Texas Company Plans New Facility in Georgia

A Texas-based millwork manufacturer plans to spend millions on a new facility outside Athens, and Georgia taxpayers will cover the cost of workforce training.

San Antonio-based Steves & Sons plans to invest more than $100 million over the next three years on a new 310,000-square-foot facility in Jackson County. It plans to produce molded door skins annually for new housing construction, repair and remodeling. According to a release, the company will create 170 jobs as part of the project.

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Aerospace Company Plans to Build Electric Aircraft in Georgia, but Taxpayer Subsidies Are Unknown

An aerospace company offering “sustainable urban air mobility” plans to spend $118 million on electric vertical takeoff and landing aircraft manufacturing facility in Newton County.

Unsurprisingly, state officials would not say whether Georgia taxpayers will cover the cost of any incentives for the company.

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Georgia Taxpayers to Help Agribusiness Technology Manufacturer Build $35 Million Facility

A global agriscience technology manufacturer plans to invest nearly $35 million to launch a campus in Jasper County.

Profile Products, based in Buffalo Grove, Illinois, plans to produce wood-based erosion control technologies and horticulture substrates at the new plant. The company, which employs more than 500 globally, plans to create 80 new jobs as part of the project.

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Georgia Taxpayers to Provide $1.8 Billion in Incentives to Large Car Company for New Savannah Electric Vehicle Plant

Georgia governments and development authorities offered Hyundai Motor Group more than $1.8 billion in incentives.

In May, Hyundai said it had selected Georgia for its first fully dedicated electric vehicle and battery manufacturing facility. The plan calls for Hyundai to invest more than $5.5 billion in building the facility in the 2,923-acre Bryan County Megasite along Interstate 16, while non-affiliated Hyundai suppliers plan to invest roughly $1 billion in the project.

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Analysis Shows Education Vouchers Saved Georgia Taxpayers Money

Georgia’s school choice programs saved taxpayers at least $605 million in fiscal year 2018, an updated analysis by EdChoice found.

EdChoice examined the fiscal effects of 40 private educational choice programs in 19 states and the District of Columbia. The nonprofit found the Georgia Special Needs Scholarship Program and the Georgia Qualified Education Expense Tax Credit saved taxpayers between $605 million and $1.1 billion in fiscal 2018.

Each taxpayer saved money on the sum they would have paid in taxes for each student enrolled in the program to attend public schools. The programs saved each taxpayer between $4,355 to $8,013 per student, according to the report.

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Senate Approves Tax Cut for Georgia Taxpayers

The Georgia Senate has approved a bill that collectively would cut income taxes for individuals by more than $600 million over the next five years.

House Bill 593, dubbed the Tax Relief Act of 2021, raises the standard deduction on state income tax returns for a single taxpayer by $800 to $5,400 and by $1,100 to $7,100 for a married couple filing a joint return, starting in the 2022 tax year.

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