What is an Enterprise Zone?
Under GA law, the Enterprise Zone allows municipalities and counties to grant an transaction based incentive to encourage economic development.
Property tax exemption
Applicable to County and City
occupation taxes, fees, and building inspection fees
Qualifying a Business for an Enterprise Zone Incentive
Retail, Manufacturing, Logistics, Processing, Telecommunications, Tourism, Research and Development
Finance, Real Estate and Day Care.
Public Benefit Requirements
A minimum of
five (5) or more jobs
positive economic impact to the city or County
impact to the County
Rehabbed property must demonstrate a 5 to 1 increase in land value.
Property Tax Exemption for Qualifying Enterprises cannot exceed the following:
100% for first
80% for next two (2) years
60% for year eight (8)
40% for year nine (9)
20% for year ten (10)
School taxes, sales and use taxes, and taxes imposed
for GO debt are excluded
Advantages of the Enterprise Zone program
of application and costs
benefits are required
Can be catered
to existing businesses and entrepreneurs
layering with other federal and state programs
Enterprise Zone Map City of Jonesboro GA