FINANCIAL_SERVICESAMENDED

Fiberon Withdraws from Columbia PILOT After Facility Built

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.

Status
AMENDED
Document date
July 1, 2025
Contract type
FINANCIAL_SERVICES
Vendor
FIBERON
Agency
Maury County Regional Airport Authority · TN

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TerraCycle logo
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WithersRavenel logo
Derivita logo
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Veritone logo
TerraCycle logo
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Scope & details

The full contract record, as filed.

Contract amount
$312,000,000 (capital investment); $3,100,000 FastTrack grant funds from TNECD; $7,523,600 SIA grant from TDOT
Contract type
FINANCIAL_SERVICES
Contract term
April 5, 2022 – December 31, 2032
Renewal date
2032-12-31
Renewal
Scheduled to end December 2032; company notified IDB in April 2024 of withdrawal. PILOT may be subject to early termination/reassignment.
Document type
Budget
Source document
Industrial Development Board of the City of Columbia Annual Budget 2025-2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Maury County Regional Airport Authority?

FIBERON was awarded this financial services contract by Maury County Regional Airport Authority, as recorded on July 1, 2025. The contract value is $312,000,000 (capital investment); $3,100,000 FastTrack grant funds from TNECD; $7,523,600 SIA grant from TDOT.

How much is the FIBERON contract with Maury County Regional Airport Authority worth?

The FIBERON contract with Maury County Regional Airport Authority is valued at $312,000,000 (capital investment); $3,100,000 FastTrack grant funds from TNECD; $7,523,600 SIA grant from TDOT, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in Industrial Development Board of the City of Columbia Annual Budget 2025-2026 (Budget), dated July 1, 2025 from Maury County Regional Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FIBERON hold?

FIBERON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Maury County Regional Airport Authority currently buying?

Explore Maury County Regional Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Maury County Regional Airport Authority's profile

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