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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Venture Tech merges with ISC, acquires SAT
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Georgia-Pacific completes acquisition of SPG Holdings
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium
- Officials set hunting dates for birds; expands dove season by 20 days
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- Southern Bancorp to acquire Bank of Bolivar County
- Community Bank names new officers
- Corps official: River needs larger ports, locks and dams