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.
One of the Zone areas established in Cobb County extends from the County line (at the Chattahoochee River) to incorporate Veterans Memorial Highway and Mableton Parkway. This Zone also extends along Factory Shoals Road to encompass portions of Six Flags Drive to Lee Industrial Drive taking in a portion of the area below I-20 to the Douglas County line. Other Zones have also been established along Canton Road and Atlanta Road.
Development within the Enterprise Zone must follow the approved Comprehensive Land Use Plan; any rezoning must go before the Planning Commission and the Board of Commissioners, same as any other project.
The effect the Zone is intended to have on residential areas is positive. If employment base and commercial areas of the Zone improve, property values should be positively affected.