A new industry promising 60 jobs and a multi-million-dollar investment in western Douglas County will get a break on its property taxes.
Douglas County Commission last week voted to approve a resolution to allow a company, only identified publicly as “Project Buck,” to participate in the county’s 10-year tax savings incentive plan.
The county government typically offers the plan to new industries seeking to locate in Douglas County.
The company, identified generally as a Fortune 500 firm, is planning to invest $20 million in construction of a 415,000-square-foot building off U.S. Hwy. 78 in the Douglas County part of the city of Villa Rica, said Chris Pumphrey, director of the Douglas County Development Authority.
Company officials have “represented” it will create a minimum of 60 new jobs with wages averaging more than $30 per hour — about $12 above the average wage in Douglas County, Pumphrey said.
He said the company will relocate its manufacturing and distribution operation to the building, which will be located adjacent to a Southwire warehouse and Turano Georgia Bread on Trade Center Court.
“They’re bringing great jobs (and) a great liveable wage,” he told county commissioners.
Guider said she was glad the company was investing in a site in her southern and western district which has not traditionally seen as many economic development projects as other parts of the county in recent years.
“Prayer does work, by the way,” Guider said.
The company will make payments to the county in lieu of property taxes. The incentive plan allows it not to owe payments in the first three years, followed by owing only a portion of what it normally would pay in property taxes for the next seven years, according to the resolution.
The 36-acre site is in an area sandwiched between Hwy. 78 on the north and I-20 on the south, a site plan shows.