To help convince Aspen Aerogels to locate its new factory in Bulloch County, county commissioners, the development authority and the city of Statesboro provided an incentive package valued at roughly $4.25 million. Besides land from the development authority, site work by county employees and water and sewer lines to be extended at the city’s expense, the package includes a 10-year abatement of the county government portion of property taxes, worth a projected $2.3 million. "We think that this package that we offered is very reasonable and it's based on the market for industrial recruitment,” said Benjy Thompson, CEO of the Development Authority of Bulloch County.
Aspen incentive package could reach $4.25 million
Officials: It was what we had to do to get this industry