UPDATED: Alpharetta Businesses Offered Job Creation Incentive
A small section of the city's commercial property has been approved for the tax credits so far, but officials are trying to get a much larger Opportunity Zone approved.
UPDATED 6 a.m. Jan. 4: Updated throughout with comments from Al Nash of Progress Partners. Businesses located within a specific area of Alpharetta that create at least two net new jobs may qualify for incentives under the city’s new Opportunity Zone. Alpharetta received notification from the Georgia Department of Community Affairs that the incentive program has been approved beginning Jan. 1. “We began working on the creation of Opportunity Zones early in 2012, and are very excited that the State has now approved the first one,” said Peter Tokar, Alpharetta’s Economic Development director. “The work continues, however, on the second and largest of the zones we hope to create.” The city's application for an Opportunity Zone to allow job …
In this Article:
Bob Pepalis
3:25 pm on Thursday, January 3, 2013
Do you know of a business that might be ready to take advantage of this tax credit for job creation? more ›