Growth
- Jasper County is poised to be the fastest-growing county in the State.
- Metro Atlanta is the fastest growing city in the nation… Jasper County is less than 60 minutes from Atlanta perimeter.
- Jasper County is centrally located to the Georgia Institute of Technology, the University of Georgia, the Mercer University School of Engineering, the Mercer University School of Medicine, Perimeter College, Georgia College and State University, Macon State College, and Southern Crescent Technical College.
Infrastructure
- Jasper County is less than 10 miles from Interstate 20 and less than thirty minutes from Interstate 75 and Interstate 16.
- Jasper County is approximately one hour’s drive from Hartsfield-Jackson International Airport.
- Georgia has nationally acclaimed, state-of-the-art deepwater ports in Savannah, located at the terminus of Interstate 16.
- Jasper County has rail access. Georgia also has 3,500 miles of main and branch-line track, and 20,000 miles of interstate, federal and state highways.
Telecommunications Network
- Georgia is the national leader in the deployment of ISDN technology, with more than 1,850 points of presence statewide.
- Our state has more than 500,000 miles of cable buried beneath its highways.
Market Access
- Hartsfield-Jackson International Airport is the world’s busiest airport with more than 2,000 daily flights.
- 80 percent of the U.S. population is accessible by two hours’ flight.
- 82 percent of the U.S. industrial market and 79 percent of the largest consumer markets can be reached in two or fewer truck delivery days.
Education/Training
- Georgia’s university system is the nation’s fourth largest.
- The state nationally recognized Quick Start program has provided customized training for more than 390,000 workers.
Tax Incentives
Jasper County and Georgia award business a wide range of incentives and tax exemptions to make Jasper County the most logical place for a new facility. Jasper County can offer an attractive incentive package and Georgia’s tax credits apply to jobs, headquarters, investments, manufacturing machinery sales, research and development, retraining, electricity sales and much, much more. For a detailed look at Georgia’s incentives and financing options.
Even more appealing to some people is the fact that Georgia offers a low corporate income tax rate — currently set at 6 percent. In addition, this rate applies only to the portion of the income that is earned in Georgia.
Typically, corporate income tax credits are limited to 50 percent of the taxpayer’s state income tax liability for a taxable year. Under certain circumstances, these tax credits can offset up to 100 percent of the income tax or withholding liability or they can be stacked to create a saving of more than 50 percent. Unused tax credits can be carried forward 10 years in most cases.
For a detailed look at Georgia Incentives – Click Here https://www.georgia.org/competitive-advantages/incentives
JASPER COUNTY GA LOCAL INCENTIVES
Local incentive proposals are determined based on an evaluation of the economic impact of economic
development projects and recommendations by the Development Authority of Jasper County and may be
subject to review by other governmental bodies, as appropriate; however, the following represents
potential general local incentives for economic development projects. Other incentives may be available
as determined on a case-by-case basis:
EXPEDITED PLAN REVIEW AND PERMITTING
Development Authority of Jasper County will commit to expediting all development and building
permitting plan review for economic development projects upon recommendation of the Development
Authority of Jasper County.
INVENTORY TAX EXEMPTIONS (FREEPORT)
In most states, business and industry are subject to ad valorem taxes on real property (land, building) and
tangible personal property (inventory of raw materials, work in progress, and inventory of completed
products). In Georgia, local communities have been granted the authority to provide a tangible personal
property tax reduction or exemption if approved by the voters in a local referendum. There are three
classes of goods that may be exempted from taxation.
The classes to be exempted include the following:
CLASS 1: Tangible personal property grown, harvested, manufactured processed or refined in Jasper
County and stored therein for shipment outside the state is exempted at the 100 percent level. Raw
materials and partially finished goods not destined to be shipped outside the state are subject to tangible
personal property
taxation.
CLASS 2: Inventory of finished goods manufactured or produced within the state of Georgia in the
ordinary course of the taxpayer’s manufacturing or production business when held by the original
manufacturer or producer of the finished goods for a period not to exceed 12 months is exempted from
personal property taxation at the 100 percent level.
CLASS 3: Tangible personal property transported into Jasper County from outside the state in transit to a
destination outside the state is exempted from personal property taxation at the 100 percent level.
Tangible personal property that is not destined for out- of-state shipment is subject to ad valorem taxation.
PROJECT FINANCING
For businesses seeking long-term, low-interest rate financing for the construction or improvements of
manufacturing facilities, Industrial Revenue Bonds (IRB), also known as Industrial Development Bonds,
or IDBs, are available through the Development Authority of Jasper County. IDB financing may offer
long- term, low-payment financing, with term matched to the useful life of the assets financed. We would
be happy to discuss this option should there be interest.
PROPERTY TAX INCENTIVES (PAYMENT IN LIEU OF TAXES)
The ability to convey property tax incentives is limited in Georgia. To obtain ad valorem property tax
savings for a company’s project or to obtain certain State grants of local incentives for the project, an
industrial development bond-financed sale/leaseback is required. Such transactions are typically referred
to as “bonds for title” transactions, and use of this technique involves the issuance of IDBs by a
development authority to acquire or construct the project, with the title to the project vested in a
development authority and with the company having the status of a lessee. The lease of the project to the
company is typically at a rent equal to debt service on the bonds. Availability of property tax incentives is
considered on a case-by-case basis and requires approval of the jurisdiction’s tax levying agency(s).