ATLANTA (January 13, 2018) | Sen. Larry Walker (R – Perry) announces that the Georgia Department of Community Affairs (DCA) has designated historic downtown Perry as a “Rural Zone” under a new program that will allow eligible businesses to qualify for state tax credits. The Rural Downtown Revitalization Act, enacted by the legislature in 2017, encourages investment in “Rural Zone” communities that creates jobs, refurbishes older buildings and stimulates economic activity.
“I am very excited that Perry is one of 9 Georgia communities to receive the Rural Zone designation,” said Sen. Walker. “The opportunity for investors in downtown Perry to couple their dollars with state tax dollars will make opening or expanding a business in downtown Perry more attractive. This, in turn, will bring jobs, encourage preservation of our historic downtown buildings and add to our tax base. I applaud Mayor Faircloth and Council for their foresight and leadership in seeking this designation, and I’m excited about what this designation will mean for Perry’s economy.”
The rural zone revitalization tax credit aims to encourage business investment in historic downtown areas in small communities outside of metro Atlanta. The program includes three different tax credit incentives: a Job Tax Credit, Investment Credit and a Rehabilitation Credit. The DCA has also designated the communities of Bainbridge, Commerce, Cornelia, Fitzgerald, Jonesboro, Nashville, Springfield and Toccoa as Rural Zones.
For information about the Georgia Department of Community Affairs and the Rural Zones program, visit http://www.dca.state.ga.us/DCANews/PressReleaseDetailnet.asp?view=1176
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For Immediate Release:
January 13, 2018
Elisabeth Fletcher, Communications Specialist
elisabeth.fletcher@senate.ga.gov
404.656.0028