Enterprise Zone

What is an Enterprise Zone?

Under Georgia law, the Enterprise Zone allows municipalities and counties to grant a transaction-based incentive to encourage economic development.

Incentives include:

  1. Property tax exemption
  2. Applicable to County and City
  3. Reduction of occupation taxes, fees, and building inspection fees  

Qualifying a Business for an Enterprise Zone Incentive

Business Enterprise

  1. Retail Manufacturing
  2. Logistics
  3. Processing
  4. Telecommunications
  5. Tourism
  6. Research and Development

Service Enterprise

Finance, Real Estate, and Day Care. 

Public Benefit Requirements

A minimum of five (5) or more instances provide a positive economic impact to the city or County:

  1. New Jobs
  2. New Investment
  3. Economic Impact Modeling
  4. Positive net impact on the County
  5. Rehabbed Property (must demonstrate a 5 to 1 increase in land value) 

Property Tax Exemption for Qualifying Enterprises cannot exceed the following:

  1. 100% for the first 5 years
  2. 80% for the next 2 years
  3. 60% for year 8
  4. 40% for year 9
  5. 20% for year 10(+)

School taxes, sales and use taxes, and taxes imposed for GO debt are excluded.

Advantages of the Enterprise Zone program:

  1. Local Incentive
  2. Local control of application and costs
  3. Public benefits are required
  4. Catered to existing businesses and entrepreneurs
  5. Allows for layering with other Federal and State programs 

 Enterprise Zone Map City of Jonesboro GA