Economic Development / Incentives & Taxes
More Reasons to Choose Franklin County, GeorgiaFrom fast-track permitting and aggressive financing methods to “after the sale” support including business advocacy and creative problem solving, Franklin County will do what it takes to earn your company’s trust and investment.
- Single Point of Contact
- Property Tax Abatement to qualified companies
- Freeport Inventory Tax Exemption: 100% exemption on raw materials, goods in process of manufacture and finished goods destined for shipment out of state
- Fast Track Permitting
- Creative Financing through Industrial Revenue Bonds & Leaseback Agreements & PILOT Bonds
- Possible Local Fee Waivers
State Level Incentives
- Job Tax Credit: Available to all qualifying companies in Franklin County - $1,750 per job each year for 5 years, minimum 15 jobs (Franklin County is a Tier 3 community). Job tax credits in Franklin County can be used against 50% of Georgia corporate income tax liability.
- Port Job Tax Credit Bonus: A $1,250 per job bonus added to the job tax credit for a 10% increase in port activity out of a Georgia port.
- Quality Jobs Tax Credit: A $2,500-$5,000 per job tax credit available to companies that create at least 50 jobs in a 24-month period at wages at least 10% higher than the county average.
- Work Opportunity Tax Credit: Federal tax credit of $1,200 to $9,000 per hire to Georgia companies that hire workers who have faced barriers to employment.
- Investment Tax Credit: Up to 8% of qualified capital investment of $50,000 or more for manufacturers or telecommunications companies that have operated in Georgia for at least 3 years.
- Mega Project Tax Credit Available to businesses that employ at least 1,800 “net new” employees and have either a minimum annual payroll of $150 million or make a minimum $450 million investment in Georgia.
- Research and Development Tax Credit: Available to companies that spend more on qualified research in Georgia; credit is a percentage of that spending increase.
- Film, Television and Digital Entertainment Tax Credit: Up to 30% of money spent on production and post-production in Georgia, minimum spending amount $500,000.
- Musical Tax Credit: Up to 20% on qualified production expenditures, minimum spend $500,000 for musical or theatrical performances, $250,000 for synchronized recorded musical performance, and $100,000 for any other recorded musical performance.