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1 1 Economic Development Quarterly S p r i n g 2 0 1 5 2015 MANUFACTURER OF THE YEAR 2015 Industry 2015 Industry Appreciation Awards Appreciation Awards Firefly Trail Fundraiser Firefly Trail Fundraiser GRU/UGA Medical GRU/UGA Medical Partnership Partnership Internships Internships
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Economic Development Quarterly

Spring 2015

2015 MANUFACTURER OF THE YEAR

2015 Industry 2015 Industry Appreciation AwardsAppreciation Awards

Firefly Trail FundraiserFirefly Trail Fundraiser

GRU/UGA Medical GRU/UGA Medical Partnership Partnership InternshipsInternships

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Q U A R T E R R E W I N D

F A S T F O R W A R D

New Projects 3

Clients Hosted 5

Existing Industry Visits 6

Future Bookings are confirmed events under contract with a venue and/or hotels.

Future Room Nights are the number of rooms secured on behalf of the event with rate commitments and group contracts.

Attendees is the estimated number of people to attend the contracted events.

Economic Impact is estimated using the following formulas from Destination Marketing Association International (DMAI)- estimated spending per day per

attendee is $214.64 for conventions, $297.11 for conventions with trade shows and $150.27 for a sporting event.

Athens Convention & Visitors Bureau Sales Report

Future Bookings Future Room

Nights Attendees

Estimated Economic

Impact

January 2015 13 2,651 2,131 $774,000

February 2015 4 5,242 6,200 $2.2M

March 2015 19 1,015 829 $282,810

Total for Quarter 36 8,908 21,989 $3.3M

YTD 36 8,908 42,580 $3.3M

May 12 Tech on Tuesday

10 am, 2 pm, 6 pm @Easom Building (Building F) at Athens Technical College

https://www.athenstech.edu/ Spotlight.cfm?i=94

Prospective students are invited to TECH on Tuesdays. Information on applying for admission to Athens Technical College will be covered during these information sessions. College staff will also discuss the financial aid application process and the placement testing procedures. Participants also take a tour of the Athens Campus as part of TECH on Tuesdays.

May 21 LUNCH & LEARN: Technology Tools and How to Use them in Your Business

11 am– 1 pm @ Athens SBDC, Chicopee Complex, $30 www.georgiasbdc.org It is vital for you as a small business owner to know, understand and use today's advanced technologies to help run and keep your small business on track. This seminar will go over the different types of technology that is useful and helpful to your business. Deciding which tools are best for your company will help keep it functional and can, also, help increase and expand it.

June 13 UGA Starting a Business

6:00 pm 3 hours @Chicopee Complex, $69 www.georgiasbdc.org The Starting A Business workshop covers important tools and resources a business owner needs to establish a solid foundation during its early formative years.

June23 UGA– Writing A Business Plan

6:00 pm 3 hours @Chicopee Complex, $69 www.georgiasbdc.org A customized step by step integrated action plan that is essential to the success of your business. A customized step by step integrated action plan that is essential to the success of your business.

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CONTENTS Spring 2015

IN EVERY ISSUE:

From the Director 9 Quarter Rewind and Fast Forward 2

CVB Sales Report 2Featured Properties 10

2009

Manufacturer of the Year

NORAMCO was honored with the 2015 Manufacturer of the Year Award

Industry Appreciation Dinner & Awards

Our department hosted our 2nd annual dinner for our local industries

Blazing Trails: Ticket-to-Ride event raises funds and awareness for

Firefly Trail

The Next Generation of Internists

Athens’ St. Mary’s Health Care System teams with GRU/UGA Medical Partnership to train internists

Join us online! #AthensGAUSA

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Contact the Department Athens-Clarke County Economic Development Department 246 W. Hancock Ave., Athens, GA 30601 706-613-3233 www.AthensBusiness.org

PublisherDenise Plemmons

Contributors Dr. Andrea Daniel

Amy Lopp Tripp McKenney

Ryan Moore

ON OUR COVER:

NORAMCO, INC.

8

Papaver somniferum, the opium poppy, is the species of plant from which opium and poppy seeds are derived. Opium is the source of many drugs, including morphine, thebaine, codeine, papaverine, and noscapine. The Latin botanical name means the "sleep-bringing poppy", referring to the sedative properties of some of these opiates.

NORAMCO utilizes patented poppies and innovative technologies to generate high purity narcotic raw materials. Their vertical integration provides a secure supply of opiate derived raw materials, intermediates and API’s for their global customers.

Tasmanian Alkaloids located in Tasmania, Australia is the world’s largest producer of Thebaine and Oripavine. Tasmania’s rich, fertile soils, combined with a maritime, temperate climate and the availability of irrigation to supplement natural rainfall make it the ideal place in the world for improving and harvesting their patented varieties of Papaver Somniferum poppies.

Wilmington, DE Narcotic Intermediates

Narcotic APIs

Athens, GA Multipurpose Narcotic APIs

UK Partner Geel, Belgium

Schaffhausen, Switzerland

Tasmanian Alkaloids Narcotic Raw Materials

Narcotic APIs

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N ORAMCO, a subsidiary of Johnson & Johnson, was formed in 1979 to design, construct and manage a bulk active pharmaceutical ingredient plant in Wilmington, Delaware to support Ortho-McNeil

Pharmaceutical's Tylenol® with codeine business. In 1982, an expansion of the company occurred with a site added in Athens, Georgia and NORAMCO now contributes to a billion dollar franchise in pharmaceutical products worldwide. Specifically the Athens, GA site which employs 210 employees has maintained a positive economic impact of over 20 million dollars including employment and community service programs.

NORAMCO’s excellence in manufacturing goes back to the source of raw material. They are the only US manufacturer vertically integrated backwards to the field. This means that they maintain a distinctive and reliable supply chain for their opiate-derived API’s (active pharmaceutical ingredients) by developing and growing their own patented poppy strain. To support their booming business, Noramco employs a global API supply chain, manages dual US facilities and utilizes affiliate and partner sites in Switzerland, Belgium, UK, and Australia.

NORAMCO has a reputation as an excellent corporate citizen and was recently recognized with an O.W.L. Award (Outstanding Workforce Leader) by the Athens Technical College Foundation. Noramco has developed valuable partnerships with educational institutions, from kindergarten through college, and has donated time and funds to various local charitable organizations.

For example, NORAMCO is a tremendous supporter of the United Way of Northeast Georgia. The average donation for the United Way is $250 per employee. The Athens NORAMCO site employees almost double that amount at close to $500 a head. Employees and the management team are also one of the biggest contributors consistently to the March of Dimes.

Dominique De Yaeger, General Manager, has shared how very proud he is of his employees and team members. Dominique has personally stated that his employees and management team truly rally around community causes. One such cause includes employee Sam Salamone who was a member of LEAD Athens and along with three other members, they created an event and fundraiser called Automatic for Autism. Autism is the fastest growing disability in the United States. With the help of the Chamber of Commerce’s LEAD Athens program and NORAMCO member, Sam Salamone, an endowment fund at the University of Georgia has been created to offset costs for families that cannot afford the necessary clinical support for autistic children.

Additional programs supported by NORAMCO employees include the Adopt-A-Highway, Rivers Alive, American Red Cross, Empowered Youth Program, Prevent Child Abuse Athens, Power of the Purse (a women’s leadership program), and the Georgia 4-H Foundation.

Some of the volunteer efforts of NORAMCO employees and management team include the Military Youth Advisory Council, Boy Scouts, YMCA, the American Cancer Society, Leukemia and Lymphoma Society, Athens Regional and St. Mary’s Hospitals, Day of Caring Program, and the Angel Tree. NORAMCO management supports these efforts in multiple ways including issuing leave hours in exchange for employee involvement in volunteer service to the community.

Education partnerships include Athens Technical College and the K-12 community. NORAMCO recognizes and embraces their role in working together with educational entities to have a skilled and qualified work force. Their partnership with Athens Tech led to NORAMCO being awarded the Outstanding Workforce Leadership Award by the Athens Technical College Foundation.

This has been an exciting year for NORAMCO. Along with their local awards and community achievements, the company also is anticipating the release of innovative new products. A new line of bio-absorbable hemostat cloths which are used to stop bleeding during and after surgical procedures is awaiting approval and will result in a $25 million investment. The company is working on getting a Kickstart project approved.

2015 ATHENS-CLARKE COUNTY MANUFACTURER OF THE YEAR

Athens Technical College President Dr. Flora Tydings (3rd from left) presents Susan Daniel, Sandra Mathis & Dominique De Jaeger (all NORAMCO) with the 2015 Manufacturer of the

Year Award at the Industry Appreciation Dinner on April 8, 2015.

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015

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Commissioner Harry Sims gives Peterson Spring a key to the city

A thens-Clarke County’s annual Industry Appreciation

Dinner was held last week to celebrate the

contributions that local manufacturers make to the

Athens community. The event was attended by

over 100 guests, including local, State and national elected

officials, community leaders and the captains of industry

throughout Athens. Gus Whalen, of the Warren Featherbone

Foundation, presented the Keynote Speech that inspired the

audience with the persistence and ingenuity of the Warren

Featherbone Company, a business that has been in his family

for over 100 years. The event was held at the recently

renovated Cotton Press in the Chase Park Warehouses.

The highlight of the event was the presentation of the

Manufacturer of the Year Award. Dr. Flora Tydings, president

of Athens Technical College, presented Mr. Dominique De

Jaeger, General Manager of NORAMCO, this prestigious award

for NORAMCO’s significant contributions to our local and

regional economy. NORAMCO, a manufacturer of

pharmaceutical products, has operated in Athens since 1982.

They have had an impact of over 20 million dollars through

employment and community service programs. NORAMCO is

an incredible steward of the Athens community and is deeply

committed to causes of youth development and empowerment,

disaster relief and professional development. Their employees

are frequent volunteers for dozens of local non-profits and the

company contributes substantially to their educational partners

in both the K-12 and technical college systems. “NORAMCO is a

Johnson & Johnson company and as such we run our day to day

business according to the values embedded in Our Credo, ”

shares De Jaeger. “Giving back to the community in which we

have the privilege to operate is a key element of Our Credo.

Being recognized with the “Manufacturer of the Year” award is

a monumental achievement for us at Athens NORAMCO

plant. It shows that we are an integral part of the Athens

community and appreciated for what we do, which is a

top priority for the Johnson & Johnson family of companies.”

NORAMCO was also recently honored with an O.W.L.

(Outstanding Workforce Leader) Award for their impact on the

educational system and the workforce of tomorrow.

NORAMCO is just one of many manufacturers who make a

significant impact on the local economy. However, the impacts

of manufacturing are often overlooked. In Athens-Clarke

County, industrial properties accounted for over ninety million

dollars in tax digest growth from 2013 to 2014 and

manufacturers employed over six thousand workers. Research

has shown that for every job that is created in manufacturing,

an additional 3 are created in support industries in the

community. These jobs are highly desirable, as manufacturing

pays a wage that is 40% higher than the average for our

community.

Several other local manufacturers were honored at the dinner.

Merial, an animal health product company in Athens for over 25

years in Athens, Thornton Brothers, a janitorial supply company

Economic Development Department Director Ryan Moore welcomes the crowd to the second annual Industry Appreciation Dinner & Awards.

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015 5

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in Athens for over 75 years, and Peterson Spring, an

engineered metal products company celebrating 100 years of

incorporation, were recipients of Community Commitment

Awards for their ongoing engagement with the Athens

community. Over the years, these companies have employed

hundreds of people and invested directly in the Athens

economy through capital improvements and charitable

donations.

The event was hosted by the Athens-Clarke County Economic

Development Department and sponsored by Georgia Power,

Williams & Associates Land Planners, Pattillo Construction,

Atlanta Gas Light, Athens Regional Medical Center and Athens

First Bank & Trust. Cary Foster of Peterson Spring receives the Community Commitment Award for 100 years in business from Mayor Nancy Denson.

Clay Gilbert and Kerrie Lang of Thornton Brothers receive the Community Commitment Award for 75 years of business in Athens

from Mayor Nancy Denson.

Dr. Roberto Alva of Merial Limited receives the Community Commitment Award for 25 years of business in Athens from Mayor Nancy Denson.

Gus Whalen, of the Warren Featherbone Foundation, presented the Keynote Speech.

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015 6

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Blazing Trails: Ticket-to-Ride event raises funds and awareness for Firefly Trail

T he annual Ticket to Ride event, a mass participation bicycle event to promote creation of a 39-mile rail-trail from Athens to Union Point, was attended by a record number of cyclists this year. Over 215 attendees

suited up on March 21st, departing from the Jittery Joe’s Roasting Company on Barber Street to show their support for the proposed pathway. The money raised by the event will fund outreach efforts to further the planning and construction of the trail.

Athens was the first community to jump on board for the construction of the Firefly Trail, including it in its 2005 SPLOST and 2011 SPLOST project lists. Plans call for the trail to follow traverse from Athens through Winterville, Arnoldsville, Crawford, Stephens, Maxeys, Woodville and concluding in Union Point. The exact route has not been finalized beyond Athens-Clarke County’s borders, but the trail is gaining popularity with Oglethorpe and Greene County residents, according to Firefly Trail Inc. president Mike Hall.

Greenways and trails have significant economic impacts on a community. A similar length trail in Virginia sees revenues of 2.2 million dollars annually to the communities it serves, with 1.2 million of those dollars coming from non-local visitors. Trails like this draw in tourism and spur new businesses, from service-related ventures like bike rentals and guided tours to traditional tourism-related operations such as restaurants and lodging facilities. Trails can often serve as the economic engine for small communities. This was the case when the Pinellas Trail, a 38 mile trail running from Tarpon Springs to North St. Petersburg, Florida, was constructed through the small town of Dunedin. At the time, downtown Dunedin was struggling with vacancy rates at 65%. Within a few years of the trail’s completion through town, downtown storefronts were at 100% occupancy and the trail is now touted by residents as having brought the dying town back to life.

Recent studies also show that trails have a considerable positive impact on the value of adjacent property. Land adjacent to an Oregon greenbelt was found to have additional value of $1200 per acre compared to land a mere 1000 feet away. A recent National Association of Homebuilders survey found that trails are the second most important community amenity for potential home buyers, ahead of public parks and outdoor pools. Many other communities have also leveraged these trails for safe commuting alternatives, which make their cities more attractive to the millennials who state that transportation options as one of their top three factors when selecting a place to live. According to Zillow.com, millennials are set to become the largest home-buying bloc by the end of this year and their preferences will dominate the residential housing market for the next few decades.

These types of trails also serve as an educational tool, teaching users about the environment and conservation of natural resources. They often tie in historic preservation efforts, using historic structures as landmarks along the route. Such is the case with the proposed Firefly Trail, which could feature historic train depots as resting places along the route, as well as passing by numerous historic homes.

Athens is fortunate to already have in-place a 3.5 mile multi-use path constructed connecting Sandy Creek Nature Center to Dudley Park and the campus of the University of Georgia. The trail is managed by ACC staff and overseen by the members of the Oconee Rivers Greenway Commission, who assist in the overall design and planning of the trail network, as well as the protection of the adjacent rivers and streams. The existing greenway network and the proposed Firefly Trail will be seamlessly connected, further increasing the transportation and recreation options for Athens’ residents and visitors.

Cyclists at the Winterville Train Depot.

Cyclists at the starting line in the Jittery Joe’s Roasting Company parking lot on Barber Street in Athens.

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015

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ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015 8

The Program. GRU/UGA Medical Partnership, a collaborative

effort between Georgia Regents University and the University

of Georgia, has taken a big step towards addressing the critical

shortage of physicians in Georgia through the creation of The

Internal Medicine Residency Program along with St. Mary’s

Health Care System. Applicants to the program were recently

matched and the first accepted class will begin their residency

education in Athens on July 1, 2015.

“Being the site of the first medical residency program in

Northeast Georgia is a tremendous honor for St. Mary’s,” said

Bruce Middendorf, M.D., St. Mary’s Chief Medical Officer.

“Residents bring new energy and enthusiasm into our clinical

areas. At the same time, working with these new physicians is

exciting for our medical staff. We are looking forward to

welcoming our first-ever residents and to working with them to

further raise the bar for clinical excellence at St. Mary’s and

across Northeast Georgia. This is a great day for our

community.”

Residents are physicians who have completed medical school

and are ready to begin a supervised training period which leads

to medical licensure. This group of physicians will complete a

three-year Internal Medicine residency at St. Mary’s, practicing

alongside experienced doctors to gain sophisticated

knowledge, skills, and experience in their chosen field. Internal

Medicine residents focus specifically on the prevention,

diagnosis and treatment of disease in adults.

Economic Impact of the Program. A 2008 report to Georgia’s Board of Regents found that our state would face a shortage of 2,500 physicians by the year 2020 if capacity for medical school students and residents were not expanded. A physician shortage affects more than just the quality of healthcare available to citizens – it also adversely affects the local and state economy. Researchers at UGA’s Carl Vincent Institute of Government found that the average private physician practice provides 13 jobs, $640,000 in personal income for those jobs, and a total economic impact of $1.5 million. Using University of Georgia’s trademarked modeling system to estimate the economic impact of increasing the number of trained physicians by 500 a year beginning in 2016, they determined an increase in economic output of about 8.6%, without a measureable effect on the average amount of economic activity generated per physician. These findings underscore the

importance of educating and training additional physicians and encouraging them to stay and practice in our state.

The Difference-Makers. The inaugural class for Athens internal

medicine residency has a strong connection with Georgia. Five

of the ten selected individuals attended the University of

Georgia for their undergraduate degrees, and one is a “Double

Dawg” who also received his graduate degree through the

Medical Partnership Class, graduating in 2015. Others accepted

have ties to Emory and Georgia Tech and other southeastern

schools.

“We are very pleased that in the first year of our joint

residency program, all 10 available positions have been filled,”

said Don McKenna, St. Mary’s President and CEO. “To me, this

speaks volumes about the attractiveness of our new program

to the next generation of physicians. We are proud to be an

integral part of this effort to bring more medical doctors to

Georgia and to the Athens region in particular.”

“It is a compliment to the community of Athens and the area

physicians that so many applications were filed, and our team

worked hard to identify individuals who would be the best fit

for this program. These 10 individuals will help address the

need for more physicians in the State of Georgia” said Michelle

A. Nuss, M.D., Campus Associate Dean for GME at the GRU/

UGA Medical Partnership.

These residents will arrive in Athens on June 24, 2015, for

orientation and will begin work in the hospital on July 1, 2015.

The internal medicine residency program can accommodate 10

residents in the inaugural year, with another 10 in 2016 and 10

more in 2017 for a maximum of 30 residents total.

Athens’ St. Mary’s Health Care System teams with GRU/UGA Medical

Partnership to train the next generation of internists

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O ne doesn’t have to walk very far in Athens to

become aware of the diversity that exists in this

community. The breadth and depth of

knowledge and experience in this town is as

dense as any major metropolitan city anywhere in the United

States, and yet in Athens, everyone knows their neighbor. This

is a special place.

I recently participated in a bond rating agency meeting for a

bond refunding to occur in Athens. These meetings are an

opportunity for the participants to impress upon rating

agencies such as Moody’s, Fitch, and Standard and Poor’s the

relative strength of our local economy. A higher rating results

in a lower cost of debt and can make a substantial difference

to the Unified Government’s bottom line given the magnitude

of certain bond issuances. The strength in diversity of our local

economy was a common theme heard from the presenters.

You see, we are a diverse people, but we are also a very

diverse economy. Obviously, the education community is our

stalwart. In many ways buffered from the cyclical nature of

the national and local economy, Athens is bolstered by the

relative consistency of the University of Georgia, Athens

Technical College and the nearly 10,000 educational sector

employees working here in Athens. But our economy is more

than that. Outside of the educational sector, major economic

drivers include healthcare, tourism, retail services, and

manufacturing. There aren’t many places that offer that kind

of variety. Delving further into our private business sector, we

are very diverse. Small businesses, the service industry, heavy

manufacturing, and high tech production all take place in

Athens. Not only does this community produce great talent,

we also produce technology, pharmaceuticals, and fighter jet

parts!

So it is important that we embrace this diversity in our

community, in our economy, and also in our economic

development efforts. Economic development must exist in

many different sectors for our community to be a success. We

are privileged to work with our partners here in Athens such

as the Chamber of Commerce, the Downtown Development

Authority, the Classic Center, UGA, Athens Technical College,

and the CVB among others. We are fortunate to have

professionals engaged in each of these organizations who are

supportive of collaboration.

It is paramount that we all work together. Economic

development is not a zero-sum game which is defined as: a

specific example of constant sum game where the sum of

each outcome is always zero. Such games are distributive, not

integrative; the pie cannot be enlarged by good negotiation.

We must all shift our focus from short term gains to long

terms results.

There are many economic development related organizations

in Athens, and all contribute to the economic development

pie. But to be truly successful, we have to engage and

collaborate in ways that lead to efficient use of resources. In

so doing, we can begin to grow the pie, and not just share it.

Athens is diverse in population, economy, and economic

development. We are proud to work with our partners to

grow together and to create a culture of collaboration.

From the Director

A Culture of Collaboration by Ryan Moore

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015 9

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Featured Building

10

Gas: Atlanta Gas Light

Water: Athens-Clarke Water

Sewer: Athens-Clarke Sewer

Electricity: Customer choice

Fire Protection: Athens-Clarke County (ISO 2)

Large established former Athens automobile dealership and former tractor dealership on high traffic Atlanta Highway near the intersection of the Athens Perimeter and Hwy

78 West. Highly visible, Includes showroom and 2 large service buildings on approximately 7.39 Acres. 332 +/- Ft. of road frontage on Atlanta Hwy.

Purchase Price: $2,600,000

Location Address: 2740 Atlanta Highway Athens, Georgia 30606

Building Size: 3 buildings with total square feet

of 31,544

Lot Size: 7.39 acres

Zoning: C-G

Nearest Interstate: I-85 (22 miles)

Nearest Georgia Port: Port of Savannah Garden City Terminal (225 miles)

Nearest International Airport: Hartsfield-Jackson Atlanta International (66.5 miles)

Rail Served No

Freeport Taxes: 100% EXEMPTION, CLASS 1 RAW MATERIALS, CLASS 2 GOODS IN PROCESS/

FINISHED GOODS, CLASS 3 TRANS-SHIPMENT GOODS, Tier 2: Job Tax Credits $3,000 per job, 5%

Investment Tax Credit, & other Tax Incentives

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015

2740 ATLANTA HIGHWAY

2740 ATLANTA HWY

PROPERTY INFORMATION

UTILITIES

TRANSPORTATION

TAXES & INCENTIVES

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Featured Acreage

11

The property is mostly wooded with a mix of hardwoods and pines. There is a creek running

through the northwest portion of the property with a few additional fingers running off of it. It's

a large industrial site in the Athena Industrial Park that adjoins other property also for sale

that could be assembled into over 455 acres with access to CSX Rail.

For Sale: Yes

For Lease: No

Acreage Price: $15,000

Location Address: Pittard Road

Athens, GA 30601

Lot Size: 193.7 acres

Will Subdivide?: Yes

Zoning: AR

Millage Rate: 13.70

Opportunity Zone: No

Gas: Atlanta Gas Light

Water: Athens-Clarke Water (12 in)

Sewer: Athens-Clarke Sewer (8 in)

Electricity: Customer choice

Fire Protection: Athens-Clarke County (ISO 2)

193.7

acres

Nearest Interstate: I-85 (23 miles)

Nearest Georgia Port: Port of Savannah Garden City Terminal (217 miles)

Nearest International Airport: Hartsfield-Jackson Atlanta International (85 miles)

Rail Served CSX Rail access on the northern edge of the property

Freeport Taxes: 100% EXEMPTION, CLASS 1 RAW MATERIALS, CLASS 2 GOODS IN PROCESS/

FINISHED GOODS, CLASS 3 TRANS-SHIPMENT GOODS, Tier 2: Job Tax Credits $3,000 per job, 5%

Investment Tax Credit, & other Tax Incentives

BULLOCK TRACT

ATHENS, GA USA

ECONOMIC DEVELOPMENT DEPARTMENT www.AthensBusiness.org 706-613-3233 Spring 2015

ATHENA INDUSTRIAL PARK BULLOCK TRACT

PROPERTY INFORMATION

UTILITIES

TRANSPORTATION

TAXES & INCENTIVES

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13-17

You support schools, police and fire departments. When

you shop small, the bulk of the money you spend and

most of your taxes stay local — helping schools, paving

streets, keeping you safe. According to the research

firm Civic Economics, for every $100 you spend:

In a local small business, $68 stays in your

community.

At a local branch of a chain store, $43 remains in

your community.

You’ll raise your property values. Lively, vibrant

neighborhood shopping streets are considered an

advantage when selling a home. They make your

property more valuable.

You’ll strengthen your community. Local businesses are

owned by people who live in your town, go to your

church or synagogue, donate to local animal shelters,

coach Little League teams. When you spend money in

their stores and cafes, you support your neighbors.

SUPPORT THE AREA WHERE YOU

LIVE, WORK AND PLAY.


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