Effective January 1, 2011, business inventory is exempt from state property taxes (0.25 mills). Some Georgia counties and cities have also adopted a Level One Freeport Exemption, set at 20, 40, 60, 80 or 100 percent of the inventory value. A Level One Freeport Exemption may exempt the following classes of tangible personal property:
- Class I: Inventory of goods in the process of being manufactured or produced including raw materials and partly finished goods.
- Class II: Inventory of finished goods manufactured or produced in Georgia held by the manufacturer or producer for a period not to exceed 12 months.
- Class III: Inventory of finished goods on January 1 that are stored in a warehouse, dock, or wharf which are destined for shipment outside of Georgia for a period not to exceed 12 months.
Source: Georgia Department of Community Affairs, 2009.
The City of East Point approved a 100% Freeport Exemption!
- Downtown District Business Benefits: http://www.downtowneastpoint.com/businessownerresources/
- FREE Online Downtown Business Directory Listing: Your business can be listed in the online business directory for free thru a partnership with EPMSA: http://www.downtowneastpoint.com/mainstreetbusinesses/. You can also upgrade your listing in the business directory, complete with photos, logo, hours of operation, link to your website, Google map for directions and much more!
- FREE Business of the Month Article: In partnership with EPMSA, this is a FREE full page profile of your business published in the Downtown Newsletter and distributed to thousands in the South Metro Area. It is archived online: http://www.downtowneastpoint.com/businessofthemonth/.
- Downtown East Point Facebook Page: . If your business maintains a Facebook page, you may post on the Downtown East Point Facebook page (search “Downtown East Point” or “EPMSA East Point”) about upcoming events or promotions you are doing. They have almost 4000 “likes”, so it is a great way to promote your business for FREE!
- Affordable Advertising in the Downtown Newsletter! Affordable advertising for businesses is available in the Downtown Newsletter, starting at just $25/month. See previous advertisers here: http://www.downtowneastpoint.com/downtownnewsletter/.
The East Point Business and Industrial Development Authority (EPBIDA) was created by an amendment to the Constitution of the State of Georgia of 1945 by an Act adopted during the 1975 Session of the General Assembly and ratified in the 1976 general election. Its purpose is to develop and promote trade, commerce, industry, and employment opportunities for the local community.
More about East Point Business and Industrial Development Authority (EPBIDA)
There are a variety of State and Federal Incentives and Resources available to businesses including Quality Job Tax Credits, Research & Development Tax Credit, DDRLF funds and more! Additional information can be found here: http://www.myvirtualpaper.com/doc/georgia-brochures/business-incentives-brochure/2016021701/#0
- Downtown Development Revolving Loan Fund (DDRLF): http://www.dca.state.ga.us/economic/financing/programs/ddrlf.asp
The Livable Centers Initiative is a program that awards planning grants, on a competitive basis, to local governments and nonprofit organizations. The purpose of the grant is to prepare and implement plans for the enhancement of existing centers and corridors consistent with regional development policies. It also provides transportation infrastructure funding for projects identified in the LCI plans. East Point’s Department of Economic Development in partnership with Public Works was awarded a nearly $5 million grant to implement many of the plan’s recommended transportation, pedestrian and cycle-related improvements. The design/engineering is underway, and is slated to begin in late 2017.
The City of East Point has its own Power Company (thru MEAG/Electric Cities of Georgia) offering extremely competitive utility rates.
The City of East Point has its own private Water Reservoir (Sweet Water Creek) – so its not dependent on Atlanta’s water supply and can provide abundant water for industrial, commercial and residential needs.
The redevelopment of the City of East Point is an important step in enhancing the quality of life in the city’s downtown and older, established neighborhoods. Creating and maintaining lively and attractive streets and buildings will stimulate investment in East Point’s commercial core, adjoining historic neighborhoods such as Conley Hills and the major corridors – Main Street, Cleveland Avenue and Washington Road – that lead into and through the heart of the city. There are many factors that point to a positive future for the City of East Point. As with other older revitalizing urban areas, there exists a sense and continuity of place and community. There is a sufficient amount of social and physical urban fabric that remains intact to serve as a basis and guide for revitalization efforts. Recent demographic patterns show a renewed interest in urban living as a preferred lifestyle. This has resulted in land use and behavioral changes aimed at reducing the reliance on the automobile and re-establishing pedestrian-oriented places. New economic sectors, such as the digital and communications industries are providing additional markets for the rehabilitation of underutilized or abandoned buildings and properties, such as are found in the East Point Corridors TAD area.