An enterprise zone is a designated geographic area within a city or county where there is an organized effort to revitalize economic development of the community. The Laney Walker & Rocky Creek Enterprise Zones provides tax incentives and other incentives to encourage new growth in businesses and housing. Augusta is able to provide these incentives through the Georgia Enterprise Zone Employment Act of 1997.

In order to be eligible for incentives, businesses must increase employment by five or more full time job equivalents and maintain the jobs for the duration of the tax exemption (ten years).

To qualify for tax exemption for the housing enterprise zone, the value of the improvement must exceed the value of land by a ratio of five to one. This includes new residential construction, residential rehabilitation, or other rehabilitation to an existing structure.

Eligible businesses are exempt from state, county, and municipal ad valorem taxes, except for those collected for the school district.

For more information contact:
Housing and Community Development 925 Laney Walker Boulevard
2nd Floor, Augusta GA 30901
Phone: (706) 821-1797