An article in yesterday’s Gainsville Times outlines the community’s current effort to designate a new Opportunity Zone under provision of the state tax code.
As part of Georgia’s tax code, relocating or expanding businesses within designated opportunity zones may be eligible for tax credits for every new job they create. Those jobs must be full time with a wage requirement and health insurance option, said Amy Gore, of Blakely & Associates, who is aiding the city in redevelopment planning.
Rusty Ligon, the city’s Community Development director, said Gainesville began considering new zones with encouragement from the Greater Hall Chamber of Commerce. The zones are expected to entice businesses to the area.
Read the entire article, here.