Opportunity Zone

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Local governments which undertake redevelopment and revitalization efforts in certain older commercial and industrial areas can now qualify those areas for the State’s maximum job tax credit of $3,500 per job.  The incentive, which is available for new or existing businesses that create two or more jobs, is a Job Tax Credit which can be taken against the business’s Georgia income tax liability and payroll withholding tax. The credit is available for areas designated by DCA as an “State Opportunity Zone."

The city of Conyers’ application to the Georgia Department of Community Affairs for a tax credit-generating “Opportunity Zone” was first approved on December 28, 2010, expanded in June, 2014 and recertified for specific area in October, 2020. The Conyers Opportunity Zone is the Salem Gate Market area bounded by Old Salem Road and Iris Drive. 

For additional information on this program, applications for the tax credit and maps of the Conyers Opportunity Zone, please visit the Georgia Department of Community Affairs (DCA) website or contact the local or DCA representatives today.

 

Further Opportunity Zone information:

https://www.dca.ga.gov/community-economic-development/incentive-programs/state-opportunity-zones

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