clearn.png
Sunday August 14th, 2022 9:37PM

Georgia spends $18.6M on new plant site after 2 big scores

By The Associated Press

FORT VALLEY, Ga. (AP) — The state of Georgia and the Peach County Development Authority have bought 1,100 acres (450 hectares) in the middle Georgia county for $18.6 million, hoping to attract a large industry like the Rivian Automotive and Hyundai Motor Group plants that have recently been announced east of Atlanta and near Savannah.

The state has already been marketing the land, which is 5 miles (8 kilometers) east of Interstate 75 near Fort Valley, but officials say owning it makes it more attractive to a user.

“It boils down to speed to market being a driving factor in a company’s decision making process,” said Jessica Atwell, a spokesperson for the Georgia Department of Economic Development. “The more we can do to speed up that timeline, the more likely a company is to choose a site.”

The development authority and state completed the purchase of four separate parcels of land on Wednesday.

The site also has access to the Norfolk Southern Railway and plans ready for development. A conceptual site plan posted online by Peach County officials shows it's large enough to host an auto assembly plant.

“It can provide for easy access to a site with utilities" for larger original equipment manufacturers, B.J. Walker, the development authority's executive director, told WMAZ-TV

Atwell said the state will “evaluate all opportunities” but that “we would prefer to locate a single end-user” who can make the best use of the site's advantages." The state must approve the lease or sale of the property, Atwell said. The state is seeing increased demand for large sites, she said.

Hyundai said in May that it would invest $5.5 billion on an electric vehicle and battery plant in the Bryan County hamlet of Ellabell that's projected to employ 8,100 workers. The state and local officials spent $61 million to buy 2,200 acres (900 hectares) in the county last year. They later agreed to add 2,900 more acres (1,173 hectares) for Hyundai at an, as of yet, undisclosed additional cost.

Rivian said in December that it would invest in a $5 billion electric truck plant east of Atlanta that’s expected to employ about 7,500 workers. That plant is located on 2,000 acres (800-hectares).

“Even after announcing the two largest projects in the State’s history back-to-back, we remain focused on attracting key industries and investment by providing the project sites companies need,” Gov. Brian Kemp said in a statement.

Rivian's location near Social Circle aroused opposition from neighbors who said it would spoil the rural area. At least some Peach County neighbors also say they they're not excited for a big factory on a two-lane highway now dominated by peach and pecan groves.

“The potential environmental impact, I think, that risk is greater than what we should take,” neighbor Harry Houpt said.

Peach County is already home to Blue Bird Corp., which has 1,800 workers at its school bus assembly plant.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Online Headlines - Georgia News
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Hot weekend for Europe, officials warn of extreme fire risk
People are flocking to parks and pools across Western Europe for a bit of respite from an early heat wave that saw the mercury rise above 40 degrees Celsius (104 Fahrenheit) in France and Spain
11:38AM ( 7 minutes ago )
Efforts spotlight slave who inspired beach name, local tale
The curious history of a Massachusetts beach named after an enslaved African American is the focus of new efforts to recognize the role of slavery along the state’s picturesque North Shore
11:21AM ( 24 minutes ago )
Biden, mulling tariff decision, will talk soon to China's Xi
President Joe Biden says he plans to talk to Chinese leader Xi Jinping soon as he considers whether to lift some Trump-era tariffs on Chinese goods
11:11AM ( 34 minutes ago )
Associated Press (AP)
Biden's optimism collides with mounting political challenges
President Joe Biden’s top political advisers are bracing for big election losses in November
9:01AM ( 2 hours ago )
EXPLAINER: How did Russia-Ukraine war trigger a food crisis?
Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world.”
4:46AM ( 6 hours ago )
Iowa doors swing open for Republicans eyeing White House run
At least a half-dozen GOP presidential prospects are planning Iowa visits this summer now that the state's June primary has come and gone
12:51AM ( 10 hours ago )
AP Business
Peruvian president faces investigation in corruption case
Peruvian President Pedro Castillo appeared before national prosecutors to answer questions regarding an ongoing investigation in which he is accused of being the leader of an alleged criminal conspiracy that received bribes for public works contracts
2:02PM ( 21 hours ago )
US sanctions Nicaraguan gold mining firm over ties to Russia
The U.S. has imposed sanctions on Nicaragua’s state-owned gold mining company and the president of its board of directors partly over the Central American nation’s ties to Russia
12:57PM ( 22 hours ago )
Vince McMahon will step down during WWE misconduct probe
Vince McMahon is stepping down as CEO and chairman of WWE during an an investigation into alleged misconduct involving the longtime leader and public face of the organization
11:11AM ( 1 day ago )
AP Business - Corporate News
Braves' 14-game win streak, Cubs' 10-game skid both end
The Chicago Cubs became the first team in 23 years to stop a losing streak of 10 or more game while ending an opponent’s winning streak of at least 10 games, beating the Braves 1-0 to end the Braves’ 14-game run
7:26PM ( 16 hours ago )
Braves' 14-game win streak, Cubs' 10-game skid, both end
The Chicago Cubs became the first team in 23 years to stop a losing streak of 10 or more game while ending an opponent’s winning streak of at least 10 games, beating the Braves 1-0 to end the Braves’ 14-game run
5:41PM ( 18 hours ago )
Column: Are Savannah Bananas the cure for baseball's ills?
More than 90 minutes before the first pitch, it’s clear this is not just another baseball game
3:12PM ( 20 hours ago )
AP Online - Georgia News
AP Online Headlines - Georgia News
Hot weekend for Europe, officials warn of extreme fire risk
People are flocking to parks and pools across Western Europe for a bit of respite from an early heat wave that saw the mercury rise above 40 degrees Celsius (104 Fahrenheit) in France and Spain
11:38AM ( 7 minutes ago )
Efforts spotlight slave who inspired beach name, local tale
The curious history of a Massachusetts beach named after an enslaved African American is the focus of new efforts to recognize the role of slavery along the state’s picturesque North Shore
11:21AM ( 24 minutes ago )
Biden, mulling tariff decision, will talk soon to China's Xi
President Joe Biden says he plans to talk to Chinese leader Xi Jinping soon as he considers whether to lift some Trump-era tariffs on Chinese goods
11:11AM ( 35 minutes ago )
Brazil: police arrest 3rd suspect in Amazon deaths
Brazil’s federal police said Saturday that a third suspect in the deaths of British journalist Dom Phillips and Indigenous expert Bruno Pereira has been arrested
11:09AM ( 36 minutes ago )
Bitcoin drops below $20,000 as crypto selloff quickens
The price of bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening
10:54AM ( 52 minutes ago )