GETTING STARTED IN DOWNTOWN BAINBRIDGE

We are excited that you are interested in Downtown Bainbridge, and we hope to be of assistance to you during this exciting time in your life.  The Downtown Development Authority of Bainbridge has a variety of tools and contacts which you may find useful when considering a business in our district.  Please let us know if you are seeking information that you do not find on our website-we likely have it or know how to help you find it.

 

The Downtown Development Authority of Bainbridge has a great working relationship with the Planning & Zoning Department, and we are willing to assist you through the local requirements to help you expedite finding a location and opening for business.

 

The business start-up process can be confusing and cumbersome.  Fortunately, there is quality, FREE assistance for businesses available throughout Georgia through the Georgia Small Business Development Center (SBDC) Network.  Local contact is Business Consultant Heather Sharpe at 229-420-1144 or hsharpe@georgiasbdc.org.

R.U.R.A.L. ZONE:  Revitalizing Underdeveloped Rural Areas Legislation

The R.U.R.A.L. Zone designation provides tax credit incentives to promote the revitalization of vacant rural Georgia downtowns by encouraging investment, job creation, and economic growth in long-established business districts. The purpose of the Rural Zone is to encourage small business investment and job creation to help preserve small town assets and stimulate economic activity. For more information:  Georgia Department of Community Affairs

Job Tax Credits

  1. Must create 2 full-time equivalent jobs

  2. $2,000 credit per new full-time equivalent job.  Not to exceed $40,000 credit per year

  3. Eligible businesses include professional services or retail

  4. Credit can be taken for 5 years as long as jobs are maintained

Rehabilitation Tax Credits

  1. Equivalent to 30% of qualified rehabilitation costs not to exceed $150,000

  2. Credit should be prorated equally in three installments over three taxable years

  3. Must create a minimum of two full-time equivalent jobs

Investment Tax
Credits

  1. This credit is for purchasing property downtown within the Rural Revitalization Zone

  2. Equivalent to 25% of the purchase price not to exceed $125,000

  3. To claim this tax credit the investment property must be within the designated zone and create two full-time equivalent jobs

  4. Credit can be claimed over 5 years

Contact:
Amanda Glover
Downtown Development Authority of Bainbridge
Executive Director
205 E Broughton Street
Bainbridge, GA  39817  |  229.400.9093
amandag@bainbridgecity.com

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CONTACT US:

205 E Broughton St | Bainbridge, Georgia 39817
(229) 400-9093 | amandag@bainbridgecity.com