Designated Area Tax Credits
Businesses located in Marietta's Opportunity Zones (OZs), Military Zones (MZs) and Less Developed Census Tracts (LDCTs) may qualify for the state of Georgia's highest job tax credits. Traditionally, job tax credits in Georgia are based on County Tier levels 1-4. Tier 1 counties are considered the most distressed in the State and allow businesses to receive the highest credit amount while businesses in Tier 4 counties may qualify to receive $750 per job if eligibility requirements are met. While Marietta is located in a Tier 4 County, companies creating jobs in OZs, MZs, and LDCTs can receive a $3,500 state income tax credit per new job for 5 years. The job threshold for the OZ and MZ tax credit is the creation of two (2) new jobs in a single year while the threshold for LDCT is the creation of five (5) new jobs.
In 2009, the Georgia Department of Community Affairs (DCA), approved the city of Marietta’s request to establish three Opportunity Zones to encourage investment within identified commercial and industrial areas of the city. To learn about Marietta's OZs visit our Opportunity Zones Program page.
Less Developed Census Tracts
In the interest of revitalizing areas across the state, Georgia’s Department of Community Affairs annually targets certain areas for redevelopment. When you establish your business in a development area such as Marietta's LDCTs, you may be able to take advantage of the state’s highest Job Tax Credit of $3,500 per job created for 5 years. The LDCT Job Tax Credit is open to any business within identified industry sectors. To learn more visit our LDCT Program page.
In the interest of revitalizing commercial areas adjacent to military bases across the state, Georgia’s Department of Community Affairs has designated census tracts that have a higher rate of poverty as MZs. When you establish your business in a MZ, you may be able to take advantage of the state’s highest Job Tax Credit of $3,500 per job created for 5 years. The MZs Job Tax Credit is open to any business locating within a Military Zone. Businesses are not bound by the definition of “Business Enterprise” but may be any lawful business. To learn more visit our Military Zones Program page.
For more information on Tax Credit Programs for businesses located in designated program areas, please contact:
Economic Development Manager, Development Services