Canton, Georgia offers several economic growth opportunities for businesses. Here are some key points:
- Diverse Economy: Canton’s economy has diversified from its early days of cotton textile manufacturing to now include various sectors such as healthcare, education, technology, advanced manufacturing, corporate and regional headquarters, government services, and retail trade1.
- Incentives for Businesses:
- Central Business District (CBD): Businesses locating within the CBD may qualify for an 80% reduction on new water and sewer tap fees.
- Central City Opportunity Zone: Eligible businesses in this zone may receive $3,500 per created job when two or more jobs are generated.
- Downtown Development Revolving Loan Fund (DDRLF): Offers below-market rate financing for capital projects in core historic downtown areas.
- Façade Improvement Program: Provides matching grant funds for downtown property owners seeking to improve building exteriors.
- Freeport Exemption: A 100% Freeport Inventory Tax Exemption covering raw materials, goods in process of manufacture, and finished goods stored in Georgia for shipment out-of-state.
- Riverstone: Businesses locating within Riverstone may qualify for a 30% discount on new sewer tap fees.
- River Mill Livable Centers Initiative (LCI) Enterprise Zone: Abatement of occupational tax, inspection fees, and other fees based on the project’s economic impact. Property tax abatement is provided for a certain period based on investment into existing property improvements.
- Technology Ridge Opportunity Zone: Similar to the Central City Opportunity Zone, eligible businesses may receive $3,500 per created job when two or more jobs are created1.
- Quality of Life: Canton offers unique cultural opportunities and a top-ranked quality of life, making it an attractive place to live, work, invest, and play1.
- Education: Cherokee County’s exceptional public school system is a significant driver for growth in the area2.
- Walkable Downtowns: Cherokee boasts several walkable downtowns, each with its own unique vibe and offerings2.
- Expanding Job Opportunities: With the growing population, more jobs are located within the county borders, spanning retail, healthcare, and manufacturing2.
Whether you’re considering relocating or expanding your business, Canton provides a supportive environment for growth and connectivity3. 🌟
Click here if you are looking to make Canton your new home destination.