Incentives
THE BEST OF GEORGIA:
BUSINESS AND FINANCIAL INCENTIVES. GROW IT SWEETER WE GROW IT SWEETER
In Peach County, it’s easy for companies to manage the costs of doing business. Our rural location reduces corporate expenses across the board, while still keeping you within each reach of local, regional, state and international transportation networks. Companies here enjoy a low corporate tax rate (6%) that applies to income earned in our state. Your company can earn tax credits for creating jobs, upgrading or expanding, research and more, as well as tax exemptions for purchasing and inventory. In addition, the state offers special incentives to encourage the creation of small businesses and entrepreneurial ventures.
Business Incentives
Peach County and the state of Georgia provide a wide variety of incentives for business. Attractive packages can be layered on top of lower taxes and a lower cost of living. Here, home prices, energy costs and office space indexes are all well below national averages for comparable areas of the U.S. Need fast track permitting? Quick government approvals? Peach County’s Development Authority will bend over backwards to make things happen for your company. Package those advantages with our strategic location, world-class infrastructure and transportation, and it’s easy to see why our county is truly Georgia’s Peach.
Financial Incentives
With generous financial incentives from Peach County and the state of Georgia, you can transform business ventures into a thriving reality. For start-ups and Fortune 500 companies alike, available tax credits – including workforce retraining – reward you for establishing or relocating your company headquarters, for locating in a geographical area targeted for development, or for contributing to the growth of a specific industry. Small companies find it easier to succeed here with programs designed specifically to meet their needs. Many programs come from the Georgia Department of Economic Development’s regional offices and are developed in conjunction with the University of Georgia, Georgia Tech and other business-support institutions.
Financial Assistance
Lack of financial assistance is often the greatest barrier to business expansion. Georgia is proactive in providing companies with a wide range of grants and loans through specialized public programs. The variability of this financial assistance has helped thousands of companies foster entrepreneurship, innovation and business development.
Below are some of the top financial resources that fuel the growth of Georgia businesses:
Advanced Technology Development Center at Georgia Tech (ATDC)
Start-up incubator and accelerator with more than 130 graduates. ATDC operates a seed fund that offers a partial match of private investments, up to $1 million.
Industrial Revenue Bonds and Bond Allocation Program
Bond program for companies that will create jobs or expand access to affordable housing. IRBs provide below-market financing for manufacturers.
Federally funded loan program that helps local governments in financing large-scale economic development projects.
Employment Incentive Program (EIP)
Financing program that may be combined with traditional private financing to fund economic development projects. Priority is given to projects that will improve working conditions for low- and moderate-income people.
Georgia’s Regional Commissions & Middle Georgia Regional Commission
Twelve regional offices throughout the state that work closely with local officials and financial institutions to promote economic development, planning and infrastructure.
Provides financing for projects that benefit rural Georgia. Awards may be used for business relocation, infrastructure development, land acquisition and machinery purchases.
Regional Economic Assistance Program (REAP)
Awards grants for multi-county and regional collaboration in economic development. Examples of eligible projects are regional industrial parks, business parks, conference centers and convention centers. Click here for REAP Fact Sheet / Overview. Click here for REAP rules.
United States Small Business Administration (SBA)
Assists small businesses with loans, grants, bonds and other support services.
