§ 2-168. Potential incentive available.

(a)

The county has established a number of incentives to assist in job creation, entrepreneurship, small business development, job retention, and business recruitment. The specific local government incentive programs available from the county are as follows:

(1)

Entrepreneurship and innovation incentives program (section 2-169);

(2)

Small business and new start incentives program (section 2-170);

(3)

Business retention incentives program (section 2-171);

(4)

Targeted industry incentives program (section 2-172);

(5)

Special economic impact incentives program (section 2-173);

(6)

Commercial and industrial rehabilitation property program (section 2-174); and

(7)

Enterprise zone program (section 2-175).

(b)

Each incentive program shall, at a minimum, provide specificity on the following:

(1)

Purpose of the incentive;

(2)

Eligibility criteria for each incentive program; and

(3)

Incentives and services that are offered as part of the incentive program.

(c)

The state has established a number of incentives to assist in job creation, entrepreneurship, small business development, job retention, and business recruitment. County staff will assist businesses with education and technical expertise in determining the following:

(1)

Qualification for state incentives;

(2)

Applications for state incentives; and/or

(3)

Documentation on state incentives compliance.

(d)

Businesses that receive a tax abatement from the county or the Development Authority of Cobb County, South Cobb Redevelopment Authority, or enterprise zone program that are within a special services district may be required to enter into a PILOT agreement with the taxing authority to compensate for the amount of revenue lost due to the abatement.

(e)

Businesses can only participate in one incentive program at a time and new incentives cannot be provided until the expiration of existing incentive agreements, unless it is part of a new economic development project.

(Ord. of 8-24-93; Code 1977, § 3-9.8-4; Amd. of 7-22-14; Amd. of 2-27-18)