The City Administrator's Office serves as the Economic Development Office and as a direct liason for the City of Jonesboro to the business community. Our goal is to sustain long-term economic health and vitality of the City through the retention, expansion and attraction of busiensses and development that enhance property values, increase personal income, and make a positive contribution to the quality of life for the citizens of Jonesboro. We are eager to create attractive opportunities for existing Jonesboro companies to successfully grow their businesses and to assist companies and entrepreneurs looking to startup or relocate new business operations in the Jonesboro area. To meet this goal, our staff philosophy is to think outside the box and provide businesses with creative economic development opportunities, alternatives, solutions, and assistance to meet their specific needs and goals.
"We are Open For Business – Check out our Great Rural Zone Incentives"
Looking to open a new business? Check out the Rural Zone Tax Incentives that we offer. As the only metropolitan community to be designated as a Rural Zone, we want you to bring your business to our thriving, beautiful and safe community.
Since its creation in 2017, this initiative provides tax credits to individuals creating jobs and making
qualifying investments within historic downtown areas that have been designated as Rural Zones.
The program includes the following Georgia state income tax incentives which are utilized for job-creation activities, investment in downtown properties, and renovation of properties. The credits can be layered, but none are available without the job creation element being present.
The Job Tax Credit is equivalent to $2,000 per new full-time equivalent job per year for up to 5 years.
The Investment Credit is equivalent to 25% of the purchase price of a property within the designated Rural Zone (not to exceed $125,000). The Rehabilitation Credit is equivalent to 30% of the qualified rehabilitation costs of a building located within a designated Rural Zone (not to exceed $150,000).
For additional information, please contact Economic Development Manager, Andrew Simpson at email@example.com.