Cobb County Government
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The Cobb County Economic Development Office will review individual projects and their overall economic impact to determine where additional incentive measures might be awarded.

 

Program Requirements

At a minimum, a target business needs to meet the following criteria:

  • Unless otherwise provided, no incentive shall be offered or made available to any target business which will not add at least 25 new jobs and have an estimated economic impact of $500,000 to the county during the incentive period.
  • Additionally, businesses that meet the following eligibility criteria as illustrated below may be considered for incentives during the incentive period:

Tier

Minimum New Jobs

Economic Impact

1

25-74

$500,000

2

75-99

$350,000

3

100

$250,000

4

125 +

$125,000

 

  • A target business shall be required to establish financial solvency such that it can demonstrate an ability to meet the economic impact requirements.
  • A target business shall consent to enter into a contractual agreement that outlines incentives offered to the business and a guideline for the recapture or reimbursement should the terms of the contract be violated by the target business.

 

Program Incentives

The following are areas where incentives may be offered to a target business:

  • Development impact fees
  • Plan review fees
  • Water system development fees
  • Business license fees
  • Financing of sewer system development fees
  • Freeport tax exemption
  • Redevelopment zones
  • Water/sewer user charges
  • Building permit fees
  • Job Training Partnership Act funds
  • Georgia Job Tax Credit Program

 

 
Enterprise Zones

An Enterprise Zone is an area designated by a local government as ready for development or redevelopment. Qualifying businesses locating or expanding within the Zone are eligible for certain tax incentives and other economic development incentives for job creation and capital investment in the community.

 Program Requirements

  • Companies creating new jobs or bringing significant investment to the area
  • Emphasis placed on redevelopment, locating in abandoned buildings or assembling tracts of land for development
  • Manufacturing, distribution, land development, and industrial building

Program Incentives

  • 10-year graduated tax abatement of County ad valorem tax only, no school tax abatement
  • Caps on building permit and business license permit fees
  • Assistance with other State incentives such as free training, job creation tax credits, and development authority financing

 

 
Opportunity Zones

An incentive from the Georgia Department of Community Affairs that provides credits to income tax liability and state payroll withholdings per job created within designated areas. The designated areas must be approved by DCA and are required to be areas in need of redevelopment or revitalization, which is an area or an area adjacent to a census block group with 15% or greater poverty and an enterprise zone or where an urban redevelopment plan exists.

 Program Requirements

  • New or existing businesses that create two (2) or more jobs
  • Available for any business (not sector specific)

Program Incentives

  • The maximum Job Tax Credit allowed under law - $3,500 per job created
  • Use of Job Tax Credits against 100% of Georgia income tax liability and withholding tax
  • Provides for businesses of any nature to qualify, not just a defined "business enterprise"

 

 
Military Zones

An incentive from the Georgia Department of Community Affairs that provides credits to income tax liability and state payroll withholdings per job created within designated areas. The designated areas must be approved by DCA and are required to be areas near military installations.


Program Requirements

  • New or existing businesses that create two (2) or more jobs
  • Available for any business (not sector specific)


Program Incentives

  • The maximum Job Tax Credit allowed under law - $3,500 per job created
  • Use of Job Tax Credits against 100% of Georgia income tax liability and withholding tax
  • Provides for businesses of any nature to qualify, not just a defined "business enterprise"

 

 
Less Developed Census Tracts

An incentive from the Georgia Department of Community Affairs that provides for a statewide job tax credit for any business or headquarters of any such business engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism, or research and development industries, but does not include retail businesses. If other requirements are met, job tax credits are available to businesses of any nature, including retail businesses, in counties recognized and designated as the 40 least developed counties. 

Program Requirements

  • New or existing businesses that create two (2) or more jobs
  • Available for any business (not sector specific)

Program Incentives

  • The maximum Job Tax Credit allowed under law - $3,500 per job created
  • Use of Job Tax Credits against 100% of Georgia income tax liability and withholding tax
  • Provides for businesses of any nature to qualify, not just a defined "business enterprise"

 

 
Rehabilitation Programs

The purpose of this program is to encourage owners of older commercial use/industrial property (20 years or more in age) in select areas and sites around the county to revitalize those properties. The objective of revitalizing these areas is to contribute to economic growth by creating jobs and improving the county’s tax base.

 Program Requirements

  • Only rehabilitative work performed after the approval of the application may be awarded an exemption amount under the program.
  • The structure being improved must be a minimum of 20 years old.
  • An approved project must be located within a corridor study area or included among those sites listed in the inventory of redevelopment sites.
  • Improvements must be the result of a single project.
  • The program incentives will not apply to personal property or the value of the land.
  • The applicant’s property taxes must be current and paid on time for a minimum of three years and the applicant must have filed timely business personal property returns for each of the three years prior to applying.
  • The program does not apply to projects built on vacant land.
  • The program will apply to projects where the building is completely demolished and replaced by a new structure, provided the existing structure is at least 20 years old.
  • Separate applications must be submitted for each tax parcel in which the owner is seeking participation in the program.
  • Appropriate building permits, and any other local, state or federal approvals, must be obtained prior to work commencement.

 

 
Georgia Tax Credit Opportunities

Job Tax Credit
Businesses in Georgia’s strategic industries can earn as much as $4,000 in annual tax savings for each new job created, for up to five years. The exact value of the job credits depends on two factors – how many jobs are created, and where.

Quality Jobs Tax Credit
Companies that create at least 50 jobs in a 24-month period – at wages that are at least 10 percent higher than the county average – may qualify for a tax credit of $2,500 to $5,000 per job. 

Port Tax Credit Bonus
Georgia companies that increase imports or exports through a Georgia port by at least 10 percent may qualify for either a $1,250 bonus added to the job tax credit or an adjustment to the investment tax credit.

Work Opportunity Tax Credit
Georgia’s Department of Labor administers a federal tax credit to Georgia companies that hire individuals who have faced barriers to employment. The tax credit ranges from $1,200 to $9,000 per hire.

Mega Project Tax Credit
Businesses that employ at least 1,800 “net new” employees and have either a minimum annual payroll of $150 million or make a minimum $450 million investment in Georgia may qualify for the mega project tax credit.

Investment Tax Credit
Companies in manufacturing or telecommunications support that have operated in Georgia for at least three years are eligible to earn investment tax credits of 1 percent to 8 percent of qualified capital investments of $50,000 or more.

Research And Development Tax Credit
Companies that spend more on qualified research in Georgia may qualify for an R&D tax credit equal to a percentage of that spending increase.

Retraining Tax Credit
Georgia businesses may offset their investment in retraining employees to use new equipment or learn new skills through a retraining tax credit. The credit equals 50 percent of direct training expenses, up to $500 credit per full-time employee, per training program.

Film, Television And Digital Entertainment Tax Credit
Film and television companies may receive a tax credit of up to 30 percent of money spent on production and post-production in Georgia, either in a single production or on multiple projects. Minimum spending amount is $500,000.

Musical Tax Credit
Beginning January 1, 2018, eligible production companies who meet the applicable spending threshold may receive a tax credit of up to twenty percent on qualified production expenditures on eligible musical or theatrical performances or recorded musical performances. Minimum spend is $500,000 for musical or theatrical performances, $250,000 for synchronized recorded musical performance, and $100,000 for any other recorded musical performance.