P&G may get local tax breaks - WALB.com, Albany News, Weather, Sports

P&G may get local tax breaks

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - City and County leaders are talking with Procter and Gamble leaders about how to make the Albany plant more competitive and reduce costs. Local leaders may offer tax breaks.

For 2008, P&G paid almost $3.8 Million in property taxes as well as taxes on inventory and equipment. P&G lobbied the state to drop an energy tax on industry which they say drives up the cost of doing business in Georgia.

That didn't pass during this year's General Assembly session, so the city and county may have to make concessions to help P&G prosper.

"There are some local concessions, abatements that we may have to make from a tax standpoint and the Chairman of the County Commission, and I have had some ongoing discussions about what we may or may not be able to do," said Mayor Willie Adams.

Procter and Gamble recently offered voluntary severance packages to employees hoping to cut their workforce by about three hundred, bringing it down to about 800 employees.

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