There are many incentives available in Downtown Atlanta. The following three links will give you an overview of the incentives currently available:

• City of Atlanta Incentives
• State and Federal Incentives
• Local, State & Federal Historic Rehabilitation Incentives

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State and Federal Incentives Incentive Name Description Georgia Job Tax Credit 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. Call the Georgia Dept. of Community Affairs at 404-679-4825. www.dca.state.ga.us Technical Assistance CDFI Fund provides TA grants to CDFIs, and entities proposing to become CDFIs, in order to build their capacity to better address the community development and capital access needs of their particular Target Market. TA awards are made in the form of grants. Eligible types of activities include, but are not limited to, the following activities: acquiring consulting services; paying staff salary for the limited purposes of completing tasks and/or fulfilling functions that are otherwise eligible TA grant uses under the NOFA; acquiring technology items; and acquiring training for staff or management. Expenses that are deemed by the Fund to be ongoing operating expenses are not eligible. Visit www.cdfifund.gov for further assistance. Investment Credit A one percent tax credit on a minimum capital investment of $5 million for manufacturers and telecommunications firms that have operated a facility in Georgia during the last three years. Retraining Employees A tax credit equal to 50% or up to $500 for the cost of retraining each full-time employee to companies that provide qualified retraining. Call the Georgia Dept. of Technical & Adult Education at 404-679-2901. www.dtae.org/econdev/retrain.html Child Care A tax credit for up to 50% of the employer’s direct cost for providing or sponsoring child care for employees HQ Tax Credit A tax credit of $2.5K to $5K for each qualifying, full-time job offered against the company’s payroll withholding tax, offered to those that relocate or establish their headquarters in Georgia and meet the criteria R&D Tax Credit A 10% credit allowed for research expenses for research conducted within Georgia by qualified businesses For more information, call the Georgia Dept. of Revenue at 404-417-4477. www.etax.dor.ga.gov/inctax/taxcredits.shtml Capital Investment Exemptions Sales and use tax exemptions are available for machinery purchased for qualified uses, primary material handling equipment purchased for qualified uses, and electricity purchased for manufacturing when the total cost of the electricity exceeds 50% of cost of materials used in the process. Call the Georgia Dept. of Revenue at 404-417-6601. Quick Start The state offers free, customized workforce training for companies that qualify. The program covers training development costs and can be conducted on site. Call 404-679-2901. www.dtae.org/quickstart SBA 504 Loan Program The Certified Development Company in Fulton County is at 404-836-7731. www.sba.gov/financing/frcdc504.html Affordable Rental Housing Development Financing DCA's rental housing finance programs work with for profit, nonprofit and government partners to build or rehabilitate rental housing in Georgia. Funding is available to private sector for profit and nonprofit developers through DCA’s Office of Affordable Housing. DCA's Office of Housing Planning and Administration provides financing to public housing authorities and nonprofit organizations to develop affordable rental housing. Visit www.dca.state.ga.us/grants/. Regional Economic Assistance Projects (REAP) Provides a mechanism for local and state governments and the private sector to cooperate on large-scale tourism-related projects with multiple uses that will create jobs and enhance the local tax base. Upon meeting the requirements of the REAP statute and the REAP Rules, a developer of a certified REAP project may apply to the Georgia Department of Revenue for a state license for the sale of malt beverages, wine, or distilled spirits by the drink for consumption on the premises only. House Bill 1482, signed by the Governor on April 20, 2002, broadened the eligibility criteria for the REAP program. See www.dca.state.ga.us Transportation Programs Provides federal matching funds to support transportation initiative to achieve revitalization goals. Atlanta Regional Commission, Georgia Regional Transportation Authority, Georgia Department of Transportation, MARTA, Planning, Dev & N'hood Conservation and Department of Public Works are the responsible authorities. Low income housing tax credits (LIHTC) LIHTC provides equity capital for affordable housing. Low/Mod income housing developers compete for Federal tax credit financing. Location eligibility is citywide but criteria favor Community Development Impact Area (CDIA). Georgia Department of Community Affairs (DCA) is the responsible agency. Contact them at www.dca.state.ga.us or (404) 679-4940.

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Local, State & Federal Historic Rehabilitation Incentives Incentive Name Description Landmark Historic Property Tax Abatement In this program the owner of an income-producing building listed on the National or Georgia Register of Historic Places and designated by the city as a Landmark building or contributing building in a Landmark District may obtain preferential property tax treatment. Call the Atlanta Urban Design Commission at 404-330-6200 or visit their website at: http://www.atlantaga.gov/government Rehabilitated Historic Property Tax Abatement The owner of a building that qualifies for listing on the Georgia Register of Historic Places and has undergone a major rehabilitation may obtain preferential property tax treatment. Call the Historic Preservation Division of the Georgia Dept. of Natural Resources at 404-651-5566. www.dnr.state.ga.us Federal Tax Credit Program If a property is listed on the National Register, the owner or long-term lessee of an income-producing property is entitled to an investment tax credit of up to 20% of the qualified rehabilitation expenses of a substantial, qualified rehabilitation. Call the Georgia Department of Natural Resources at 404-651-5566. www.dnr.state.ga.us Façade Easements Tax advantages including federal and state income tax deductions can be taken for preservation easements, or preserving the façade of a historic structure. Call Easements Atlanta, Atlanta Preservations Center, at 404-688-3353.

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