The state of Georgia has announced that Marietta has been chosen for a program that will encourage new businesses to locate in the city or existing businesses to expand here. When two or more jobs are created, businesses may be eligible to receive $3,500 in employee tax credits for each new job. More
Freeport ad valorem tax exemption
The city offers a 100 percent Freeport exemption on all qualifying inventories. Three general categories of property qualify for the exemption: manufacturer's raw materials and goods in process; finished goods less than 12 months old held by the manufacturer; or finished goods held by distributors, wholesalers, or manufacturers destined for out-of-state shipment.
Marietta Development Authority-tax-exempt financing tool
The Marietta Development Authority (MDA) offers the potential of private activity bond financing for qualifying business and industry locating or expanding in local community. This special arrangement provides for reductions in local ad valorem tax assessments and resulting property taxes that increase in benefit based upon the level of investment and the length of the leaseback program. In addition, financing industrial projects using private activity bonds may offer cost-savings and additional benefits over traditional debt instruments; especially so, should the project qualify for tax-exempt bonds. MDA Web site