The Milledgeville-Baldwin County Development Authority created a simple, yet enterprising industrial tax abatement schedule that will soon be approved by the City of Milledgeville.
The Baldwin County Commissioners and the board of education previously approved the schedule.
In partnership with legal counsel and Georgia Power, the Development Authority drafted three different schedules for tax incentive purposes. The tax abatement schedules cover five, 10 and 15 years.
This government granted action encourages capital investment by reducing or exempting a certain entity from taxes for a specified period to incentivize companies to locate here.
For example, incoming companies with minimum 25 permanent jobs and $10 million investment would qualify for the five-year, 50 jobs and up to $100 million makes the 10-year incentive schedule and at least 100 jobs with more than $100 million spent clicks the project into the 15-year abatement slot.
Milledgeville-Baldwin County Development Authority Executive Director Matt Poyner said during Tuesday’s City Council work session that several active industrial projects would qualify by bringing more than 300 new jobs.
“These schedules aren’t unique to Milledgeville and Baldwin County,” Poyner said. “We are in line with our competition. It’s another tool to market the community and allows me to negotiate without having to come back and forth to you.”
Mayor Richard Bentley said one particular company was more interested in money incentive than Milledgeville’s quality of life.
“We need to be on par with the rest of our peer cities,” Bentley said.
The Milledgeville-Baldwin County Industrial Park is “showing well,” according to Poyner’s state feedback.
“We’ve had eight projects presented to us from the state in the last five months,” the DA director said Tuesday. “That’s more than we’ve had in the last six years. We are being aggressive on our end. This is another piece to show them that we are serious.”