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The Development Authority is dedicated to facilitating projects, tailoring to create a seamless experience for industry in the community. Local incentives include tax abatement and land investment. Those local and state incentives can pair to compliment nearly every project to make Wilkinson County just the right fit.
The Development Authority of Wilkinson County (DAWC) offers and can facilitate Local Incentives for New and Existing business and industries in Wilkinson County.
Programs are designed to:
Partnering with the GA Department of Labor, Oconee Fall Line Technical College and the Middle GA Regional Commission a program will be developed for Existing companies adding new jobs and Companies New to Wilkinson County that could Recruit Screen and Train employees at no cost to Qualifying Companies.
The DAWC will develop a Special Tax Schedule (STS) for Qualifying Companies. The STS could reduce the local property tax by up to xx% over the length of the Industrial Revenue Bonds.
A variety of small business incentives–from tax relief to loan guarantees to business assistance–make it easier to launch a new enterprise in Georgia and grow a small business. These business incentives have helped Georgia earn top rankings in the number of new businesses started.
To promote the growth of smaller companies, Georgia offers:
Allows for faster depreciation on equipment deduction
Encourages early investment in startup companies
Provides a special tax credit
Important Link and Contact Information:
Small Business Development Center–Macon office
Lisa Rackley, Area Director
Peter Williams, Business Consultant
4875 Riverside Dr., Suite 202
Macon, GA 31210
478 757-3609
macon@georgiasbdc.org
Tax credits give Georgia businesses the opportunity to minimize or even eliminate state corporate income tax. They apply to all qualifying companies –large, small and in between –rooted in Georgia or new to the state.
Typically, corporate income tax credits apply to 50 percent of a company’s state tax liability in a given year. But in some cases, they can offset up to 100 percent of corporate income tax as well as payroll withholding liability.
The tax credits referenced here are extended by the state of Georgia, so be sure to check with city and county governments to identify local incentives. In addition, Georgia offers tax exemptions to support business growth.
Businesses in Georgia’s strategic industries can earn as much as $4,000 in annual tax savings for each new job created, for up to five years. The exact value of the job credits depends on two factors –how many jobs are created, and where.
Companies that create at least 50 jobs–at wages that are at least 10 percent higher than the county average –qualify for a tax credit of $2,500 to $5,000 per job.
For more info, click here.
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Businesses that employ at least 1,800 “net new” employees and have either a minimum annual payroll of $150 million or make a minimum $450 million investment in Georgia qualify for the mega project tax credit.
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Companies in manufacturing or telecommunications support that have operated in Georgia for at least three years are eligible to earn investment tax credits for upgrades or expansions. Credit earned amounts to 1 percent to 8 percent of qualified capital investments of $50,000 or more.
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Optional investment tax credits reward growing companies for making major investments in Georgia. The exact value of the optional investment tax credits depends on three factors: how much is invested; where the investment is made in Georgia; and the change in a company’s tax liability.
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Georgia businesses may offset their investment in retraining employees to use new equip mentor learn new skills through a retraining tax credit. The credit equals 50 percent of direct training expenses, up to $500 credit per full-time employee, per training program.
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Film and television companies may receive a tax credit of up to 30 percent of money spent on production and post-production in Georgia, either in a single production or on multiple projects. Minimum spending amount is $500,000.
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Download the Film Tax Incentives form here
The nation’s #1 ranked training program available at no cost to qualified companies that says it all. Click the link to learn more.
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