Finnish Modular Homebuilder’s Georgia Factory On Tap For 9-Figure Incentive Package
A modular housing manufacturer that is planning to open a “mega factory for housing” in south Georgia is in line for $144M in tax breaks, incentives and grants for the $750M project.
Finnish company Admares is in the design phase of development of a 2.5M SF facility on a 189-acre site on U.S. 23 in Waycross to manufacture single-family homes, townhomes and apartments that can be shipped and assembled elsewhere.
The company is applying for a $78.5M local property tax break over 25 years to lease the site from the Waycross and Ware County Development Authority, The Atlanta Journal-Constitution reported based on an open records request.
Other state and local incentives that would… Bisnow News Feed