Incentives for Baxter plant top $200 million

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Incentives used to lure a new pharmaceutical manufacturing plant and its 1,500 promised jobs to a site 40 miles east of Atlanta could exceed $210 million.

When Gov. Nathan Deal announced last week that Georgia had landed the high-tech Baxter International 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 and job tax credits. 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.

But the biggest chunk not included in the initial estimate: more than $107 million in local tax breaks and exemptions.

Read more of this story on the website of the Atlanta Journal Constitution.

 
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