Industrial Development Board of the City of Columbia Annual Budget 2025-2026
Fiberon Withdraws from Columbia PILOT After Facility Built
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Description
The IDB adopted a PILOT with Fiberon for a major manufacturing project with $312 million investment and multiple grants, but the company withdrew in April 2024 after building completion.
Contract Details
Contract Amount
$312,000,000 (capital investment); $3,100,000 FastTrack grant funds from TNECD; $7,523,600 SIA grant from TDOT
Vendor
FIBERON
Agency
Maury County Regional Airport Authority, TN
Contract Type
FINANCIAL_SERVICES
Document Date
July 1, 2025
Contract Term
April 5, 2022 – December 31, 2032
Renewal Date
2032-12-31
Renewal Info
Scheduled to end December 2032; company notified IDB in April 2024 of withdrawal. PILOT may be subject to early termination/reassignment.
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Industrial Development Board of the City of Columbia Annual Budget 2025-2026
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