Cover From Freeport, Ill., to Alpharetta A Case Study in Patience Around the State: Progress Request Information ![]() |
GEORGIA SPOTLIGHT, page 3
A Case Study in Patience
Not every site selection is that seamless. Take DaimlerChrysler, for example.
A critical deal component was securing legislative approval for the Enhanced Job Tax Credit, which pays qualifying employers up to $5,250 per job. An attorney for Mercedes told Georgia: "If you cannot pass this legislation, this is a deal-breaker." Georgia passed the bill, and the project was saved. "This was a very competitive project. And remember these incentives were agreed to by former Georgia Gov. Roy Barnes (D)," says Gatlin. "After the elections last November, we had an obligation to Mercedes to sell this entire package to Gov. Sonny Perdue and deliver this deal to the company. As it turned out, the legislation approving the final deal did not pass until midnight on the final day of the Georgia legislative session." That was just one close call among many throughout the 292 days it took to secure Project Blue Bell, as it was code-named, says Gatlin. At one point in early 2002, "we had 72 hours to either win or lose the project," says Peggy Jolley, senior vice president of the Savannah Economic Development Authority. "We had one mega-site, but we had five property owners, unknown land costs, unknown environmental issues and unknown historical significance." Researchers discovered that Union Gen. William Tecumseh Sherman had an encampment on the site during the Civil War. "Thank goodness it was Sherman and not Lee," says Jolley. The Georgia Ports Authority stepped in and offered to buy the land for the state, with the understanding that the entire 1,560 acres (632 hectares) would be deeded over to Mercedes if the company selected the location. Georgia bested two other finalists for this project: Charleston, S.C., and Jacksonville, Fla. (For more on the story behind this project, see the North American Reports in the March 2003 issue of Site Selection.) |
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