Tuesday, May 24, 2011

IDA EX.DIR RECOMMENDS DEBT PAY DOWN

AT  THE    MAY   MEETING  OF THE  THOMASTON-UPSON  DEVELOPMENT  AUTHORITY, EXECUTIVE  DIRECTOR  J.R. CHARLES MADE  A  RECOMMENDATION  THAT  THE  COMMUNITY SHOULD  LOOK  FOR  WAYS  TO PAY OFF  ITS INDUSTRIAL PARK  DEBT AS  SOON  AS  POSSIBLE. THE  RECOMMENDATION  COMES AFTER  CHARLES  ATTENDED THE  GEORGIA  ECONOMIC  DEVELOPERS  ASSOCIATION  SPRING  CONFERENCE,  WHERE HE  LEARNED THAT  PROSPECTIVE  INDUSTRIES  ARE  ASKING  COMMUNITIES TO  REDUCE THE  COST OF  INDUSTRIAL  LAND, IF NOT  COMPLETELY   ELIMINATING  THOSE  COSTS. CHARLES  SAID “ IN  THE  WAKE  OF  THE  RECESSION, COMPANIES ARE   LOOKING  TO COMMUNITIES  AS   INVESTORS RATHER  THAN AS  HOSTS, AND IF UPSON  COUNTY  WANTS  TO BE  COMPETITIVE IN  RECRUITING  INDUSTRY   WE  MUST  HAVE  A  PLAN  TO BRING  DOWN  THE  COST OF  INVESTING  IN  THE  COMMUNITY.”‘ THE  IDA HAS A RETREAT  PLANNED  FOR  JUNE  20TH  AND  PAYING  DOWN  PUBLIC  DEBT IS ON  THE  AGENDA.

1 comment:

  1. Doesn't it seem a little ironic that a "retreat" is planned to discuss debt?

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