During today's meeting of the authority, representatives told board members that they will also be paying 100 percent of their tax bill when it comes due from the first day they open their new plant.
Foss, which opened in 1954, is considered a leader and pioneer in the use of non-woven fabrics and specialty synthetic fibers in a number of applications. The company recycles plastic out of landfills, makes it into fiber and then brings in new technologies to offer a variety of solutions to its customers.
The company will be bringing 150 jobs over the next 3 years to Rome with the move. They are investing $15 million into their new location in Rome.
Foss is owned by Alinian Capital Group LLC, a Florida-based company that took over a nearly bankrupt manufacturer in 2006.
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