer by General Electric, which plans a digital hub in the city of Atlanta that will employ at least 250.
Morris Plains, N.J.-based Honeywell is a Fortune 500 maker of thermostats, fire systems, smart building software, aerospace systems, wireless communications and products for the energy exploration sector.
Honeywell is perhaps best known to the public for its hardware. But like GE, Honeywell has invested aggressively in software development, big data and what’s known as the Internet of Things, or the networked communication through the cloud of machines and sensors.
The company posted $19.5 billion in net sales through the first six months of 2016.
NCR, the maker of ATMs, retail checkout systems and travel kiosks, is another company doing much the same thing. NCR announced plans last year to move its headquarters from Gwinnett County to Midtown to tap into the talent emerging out of Georgia Tech.
The company is also exploring plans to expand its future headquarters even as the first phase is still under construction. NCR, which has not confirmed deliberations about an expansion, said in recent weeks its headquarters also will be home to a new innovation lab.
More as this story develops…