County gives 10-year tax break to Aurora Flight Sciences
Published: January 3,2014
COLUMBUS — Lowndes County has given Aurora Flight Sciences a 10-year property tax exemption for its investment in the final expansion of its facility.
Without the exemption, the unmanned aircraft manufacturer would have paid $9 million to the county in taxes through the next decade. The amount equals what Aurora invested in a 30,000-square-foot addition to its facility.
The Commercial Dispatch reports that the exemption agreement applies only to ad valorem and does not affect school taxes.
After spending two years at a temporary site at Mississippi State University, Aurora opened a 22,000-square-foot plant near the Golden Triangle Regional Airport in 2007. A year later it built a 66,000-square-foot addition. The company received 10-year exemption for each of those projects.
The final expansion opened last January.
Aurora employees about 250 people.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Host families prepare for Mississippi Braves’ season
- Ridgeland property rights tussle is expected to have wide impact
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Mississippi takes an incentives licking, keeps on ticking
- Investors in Northbrook complex say Ridgeland targeting its own collateral for demolition
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets
- PHIL HARDWICK: When will Mississippi change its culture?
- Mississippi furniture makers on rebound with more exports