PTC gives fee break to Sany
Chinese company to host 150 jobs by end of 2011
With a quick welcome to Peachtree City, the City Council promptly signed off on a request to cut $198,166 in impact fees for a new company that will employ 150 people by the end of next year.
Sany Corporation is building a heavy equipment assembly facility and will also have a separate building for research and development purposes. The site is located at the southern end of the city’s industrial park off Ga. Highway 74 near Cooper Lighting.
Sany will still pay $66,000 in impact fees along with a projected $370,000 in other fees to the city and state for building inspections, land disturbance permits and the like.
Sany already has a workforce of engineers and sales staff in Peachtree City pushing 80 employees. They work in a leased office in the World Airways office complex off north Peachtree Parkway.
Plans include an initial 350,000 square foot assembly building that will include a three-story research and development facility.
The company is projecting to spend more than $1 million on landscaping alone with a total project construction estimate of $62 million. The Sany site is adjacent to Cooper Lighting and Falcon Field; it has already been cleared and graded.
Sany says it will employ 150 people in the first year the new facility is open, an additional 60 more jobs in the following year and then another 90 by the end of the third year of operation.
Only about 10 percent of the new jobs will be for unskilled labor, with executives being about 5 percent, management at about 15 percent, research/development and engineering at about 40 percent and skilled labor between 30 and 40 percent, according to a Sany representative.
All but about 2 percent of those jobs will be for Americans because the company believes strongly that Americans should handle development and sales to make sure it meets the expectations of U.S. companies, a Sany official said.
Once the buildings are complete and the 10-year phased property tax break expires, the property taxes paid by Sany each year will account for 14 percent of all property taxes paid by all occupants of the city’s industrial park, according to calculations made by the Development Authority.
Sany at that point would contribute about $141,000 in property taxes annually compared to about $989,000 for the rest of the entire industrial park currently, according to city projections.