Business and Economic Incentives

The State of Georgia 

 

County and City Economic Development Grant Programs

Below is a list of the assistance Douglas County offers for new and existing businesses:

  • Freeport: Offers 100% inventory tax exemptions on raw materials and goods in process, finished goods held by manufacturers, and finished goods held for out-of-state shipment. 

  • Workforce Solution and Employee Training: Identifies training opportunities and resources to meet your workforce demands to include Workforce Investment Funds, QuickStart, Techincal College System of Georgia customized training programs, Department of Labor assistance, training credits, screening services and more.

  • Bond Financing: Offers taxable and tax-exempt bond financing on projects resulting in below-market rates for numerous projects. Through this process the Douglas County Economic Development Authority takes title to the personal and/or real property. This is an economical avenue for financing a project when tied to the local property incentive.

 

State Incentives

Below is a list of Tax Credits and Incentives through the state of Georgia:

  • State of Georgia Job Tax Credits: Companies are able to receive a $1,750 job tax credit for creation of 15 full-time jobs in a calendar year. These credits can be taken for 5 years. Excess credits can be carried forward for 10 years.

  • Local Tax Incentive: New businesses locating and Existing Industries expanding in Douglas County may be eligible for our local ad valorem tax incentive. To qualify, a business or industry is awarded points based on the criteria in the below matrix. A minimum of 3 points is required to be considered for the tax incentive plan, with a maximum of 50 potential points. All plans are 5 or 10 years long with varying schedules.

 

 

 

The Silverman Group | T 973-765-0100 | www.silvermangroup.net