Page 44 - Blairsville NCG 2023
P. 44

efforts to attract new industrial and   Blue Ridge Mountain Electric   Additionally, there are several state   •  R&D tax credit up to 10% of increased
        manufacturing operations to the area.   Membership Corporation      financial incentives available to   qualified expense over gross receipts
        It uses a mix of pad-ready sites in the   •  Industrial revenue bond financing at   businesses looking to start or relocate in   •  Investment tax credit that is 1-3%   BUSINESS  &  INDUSTR Y
        Airport Industrial Park, competitive   low rates for project-related costs of   Union County. They include:   of qualified capital investment
        incentives, healthy infrastructure such   land, facilities, and equipment  •  Jobs tax credit worth $1,750 per job   for telecommunications and
        as abundant broadband and excellent   •  Ad valorem tax abatements    created each year                 manufacturing companies that
        logistics to position Union County as   for qualified projects      •  Port tax credit bonus if port activity is   have operated in Georgia for at
        the ideal destination to grow a business.    •  100% freeport exemptions for raw   increased by 10 percent  least three years
        Business Incentives include:       materials, goods in-process, and   •  Quality-jobs tax credit between $2,500   •  Retraining tax credit up to $500
        •  Low-cost financing and grant/   finished goods being shipped out    and $5,000 per job with above-average   per year per employee for direct
         loan packages through Tennessee   of state                           wages for five years              investment in training
         Valley Authority, OneGeorgia     •  Site subsidies for qualifying projects
         Authority, Georgia Departments    •  Expedited permitting in cooperation
         of Community Affairs, Revenue,    with city and county agencies and
         and Economic Development, and     possibly reduced or waived fees.





































                                                                                                                                                 41
        (877) 745-5789 • visitblairsvillega.com
   39   40   41   42   43   44   45   46   47   48   49