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Toombs County, Georgia

The Toombs County, GA, BDO Zone for woody biomass is rated ‘AA’.

Rating Issue Date: December 12, 2023.

‘AA’ ratings denote very high prospective viability of Feedstock Supply and Infrastructure and very low expectations of default risk in the Zone. They indicate very strong ongoing capacity of the region to support new biobased plant operations. This capacity is not significantly vulnerable to foreseeable events.

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BDO Zone Rating

Toombs County, GA, BDO Zone Overview

Feedstock quantities are expressed in green tons per year (gt/yr), while feedstock costs are expressed in USD ($). Maximum transport distance is based on a 75-mile driving distance from the center point (Lyons, GA).

BDO Zone Assets:

1,600,000 gt/yr of pulpwood available at low risk.
A highly productive forest products industry guarantees a stable supply of biomass.
Forestry supply chain is well established and efficient.
State and county government support of the forest products industry.
Industrial and transportation infrastructure is compatible with large-scale bioeconomy projects.
Toombs County is a probusiness community with low operating costs and a relaxed quality of life.

BDO Zone Liabilities:

A growing global industrial wood pellet industry may result in increased competition for pulpwood.
Insurance requirements are contributing to a shortage of logging truck drivers.
Logging company ownership and management is aging and may face difficulties with the transfer of ownership upon retirement.
Georgia enacted legislation in April 2006 (HB 1018) creating an exemption for biomass materials from the state’s sales and use taxes. It is not clear how much longer this incentive will continue to be offered.

Infrastructure

New 605-acre industrial park annex under development at U.S. Highway 1 in Lyons, Georgia. Located 13 miles south of Interstate 16 and less than 90 minutes to major East/West and North/South transport corridors as well as global markets via the Port of Savannah.

The 100,000 sq ft Toombs Corporate Speculative Building, Toombs Corporate Center at U.S. Highway 1, Lyons, is located on a 12.714-acre site, features a 30 ft clear height and is expandable to +/-200,000 sq ft.

For more information visit www.toombsconnect.com.

Contact Info

Ryan Magwood

Head of Business Development

BDO Zone Initiative

ryan@bdozone.org

647-962-3286

Michele Johnson

Executive Director

Toombs County Development Authority

michelej@greatervidaliachamber.com

912 537 4466

Local grants and Incentives

Local incentives contingent upon a company’s commitment to the community in the forms of capital investment and job creation/retention may include the following:

Property Tax Abatement – Manufacturers, distributors and certain other qualifying businesses may be offered exemptions from local property taxes for a negotiated time period.
100% Freeport Exemption – Toombs County offers 100% exemption on ad valorem taxes for all qualified inventory.
Land – Qualifying companies may be eligible to receive low cost/no cost land located in established, publicly-owned industrial parks.
Site Work – Qualifying companies generating a significant economic impact to the community may be eligible for assistance with site work.
Industrial Revenue Bonds (IRBs) – For qualifying projects and companies, the Authority would be willing to participate in long term financing through low interest IRB’s according to terms worked between the project and its lender. Neither the Authority nor the Board of Commissioners of Toombs County will assume liability of the bond documents. Other means of financial assistance are negotiable.
Expedited Permitting – Certain projects require commitment from the local leadership to expedite permitting and plan review. The Authority will assist with expedited permitting as needed to the extent allowed by local and state law.
Eligible for USDA loan program (REDL).
Eligible for New Market Tax Credits (NMTC).
Participant in Foreign Trade Zone 104.