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Georgia Ports See Surge In Private Investments, Record Cargo Volumes

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Georgia experienced record cargo volumes, infrastructure development, and two new customers bringing a combined 1 million square feet of additional distribution center space to Savannah, Georgia Ports Authority (GPA) Executive Director Griff Lynch announced during his recent State of the Port Address. Georgia Ports Authority/Stephen B.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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GEORGIA IS “MARKET READY”. Georgia’s program, called the Georgia Ready for Accelerated Development Sites Program or GRAD, has helped 30 sites in 28 different communities become GRAD certified with 7 projects locating on GRAD sites to date. Ready for Development in Georgia (Photo: Georgia.org).

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Shovel-Ready Sites: Ready To Hit The Ground Running

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Nickson Industrial Warehouses is building three Class A tilt-wall buildings in the park, adding unique inventory to Tomball. All with 28-foot clear heights, the inventory will include two 25,200-square-foot and one 30,600-square-foot single-tenant office/warehouse buildings. PUTTING PUTNAM COUNTY ON THE MAP IN GEORGIA.

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Feature Story: Shovel-Ready Sites – Fired Up, Ready To Go

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Georgia’s GRAD program has certified 33 sites in 30 communities, drawing eight major projects to date, creating more than 3,000 jobs and bringing $2 billion in investments to the state. GRAD PROGRAM SPEEDS DEVELOPMENT IN GEORGIA. In February, Georgia Gov. Site awareness for statewide project managers and Georgia Allies partners.

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Feature Story: 2016 Economic Development Awards

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Two unique state programs are the winners of our Achievement in Public-Private Partnership awards: The Pennsylvania Department of Transportation (PennDOT) , for its Rapid Bridge Replacement Project; and the New Jersey Economic Development Authority for the Edison Innovation Fund. Top-ranked California, second-place finisher Illinois and no.

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State by State Incentives Guide

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Inventory is exempt from property tax. Bond proceeds cannot be used for working capital or inventory. That is, for property with a fair market value of $1 million, the assessed value would be $200,000. The combined state and local millage rate would then be applied to the assessed value. For more information, please visit this link.

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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Expand infrastructure connected with existing fleets, public transit and transportation corridors. The program ends December 2016.

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