Tax breaks approved for Tucker genetics company
A genetics testing facility will be built in Tucker with the assistance of $644,000 in tax incentives.
EGL Genetics Diagnostics will eventually employ more than 300 people at the Tucker location, with average salaries of more than $65,000, according to an analysis of the project by the Decide DeKalb Development Authority.
The development authority unanimously approved the tax breaks Friday. The Atlanta Journal-Constitution obtained the fiscal analysis of the project through a request under Georgia's Open Records Act.
The incentives give the company a discount on its DeKalb County and DeKalb school property taxes for the next 10 years. During that time, the business is expected to generate $1.3 million in gross net revenue for local governments.
EGL provides genetic testing services for hospitals, clinicians and pharmaceutical companies.
The Tucker expansion was announced last November, but the tax incentives weren’t approved until last week.
About the Author
Mark Niesse is an enterprise reporter and covers elections and Georgia government for The Atlanta Journal-Constitution and is considered an expert on elections and voting. Before joining the AJC, he worked for The Associated Press in Atlanta, Honolulu and Montgomery, Alabama. He also reported for The Daily Report and The Santiago Times in Chile.
