Another company in Peachtree City is branching out to add to the city’s industrial park and adding another 150 plus jobs to the market.
According to Fayette County Development Authority president Matt Forshee, Panasonic decided to stay within Peachtree City after looking at different relocation options in Detroit and Texas, for its expansion process, taking the mostly manufacturing facility into the office space genre.
“If you haven’t been by Panasonic recently, or toured it when it was strictly manufacturing and you haven’t been by as they’ve gone through this change, it is quite impressive.”
Before, said Forshee, where there was manufacturing and putting radios together, “to now see them designated what are essentially high-quality office suite space for engineers being employed, it’s a great revolution for the facility. Especially one where we were worried for awhile what the viability was of that facility.
“Now they are growing and bursting at the seams.”
With the expectation of additional economic development, the council unanimously approved signing a $50,000 job and investment grant with Pansonic, as long as it meets the criteria of creating full time jobs with an
--See PANASONIC, page 2
average wage, exclusive of benefits, of at least 120 percent of the prevailing current year Peachtree City Per Capita Income.
Emily Poole, the city’s business retention expert at the FCDA, says it was exciting to see the new programs at Panasonic.
“It’s really been a transformation of the facility. Before we were talking about manufacturing jobs at $10 to $12 an hour. Now we’re talking about engineering jobs with salaries much, much higher. These are quality jobs and we’re anticipating more and more.”
Poole also noted that there were two companies looking to locate to Peachtree City, bringing along an investment of between $20 to $23 million and about 150 jobs, but since the negotiations are still ongoing she couldn’t release the names. Both had already made offers on real estate in the city. There are, in total, four companies working on expansion projects that would add up to another 100 jobs in the city with an investment of between $15 and $20 million dollars.
Poole also noted that she had been working with the existing industry council to bring the city’s business leaders together to fulfill common needs, and there is an interest in organizing an aviation industry council, since the airport is so important to the city’s economic development and retention.
There is also interest in having a separate aviation industry council, she added.
The city has also improved the authority’s presence on the city website, with a spot on the home screen to provide potential new businesses with Poole’s contact information, which she noted was a suggestion that came from the city council.