The
Client:
Big Box Retail
The Location:
Newbridge, Georgia
Average Annual Sales (per store):
$30 million
Employees:
125 new full-time
50 new part-time
Incentive Package:
IDA
Incentive Dollars:
$2.5 million
The Situation:
Our client, a major big box retailer, wanted to expand into Georgia. The project
costs for developing this new site were budgeted at $15 million.
Approach:
TCM created a vehicle which allowed the retailer to avoid property taxes on the
property for 20 years. This included both personal and real property taxes.
Results:
The client received a total of $2.5 million dollars to improve its ROI on the
project and allowed the local municipality to enjoy the sales tax revenue from
such a project.
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