Designated Area Tax Credits
Business 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. Businesses who meet state Job Tax Credit Program requirements for OZs, MZs, and LDCTs can receive a $3,500 state income tax credit per new job for up to 5 years. The job creation threshold for program certification to receive OZ and MZ job tax credits is two (2) new jobs in a single year. The job creation threshold for program certification to receive LDCT job tax credits is five (5) new job in a single year.
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 locations areas of the city. To learn about Marietta's OZs shown in the maps below and to download fact sheets, eligibility criteria as well as certification and reporting forms visit our Opportunity Zones Pprogram 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. 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 areas 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. 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 Designated Area Tax Credit Programs, please contact:
Economic Development Manager, Development Services