The Joint Development Authority of Jasper, Morgan, Newton and Walton Counties works closely with regional and state agencies to help develop economic incentives for the Stanton Springs project. Incentives given are usually handled on a case-by-case basis and will be based on project scope and size, number of employees and investment amount. See Georgia Business Development Incentives and the Incentives Brochure (PDF) for a more comprehensive discussion of incentives available in Georgia.

Site Preparation

Certain funds and/or grants may be available for infrastructure improvement to include various site-preparation details.

Georgia's Corporate Income Tax

Georgia's corporate income tax rate of 6% has remained unchanged since 1969. For all tax years beginning on or after January 1, 2008, manufacturing, sales and service companies doing business in Georgia are to use a "Single Factor Gross Receipts" apportionment formula. This new method of apportionment results in a substantial reduction of Georgia income taxes for companies that manufacture products within the state of Georgia, sell goods from a Georgia base, or render services from a Georgia base, but sell those products or services to customers in other states. This change was designed to encourage manufacturing, distribution and service companies to invest or expand in Georgia.

Incentives for Job Creation and Investment

Job Tax Credit Program
Georgia's Business Expansion Support (BEST) Act provides qualified businesses in Jasper, Morgan, Newton, and Walton counties job tax credits of $1,250 each year for five years for each new full time job created. Companies can qualify for this credit if they create 25 new jobs in a year and are engaged in manufacturing, processing, distribution or headquarters activities.

Example: $1,250 x 25 new jobs x 5 years=$156,250 in tax credits

For more information on the Job Tax Credit Program and other incentive programs, visit the Georgia Department of Community Affairs site.

Port Job Tax Credit Program
Georgia's Port Job Tax Credit Bonus is a $1,250 per job bonus for businesses that already qualify for the regular job tax credit and have an increase in export shipments through a Georgia Port.

Example: $2,500 x 25 new jobs x 5 years = $312,500 in tax credits

Strategic Industries Tax Credit
In 2005, the Georgia Legislature approved a Strategic Industries Tax Credit that allows for a $500 per job tax credit bonus for each new full-time position created by existing business enterprises that have been headquartered in the state for three or more years.

Additional credits are available for equipment, capital investments, retraining employees, childcare, R&D, and small business growth companies.