Comments on: County Signs Off On $53 Million Bond Issue For New Century Factory http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory Local News for Molino, Bratt, McDavid, Century, Walnut Hill, Cantonment Mon, 20 Apr 2026 13:31:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: David Huie Green http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory/comment-page-1#comment-188468 David Huie Green Sun, 24 Feb 2013 23:26:02 +0000 http://www.northescambia.com/?p=128707#comment-188468 ANSWERING: “Does anyone know why a tax free financing opportunity is offered?” Sorry I took so long to answer, I figured one of the others would've done so by now. They’re issued as a means of making it easier for new businesses to start up, thereby improving the local economy. (It doesn’t always work that way, but that’s the idea.) They figure fewer taxes now, more people working and paying taxes later. From http://www.investopedia.com/terms/i/idrb.asp “Industrial Development Revenue Bonds are issued by a government to assist a private company that might otherwise be unable to obtain financing for its industrial venture or unwilling to undertake the project on its own. The government's goal in providing the debt securities is to improve the economic and employment conditions of its region. “ David for civil answers ANSWERING:
“Does anyone know why a tax free financing opportunity is offered?”

Sorry I took so long to answer, I figured one of the others would’ve done so by now.

They’re issued as a means of making it easier for new businesses to start up, thereby improving the local economy. (It doesn’t always work that way, but that’s the idea.) They figure fewer taxes now, more people working and paying taxes later.

From
http://www.investopedia.com/terms/i/idrb.asp

“Industrial Development Revenue Bonds are issued by a government to assist a private company that might otherwise be unable to obtain financing for its industrial venture or unwilling to undertake the project on its own. The government’s goal in providing the debt securities is to improve the economic and employment conditions of its region. “

David for civil answers

]]> By: 429SCJ http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory/comment-page-1#comment-188446 429SCJ Sun, 24 Feb 2013 15:49:16 +0000 http://www.northescambia.com/?p=128707#comment-188446 @Just Thinking, I don't think DOC will complain about the proximity of the Bio Mass Plant. As our laws progress, it may prove to be a coincidence of convenience. Might give problem inmates and repeat offenders, something to consider. @Just Thinking, I don’t think DOC will complain about the proximity of the Bio Mass Plant.

As our laws progress, it may prove to be a coincidence of convenience.

Might give problem inmates and repeat offenders, something to consider.

]]> By: countrygirl http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory/comment-page-1#comment-188325 countrygirl Sat, 23 Feb 2013 16:51:53 +0000 http://www.northescambia.com/?p=128707#comment-188325 Does anyone know why a tax free financing opportunity is offered? Does anyone know why a tax free financing opportunity is offered?

]]> By: charlie http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory/comment-page-1#comment-188223 charlie Fri, 22 Feb 2013 23:39:02 +0000 http://www.northescambia.com/?p=128707#comment-188223 I'm glad no county money will be used.What about state or federal money?Monopoly money?euros?Surely not TAX money! I’m glad no county money will be used.What about state or federal money?Monopoly money?euros?Surely not TAX money!

]]> By: justthinkin http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory/comment-page-1#comment-188217 justthinkin Fri, 22 Feb 2013 22:28:27 +0000 http://www.northescambia.com/?p=128707#comment-188217 Looking at the aerial map shows a great stand of timber, the Town should cut the timber, declare it surplus, take bids and get out of landlord business. I need your land, give me a $53 million grant and I'll buy it. What is this solid waste disposal? Century has a golden goose in DOC, I would see how they felt about this facility being so close. Looking at the aerial map shows a great stand of timber, the Town should cut the timber, declare it surplus, take bids and get out of landlord business. I need your land, give me a $53 million grant and I’ll buy it. What is this solid waste disposal? Century has a golden goose in DOC, I would see how they felt about this facility being so close.

]]> By: ConcernedForCentury http://www.northescambia.com/2013/02/county-signs-off-on-53-million-bond-issue-for-new-century-factory/comment-page-1#comment-188176 ConcernedForCentury Fri, 22 Feb 2013 17:23:06 +0000 http://www.northescambia.com/?p=128707#comment-188176 This is great news for Century. I just hope that this man and his company have been properly vetted and that our city and county officials have actually visited his company in Savannah, GA and have spoken with city and county officials in Georgia about this company's "good neighbor" practices. The people of Century were dispointed a couple of years ago when a "semingly nice" gentleman promised to bring jobs to Century. We all remember how that ended. This is great news for Century. I just hope that this man and his company have been properly vetted and that our city and county officials have actually visited his company in Savannah, GA and have spoken with city and county officials in Georgia about this company’s “good neighbor” practices.

The people of Century were dispointed a couple of years ago when a “semingly nice” gentleman promised to bring jobs to Century. We all remember how that ended.

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