Incentives

Local Incentives:

• Ad Valorem tax reductions*

  • Land & building

  • Machinery & equipment

• 100% Freeport exemption for class 1, 2, 3, and 4 inventory**

• Mentoring program

*These incentives are at the discretion of the Development Authority of Bryan County and local governments.  They are evaluated on a case-by-case basis, and the following factors are considered to determine if a project is eligible:  number of new jobs to be created, investment (real and personal property) to be made, and wage breakdown. 

**For more information on Bryan County's Freeport Exemption, Click Here

 

State Incentives:

• Georgia’s corporate income tax

• Quality Jobs Tax Credit

  • Credit value ranges from $2,500 to $5,000 per job, per year for up to five years

  • Credits may offset a company's payroll withholding once all other corporate income tax liability has been exhausted

  • Rewards companies that create at least 50 jobs in a 12-month period provided the jobs pay wages that are at least 10 percent higher than the county average

• Georgia’s job tax credit (Military Zone)

  • Interstate Centre (all phases), and the Belfast Commerce Park are all in a Military Zone, which means companies locating will receive $3,500 per job per year for a five year period​

  • Eligibility for the credit includes the following - a minimum of two full-time jobs that offer a 35-hour work week, offer health insurance benefits, and pay more than the average wage of the county with the lowest average wage in the state ($686/week as of June 2024)

  • Excess tax credits may be applied to the state payroll withholding liability (after first meeting it's state income tax liability)

  • Once a project qualifies, it opens a five-year period in which each job created can earn a JTC each year for five years as long as the job is maintained.  If the project creates net new jobs above the minimum threshold (two jobs), a new five-year period begins

  • A qualifying job can earn the Quality Job Tax credit or the Job Tax Credit, but not both

• Ports activity job tax credit bonus

• Sales & use tax exemptions on machinery & equipment

• Elimination of sales & use tax on energy used in manufacturing

• Inventory tax exemption

• Hiring & training assistance

• Expedited environmental permitting

 

For more detail on the above list and other state incentives, Click Here

Development Authority of Bryan County 116 Lanier Street Post Office Box 267 Pembroke, GA 31321-0267

.(JavaScript must be enabled to view this email address)

Telephone: +1 (912) 653-4967 Fax: +1 (912) 653-4978