Georgia leaders plan to review the state’s various tax credits, saying they want to ensure any credits provide a “significant return on investment” for Georgia’s taxpayers.
The review, announced Thursday, will include the oft-lauded film tax credit. House and Senate members will work with various industry stakeholders and state offices, including the Georgia Department of Economic Development, the Governor’s Office of Planning & Budget and the Georgia Department of Revenue.
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A full-service window replacement company plans to build its first manufacturing facility in Georgia. However, it’s unclear whether Georgia taxpayers will be on the hook for any part of it.
Renewal by Andersen, a division of Bayport, Minnesota-based Andersen Corporation, said it would spend more than $420 million on the manufacturing facility. Economic development officials said the company would create 900 new jobs as part of the project at The Cubes at Locust Grove in Henry County.
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by T.A. DeFeo A global apparel company plans to spend $87 million on a Bryan County manufacturing and distribution facility. Jersey City, New Jersey-based Komar Brands, a company established in 1908 and whose portfolio includes “owned, licensed, and private-label brands,” plans to create 294 new jobs as a part…
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A battery producer plans to spend more than $2.5 billion on a manufacturing facility in Coweta County.
FREYR Battery plans to create 723 new jobs over seven years as a part of its investment.
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An ammunition manufacturer plans to spend $60 million to build a new manufacturing and distribution facility in Bryan County, Ga.
Georgia officials would not say whether the state offered any tax incentives to encourage Norma Precision to build its new facility in Georgia. A spokeswoman for the Georgia Department of Economic Development told The Center Square that the project is “still active,” a designation that allows state officials to decline to release details about tax incentives the state offered.
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Work on electric vehicle manufacturer Rivian Automotive’s $5 billion plant will progress as planned despite an ongoing legal fight, officials confirmed to The Center Square.
Site grading began in the early fall, and the judge’s ruling does not affect progress on development, Marie Gordon, a spokeswoman for the Georgia Department of Economic Development, told The Center Square. However, Gordon deferred to a representative of a public affairs agency to answer more substantive questions about the project.
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A Morgan County judge has struck down a key component of a deal to entice an electric vehicle manufacturer to build a plant in Georgia.
Earlier this year, the Georgia Department of Economic Development and the Joint Development Authority of Jasper, Morgan, Newton and Walton counties announced a deal to give incentives totaling $1.5 billion to electric vehicle manufacturer Rivian Automotive. The company plans to build a $5 billion plant at Stanton Springs North along Interstate 20 in Morgan and Newton counties.
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Georgia officials have lauded the decisions of companies to either relocate their headquarters or expand their operations in Georgia.
Whether the state of Georgia offered tax incentives to those companies is a closely-guarded secret, and taxpayers will not know until the state says the project is complete and no longer “in progress.”
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Remington Firearms (RemArms) announced Monday that they will locate their global headquarters in LaGrange, Georgia.
RemArms officials, in a press release, also said they will open an advanced manufacturing operation and a research and development center in LaGrange. The press release did not elaborate.
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Remington Firearms (RemArms) announced Monday that they will locate their global headquarters in LaGrange, Georgia.
RemArms officials, in a press release, also said they will open an advanced manufacturing operation and a research and development center in LaGrange. The press release did not elaborate.
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Georgia officials have announced that economic development projects throughout the state during fiscal year 2021 have delivered record-setting jobs and investments. This, according to a press release that Georgia Gov. Brian Kemp and officials with the Georgia Department of Economic Development (GDEcD) published this week.
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