Investment Incentives

Thank you for your interest in the preservation of downtown Dahlonega's architectural and historic resources. Downtown Dahlonega is the core of the region, serving as the seat of business, government and services for the community. Please contact us, we look forward to discussing and helping to facilitate your investment in downtown Dahlonega!

Doing Business in Georgia

Georgia is a great place to do business. Logistics, global access, quality of life and a talented workforce are just a few of the competitive advantages we offer. Simply put, our nationally touted business climate has what you need to succeed! 

Business Incentive Resources:

Small Business Incentives 

Small Business Tax Relief, allows for faster depreciation on equipment deduction where businesses can choose to claim the expense in year one as opposed to over several years.

Angel investor tax credits, which encourage early investment in start-up companies. Qualified investors who provide angel funding in 2012 or 2013 can claim income tax credits of 35 percent of their investment, with total credits of up to $50,000 allowed per year.

Financing of up to $250,000 through the Entrepreneurial and Small Business Development Loan Guarantee Program. The program provides financing (beginning at $35,000) to entrepreneurs and small businesses located in rural Georgia counties.

Expanding Business in Georgia

Relocating a Business to Georgia

Regional Services Map

Georgia Business Incentives Brochure

Job Tax Credit Map

Tax Credits

Tax Exemptions

Financial Assistance

Information above provided by the Georgia Department of Economic Development

State & Federal Preservation Tax Credits

FAQ Tax Incentives 

The Georgia Preferential Property Tax Assessment Program for Rehabilitated Historic Property allows eligible participants to apply for an 8 1/2 -year property tax assessment freeze.

The Georgia State Income Tax Credit Program for Rehabilitated Historic Property allows eligible participants to apply for a state income tax credit equaling 25% of qualifying rehabilitation expenses capped at $100,000 for personal, residential properties, and $300,000 for income-producing properties.

Note: Historic residential and commercial properties are eligible to participate in both programs. A property must be a "certified structure," which means it must be listed in the National/Georgia Register(s) of Historic Places. The Historic Preservation Division must certify the rehabilitation.

Website
Two federal tax incentive programs (Public Law 99-514) currently apply to preservation activities: the Rehabilitation Investment Tax Credit (RITC) program, and the Charitable Contribution Deduction. Website

Local Preservation Grant Programs

PROGRAM INCENTIVE GUIDELINES 
Sprinkler & Wiring System 50% or up to $5000 in a five year period per location

Zoned B-3 in historic district. CBD properties may be considered based on availability of funds

Grant amount determined by available funds and number of requests under consideration

Commercial buildings 50 years or older

Improvements are to remain in place and maintained

All property taxes and licenses are current

Applicant responsible for the project

Facade Grant 50% or up to $2000 in a five year period

Available for exterior restorations/repairs

Grant amount determined by available funds and number of requests under consideration

Available for commercial property owners and business owners within the locally designated DDA area zoned B-3 and CBD

Government buildings and national franchises not eligible

Improvements are to remain in place and maintained

All property taxes and licenses are current

Applicant responsible for the project and result in restorations appropriate for the building, contributing to the success of the current business and repair the building’s façade to positively contribute to the appearance and vitality of Downtown

Projects must:

Preserve architectural integrity of the structure and if possible restore the original façade

Match preservation guidelines outlined by the US Secretary of the Interior Standards

Meet all local governmental rules, regulations and laws, including the Dahlonega Historic Preservation Ordinance and Design Guidelines

Use the gentlest methods available for exterior surface cleaning

Consider unique qualities of the individual building

Monitored Fire Alarm System  50% or up to $500 in a five year period per location

Zoned B-3 in historic district.

Grant amount determined by available funds and number of requests under consideration

Improvements are to remain in place and maintained

All property taxes and licenses are current

Applicant responsible for the project

Bronze History Plaque Program - Dahlonega Stories 50% of the plaque cost

Property is within the locally designated downtown development are within the historic central business district

Available for commercial property owners and business owners. Government buildings and national franchises not eligible

Numerous projects have been completed within the last three years.  Download the 2007-2015 historic preservation & fire prevention economic impact report HERE

Financing Tools

dcalogo  The Downtown Development Revolving Loan Fund (DD RLF), from the Georgia Department of Community Affairs, is to assist cities, counties and development authorities in their efforts to revitalize and enhance downtown areas by providing below-market rate financing to fund capital projects in core historic downtown areas and adjacent historic neighborhoods where DD RLF will spur commercial redevelopment. The Dahlonega Downtown Development Authority may serve as sponsor for qualified products within the Historic Central Business District.  Website
GeorgiaCitiesFoundation Logo The Georgia Cities Foundation, established in 1999 as a 501(c)(3) organization, is a non-profit subsidiary of the Georgia Municipal Association (GMA). The mission of the Foundation is to assist cities in their efforts to revitalize and enhance downtown areas by serving as a partner and facilitator in funding capital projects through a revolving loan fund. The Dahlonega Downtown Development Authority may serve as sponsor for qualified projects within the Historic Central Business District. Website
265 Access to Capital for Entrepreneurs (ACE) was founded on vision to provide access to capital for those hard working, committed and persistent individuals who have a dream to own and operate a small business. ACE aims to provide small business loans, financial education programs, coaching and connections so that people can fulfill their dreams, create economic security for their families and contribute to their communities. Website
image522 Georgia Mountain Regional Commission provides financing for the private sector development to create new jobs and retain existing jobs. New companies and expanding companies are eligible borrowers. Website