Alva Review-Courier -

Fiber optic firm sets $50M expansion, with plans to hire 137


December 1, 2019

CARROLLTON, Ga. (AP) — A Japanese company plans a $50.2 million expansion of its Georgia fiber optic cable plant, adding 137 jobs.

OFS Fitel, the fiber-optic unit of Furukawa Electric Co. Ltd., seeks tax breaks and financing from the Carrollton Payroll Development Authority.

The Times-Georgian reports the authority and Carrollton City Council are scheduled to vote Monday on the plan. County commissioners would vote later.

The authority would issue $60 million in debt that OFS Fitel would repay. The company would own facilities when debt is paid.

The city and county would grant a declining...

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