Bonds, Loans & Incentives

Bonds

Criteria 501(c)3 Bonds Industrial Development Bonds Lease-Purchase Bonds
Bond Minimums & Maximums Determined on a deal-by-deal basis Minimum of $2 million; $10 million maximum Suggested minimum of $10 million; no maximum
Typical Structure Conduit issuer, no recourse, potential for credit enhancement Conduit issuer, no recourse, credit enhanced Conduit issuer, no recourse
Term of Bond Matched to the useful life of the assets financed Matched to the useful life of the assets financed 10 years
Interest Rate Below market rate ½ fixed or variable Market rate ½ fixed or variable Market rate 1/2 fixed or variable
Other Requirements
Eligible Areas Citywide Citywide Citywide
Jobs Created/Retained Company must submit a detailed job creation & retention plan Company must submit a detailed job creation & retention plan Company must submit a detailed job creation & retention plan

Grants, Conduit Loans, State Tax Credits

Incentive Type & Criteria REBA Economic Opportunity Fund Opportunity Zone Tax Credit Clean Energy Atlanta/Property Assessed Clean Energy Financing
Minimums and Maximums Discretionary State of Georgia conduit grant of no more than $750,000, may be waived upon recommendation of Commissioner of DCA City of Atlanta grant with funding determined on a case-by-case basis State Job Tax Credits against income tax liability and withholding of $3,500 per new job to GA $5,000 Minimum; Maximum is 10% of the building’s market value
Eligible Activities 1) Public land acquisition;
2) Public infrastructure improvements;
3) publicly owned machinery and equipment;
4) publicly owned/privately leased assets, machinery & equipment
Funding of acquisition or construction of land, buildings and equipment, infrastructure or leasehold improvements, parking subsidies, relocation costs, workforce training, etc Defines business enterprise to include all businesses; Available for up to 5 years Upfront funding for energy improvements, renewable energy installations and water conservation. Improvements are repaid over 20 years in annual installments along with property tax
Eligible Applicants For-Profit Businesses Businesses or Non-Profit Organizations For-Profit Businesses For-Profit Businesses
Other Requirements
Eligible Areas Citywide Citywide City’s 12 approved Opportunity Zones Downtown
Jobs Created/Retained Company must submit a detailed job creation and retention plan At the discretion of the Mayor and City Council At least 2 new jobs

Workforce Development, Retraining Tax Credit, Film & Entertainment Tax Credit

Incentive Type & Criteria Atlanta Workforce Development Agency Georgia Quick Start Georgia Retraining Tax Credit Georgia Film, Television, & Digital Entertainment Tax Credit
Minimums and Maximums Funding determined on a case-by-case basis Offered as a service, not a grant Up to $500 credit per full-time employee, per training program; $1,250 maximum per employee Companies must spend at least $500,000 on production and post-production either in a single production or on multiple projects
Eligible Activities Recruitment, job fairs, customized training, transportation assistance, drug screening, veterans recruitment Training regimen is shaped specifically for the skills that a company is looking to develop in its employees Costs of instructors and teaching materials, employee wages during retraining, reasonable travel expenses Feature films, television pilots, television series; Both resident and non-resident workers’ payrolls and standard fringes qualify
Eligible Applicants For-Profit Businesses For-Profit Businesses For-Profit Businesses For-Profit Businesses
Other Requirements
Eligible Areas Citywide Citywide Citywide Citywide
Jobs Created/Retained Company must submit a detailed job creation and retention plan Company must submit a detailed job creation and retention plan Training programs must be designed to enhance quality and productivity or teach certain software technologies