Job Creation Incentives
The City of Savannah offers local incentives for qualified businesses meeting certain thresholds for local investment and job creation. Incentives may apply to certain geographic areas throughout the city that have been targeted for growth and investment.
- Enterprise Zones Property Tax Abatement
- Alternate New Employer Economic Development
- Economic Development Tax Credit
For more information on incentives that may be available to support your project, please contact the Office of Business Opportunity.
In 1997, the Georgia General Assembly enacted the Enterprise Zone Employment Act recognizing the need for revitalization in many areas of Georgia. The State Enterprise Zone program intents to promote reinvestment along distressed business corridors by incentivizing property tax abatement and certain fee waivers. Property tax abatement is graduated over a 10 year period for business investments that are located within an Enterprise Zone and meet one of the following requirements:
Job Creation Incentive - Create and maintain five new full-time equivalent jobs for the duration of the ten year graduated tax abatement period.
Land Improvement Incentive - Invest in new residential construction or rehabilitation or other rehabilitation of an existing structure such that the value of the improvements exceeds the value of the land by a ratio of five to one according to the Chatham County Tax Assessors valuation.
The West Downtown Opportunity Zone encourages business development and job tax creation in the West Downtown Opportunity Zone through $3,500 in job tax credits per job created.
For more information about the West Downtown Opportunity Zone, visit the Georgia Department of Community Affairs website.
The Hunter Army Airfield Military Zone encourages business development and job tax creation through $3,500 in job tax credits per job created.
For more information about the Hunter Army Airfield Military Zone, visit the Georgia Department of Community Affairs website.