Open records exemption approved for economic development

From The Atlanta Journal-Constitution:

State economic development incentives for large projects would remain secret until a company commits to a project or abandons negotiations, according to legislation that passed the Senate Judiciary Committee on Monday.

The new provision would grant a new exemption from the Open Records Act to the Georgia Department of Economic Development. It would involve projects that would cost more than $25 million or hire more than 50 employees. It would not be extended to county or municipal developmental authorities.