My AJC colleague Chris Quinn reports that the price of luring Baxter International to Georgia could be more than double last week’s estimate:
Incentives for luring a new pharmaceutical manufacturing plant and its 1,500 promised jobs to a location 40 miles east of Atlanta could exceed $210 million.
When Gov. Nathan Deal announced last week that Georgia had successfully landed the high-tech factory, the state Department of Economic Development estimated the state would give the company $80 million in incentives.
Alison Tyrer, the department’s spokeswoman, said she based the initial estimate on incentives that were specially crafted for Baxter. She did not include tax breaks and incentives every company can take advantage of, such as Baxter’s estimated $1.3 million in energy sales tax exemptions, or items such as $14 million training facility the state will build on Baxter’s site near Covington, which the state will own and potentially use for other training.
Tyrer also did not include local tax breaks and exemptions, which total more than $107 million.
- By Jim Galloway, Political Insider