The Macon-Bibb County Industrial Authority is in talks with a company that could invest $100 million to bring more than 200 jobs here, said Pat Topping, senior vice president of the Macon Economic Development Commission.
Topping said the company is a manufacturer that had been hit by the recession. The business in 2008 had gotten tax abatement schedules approved that would make it less expensive to operate in Bibb County. On Tuesday night, the school board voted unanimously to approve the same tax abatement schedules it had voted on five years earlier.
This company is giving us an indication that, hey, we might have an opportunity. What we want to do is start laying the groundwork, Topping said.
Topping said hed been talking regularly with the business -- dubbed Project Venture -- and other potential prospects. The company is not Kumho Tire, Topping said, though he says he continues to speak with Kumho contacts. The Korean tire manufacturer began talks in 2008 to build a $225 million factory in Bibb County.
Under the tax abatement schedules approved by the school board, Project Venture wouldnt pay a majority of property taxes until year 14 of 20 on two of the schedules, and it wouldnt pay a majority of taxes until year 10 of 15 on the other tax schedule.
Interim School Superintendent Steve Smith said the Macon-Bibb County Industrial Authority is pursuing Project Venture.
They have re-engaged discussions with that employer, and it appears as though they may relocate in that area, said Smith, who said the tax abatement schedule looked similar to others hed seen. If they dont locate here, were not going to get anything. If they do locate here, well get something, he said.
Smith said the Bibb County Board of Commissioners will also be asked to approve the tax exemptions.
Topping told The Telegraph that the industrial authority continues to look for industrial sites that would be appropriate for the community, and has great assets in regional partners, including neighboring counties. He said the industrial authority is discussing bringing the company to Bibb County, though he declined to say what areas of the county are being considered.
To contact writer Mike Stucka, call 744-4251.