Hoping to attract more jobs to Clayton County, county officials announced a tax incentive program Monday.
Employers creating jobs in Clayton this year are eligible for state tax credits for the next five years.
The economic development incentive is aimed at companies that add at least two new full-time jobs that meet basic income and benefit qualifications, according to Courtney Pogue, Clayton's economic development director. A business can qualify for up to $3,500 in savings for each new worker, Pogue said.
“Any retailer, office, lodging or other standard commercial operations can apply for the tax credit,” Pogue said. “Some metro counties only offer small segments of commercial corridors where these tax credits apply. Clayton has the opportunity to offer this incentive anywhere in the county.”
To get the credit, businesses must apply using a Georgia Department of Revenue form and file at least a month before a business tax return is submitted. The review period could take up to 120 days
“We are encouraging all of our job creators to invest in our employment base sooner rather than later to ensure that they meet the qualification deadline,” Pogue said. “Our office is available to assist and advise businesses on how to find the proper documentation.”
The tax incentives are also available to commercial areas in the Aerotropolis Atlanta Community Improvement Districts (CIDs). The Airport South CID portion of the Aerotropolis CIDs is located in both the City of College Park and in unincorporated Clayton County.
Aerotropolis CIDs Executive Director Gerald McDowell said the district currently consists of 187 commercial property owner. McDowell noted that the tax credit could help the CIDs in getting support from the more than 238 property owners targeted in the CIDs’ ongoing district expansion efforts.
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