Page 44 - Blairsville NCG 2022
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Incentives available include: Additionally, there are several state
• low-cost financing and grant/loan financial incentives available to businesses
packages through the Tennessee Valley looking to start or relocate in Union
Authority, the OneGeorgia Authority, County. They include:
the Georgia Departments of • a jobs tax credit worth $1,750 per
Community Affairs, Revenue, and job created each year.
Economic Development, and the • a port tax credit bonus if port
Blue Ridge Mountain Electric activity is increased by 10 percent.
Membership Corporation. • a quality-jobs tax credit worth
• industrial revenue bond financing at between $2,500 and $5,000 per job
low rates for project-related costs of with above-average wages for
land, facilities, and equipment. five years.
• ad valorem tax abatements for • an R&D tax credit of up to 10
qualified projects. percent of increased qualified
• 100% freeport exemptions for raw expense over gross receipts.
materials, goods in-process, and finished • an investment tax credit worth
goods being shipped out of state. 1-3 percent of qualified capital
• site subsidies for qualifying projects. investment for telecommunications
• expedited permitting in cooperation and manufacturing companies that
with city and county agencies and have operated in Georgia for at least
possibly reduced or waived fees. three years.
40 Business & Industry Blairsville-Union County Chamber of Commerce
