Opportunity Zone

Local governments which undertake redevelopment and revitalization efforts in certain older commercial and industrial areas can now qualify those areas for the State’s maximum job tax credit of $3,500 per job. The incentive, which is available for new or existing businesses that create two or more jobs, is a Job Tax Credit which can be taken against the business’s Georgia income tax liability and payroll withholding tax. The credit is available for areas designated by DCA as an “Opportunity Zone”.

For more information, please refer to the links below:

http://www.monroega.com/home/about-us/opportunity-zone

http://www.dca.state.ga.us/economic/DevelopmentTools/programs/opportunityZones.asp

http://www.dca.state.ga.us/economic/DevelopmentTools/programs/businessAssistance.asp