Tuesday, October 03, 2006

Georgia

From the Macon Telegraph:

Macon Chips Inc., a local wood mill, is planning a $40-million expansion and wants to add about 15 workers, according to information provided during Monday's Macon-Bibb County Industrial Authority meeting.

In an effort to encourage the company to expand in Macon, the authority agreed to offer a more than $3.5 million tax incentive.

"The total value of this (tax abatement schedule) over 15 years to this company is $3.781 million," said Kevin Brown, the authority's attorney. "But (the company) will have a significant inflow to the government entities for over $2.2 million in revenue that otherwise would not be received."

Of note,
Authority member Charlie Bishop, who also is chairman of the Bibb County Commission, said that while he voted in favor of the tax abatement schedule at the authority meeting, "it doesn't mean I will vote the same way" at the County Commission meeting.

"At the same time, I want to say we value our existing industries as much, if not more, as we do new industries," Bishop said.

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