Enterprise Zone

What is an Enterprise Zone?

Under GA law, the Enterprise Zone allows municipalities and counties to grant an transaction based incentive to encourage economic development.

Incentives include:

Property tax exemption
Applicable to County and City 

Reduction of occupation taxes, fees, and building inspection fees 

Qualifying a Business for an Enterprise Zone Incentive

Business Enterprise

Retail, Manufacturing, Logistics, Processing, Telecommunications, Tourism, Research and Development

Service Enterprise

Finance, Real Estate and Day Care. 

Public Benefit Requirements

A minimum of five (5) or more jobs
Provide a positive economic impact to the city or County
New jobs
New investment
Economic impact modeling
Positive net impact to the County

Rehabbed property must demonstrate a 5 to 1 increase in land value.

Property Tax Exemption for Qualifying Enterprises cannot exceed the following:

100% for first (5) years
80% for next two (2) years
60% for year eight (8)

40% for year nine (9)

20% for year ten (10)

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

Advantages of the Enterprise Zone program

Local incentive
Local control of application and costs
Public benefits are required
Can be catered to existing businesses and entrepreneurs

Allows for layering with other federal and state programs 

 Enterprise Zone Map City of Jonesboro GA