3644 Highway 42 | PO Box 900 | Locust Grove Ga 30248 | (770) 957-5043 Follow Us on Twitter Like Us on FaceBook Join Us on Instagram

Resources for Business Owners

Downtown Locust Grove was one of 9 GA communities to be designated as a "Rural Zone" in 2019. The Rural Zone Program was developed by the GA Dept. of Community Affairs and GA Dept. of Economic Development to spur job creation and private investment in small towns. For 5 years (2019 – 2023), new businesses and investors within the district will be eligible for three types of state income tax credits:
1) Job creation ($2000 per full-time-equivalent)
2) Property investment (25% of property purchase price)
3) Historic rehabilitation (30% of eligible expenses on structures 50 years or older)
For more information, email Anna Ogg at aogg@locustgrove-ga.gov.

Matching Grant up to $1000 per facade, up to $2000, awarded through Main Street Inc. (501c3). This grant is available to businesses located within the Historic "Railroad Strip". 

Below-market financing for Downtown Devlopment Projects This incentive must be applied for through the Locust Grove Downtown Development Authority. All projects must demonstrate they have a viable downtown development project and clearly identify the proposed uses of loan proceeds. Please email Anna Ogg at aogg@locustgrove-ga.gov for application assistance.

Loan amounts up to $250,000, which can be used in conjunction with DDRLF This incentive must be applied for through the Locust Grove Downtown Development Authority. All projects must demonstrate they have a viable downtown development project and clearly identify the proposed uses of loan proceeds. Please email Anna Ogg at aogg@locustgrove-ga.gov for application assistance.

State Preferential Property Tax Assessment for Rehabilitated Historic Property  Freezes the county property tax assessment for more than 8 years. Available for personal residences as well as income-producing properties. Owner must increase the fair market value of the building by 50 – 100%, depending on its new use. Properties must be elligible for listing on the National Register of Historic Places and the Georgia Historic Preservation Division must certify the project.

State Income Tax Credit for Rehabilitated Historic Properties allows eligible participants to apply for a state income tax credit equaling 25 percent of qualifying rehabilitation expenses capped at $100,000 for a personal residence, and $300,000, $5 million or $10 million for all other properties.  Properties must be elligible for listing on the National Register of Historic Places and the Georgia Historic Preservation Division must certify the project.

The Federal Rehabilitation Investment Tax Credit (equal to 20% of qualified expenses) is available to owners of an income-producing historic property who carry out a substantial rehabilitation.

It is Locust Grove Main Street's mission to preserve, promote, and revitalize our Historic Downtown.  Looking for ways to grow or promote your business in Locust Grove? Please call Anna Ogg at 770-692-2320 or email aogg@locustgrove-ga.gov

For more information .