The OneGeorgia Authority is a statewide financial tool to help bridge the economic divide in Georgia. The Authority channels one third of the state's tobacco settlement to economic development projects. Flexible assistance will be provided in the form of loans and grants to support local and regional economic development strategies.
While the authority will support traditional economic development projects, it will also support innovative solutions to local and regional challenges. $1.6 billion is anticipated to be available over the 25-year term of the tobacco settlement. Augusta-Richmond County is eligible for OneGeorgia Funds through the Development Authority of Richmond County.