AVAILABLE INCENTIVES

We have an array of incentives we can provide for businesses looking to launch or grow in Gateway85 Gwinnett:

The Only Three Federal Opportunity Zones in Gwinnett County are located in Gateway85 Gwinnett

The Federal Opportunity Zone Program is a new community and economic development tool that aims to drive long-term private investment into low-income communities throughout the country.

The program was established by Congress in the Tax Cuts and Jobs Act of 2017 and encourages investors with recently realized capital gains to invest in local businesses, real estate, or development projects in exchange for a reduction in their tax obligations.

Recently, the Internal Revenue Service released its long-awaited second round of regulations on investing in areas designated as economically distressed under the Federal Opportunity Zone Program, with the new rules providing greater flexibility for leased properties.

Federal Opportunity Zone Map (Gwinnett County only)

 

State Opportunity Zones

There are two approved State Opportunity Zones within the Gateway85 boundaries. Opportunity Zones are areas designated by the Georgia Department of Community Affairs where companies who add net new jobs to the State can qualify for a $3,500 tax credit (per job added; two job minimum, but no maximum). For more information on Opportunity Zones please click here.

Gwinnett County Opportunity Zone Map.  Click here to download the map.


State Opportunity Zone Map

 

Approved Tax Allocation Districts (TADs)

There are two approved Tax Allocation Districts (TADs) within Gateway85 Gwinnett (one centered around the Jimmy Carter Boulevard & I-85 interchange and the other at the Indian Trail Road & I-85 interchange). TADs are a redevelopment incentive aimed at encouraging quality development in an underutilized or distressed area. For more information please click here.

Indian Trail Tax Allocation District Map.  Click here to download.

Jimmy Carter Blvd Tax Allocation District Map.  Click here  to download.

Interested in learning more about how you can take advantage of Opportunity Zones and Tax Allocation Districts located in the Gateway85 Gwinnett District?

Contact Emory Morsberger, Executive Director at (770) 409-8100 or emory@gateway85.com.