Economic
Development
Finance
Programs
June 2008
Economic
Development
Financing
Packet
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231
(404) 679-1593
This publication is funded in part by a grant from the
Appalachian Regional Commission.
An Equal Opportunity Employer
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Table of Contents
Introduction and Acknowledgements ..........................1 Georgia Business Expansion and Support Act
Executive Summary SB ............................................ 35
How to Operate a Business Legally in Georgia...........3
Tax-Exempt Industrial Development Bond
Secretary of State Financing .................................................................. 42
First Stop Business Information Center SB..................7
Renewal Communities/Empowerment Zones/
Enterprise Communities (RC/EZ/EC) SB ................. 43 GEORGIA DEPARTMENT OF
COMMUNITY AFFAIRS (DCA)............................ 8
Office of Regional Services....................................... 44 Community Development Block Grant (CDBG)
Program Regular Round Economic Development
ONEGEORGIA AUTHORITY.............................. 46 ........................................................................9
Equity Fund (One Georgia) 47
Employment Incentive Program (EIP)...................... 11 Regional E-911 Set-Aside ......................................... 48
AIRGeorgia ............................................................... 49
Regional Economic Business Assistance BRIDGE .................................................................... 50
(REBA) Program .......................................................13 OneGeorgia’s EDGE Program .................................. 51
Strategic Industries Loan Fund 53
Downtown Development Revolving Loan Entrepreneurial and Small Business Loan
Fund (DD RLF) SB .....................................................4 Guarantee Fund SB.................................................... 54
Redevelopment Fund .................................................16 GEORGIA DEPARTMENT OF ECONOMIC
DEVELOPMENT (GDEcD).................................. 55
Local Revolving Loan Funds (RLF’s) SB .................18 Georgia Department of Economic
Development – Regions............................................. 56
Cities & Counties with Revolving Loan
Funds (RLFs) ............................................................ 19 The Georgia Entrepreneur & Small Business
Network SB .............................................................. 60
Office of Field Services ............................................20
United States Export Assistance Center
Office of Downtown Development (ODD)............... 22 (USEAC) SB ............................................................. 61
Georgia Appalachian Region
GEORGIA ENVIRONMENTAL FACILTIES Business Development Revolving Loan Fund
AUTHORITY (GEFA)............................................ 62 Program (RLF) SB ....................................................24
Georgia Fund Program .............................................. 63
Appalachian Regional Commission
Clean Water State Revolving Loan Fund .................. 65 Area Development Funds...........................................26
Drinking Water State Revolving Loan Fund............. 67 CDBG Loan Guarantee Program ...............................28
Solid Waste Facilities Loan Program ........................ 69 Regional Economic Assistance Projects
(REAP)...................................................................... 30
Environmental Emergency Loan Program ................ 70
Life Sciences Facilities Fund .....................................32
SB – Indicates a program of potential interest to Opportunity Zones (HB 984) .................................... 33
small business
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USDA Section 9008 Biomass Research and U.S. SMALL BUSINESS ADMINISTRATION
Development Initiative ............................................ 103 (SBA) SB ...................................................................71
Your Business and the S.B.A.....................................72
Financing For Small Municipal and Rural Water
Wastewater and Solid Waste Systems..................... 105 Small Business Development Centers .......................75
Rural Economic Development Loan and Grant S C O R E77
Program ................................................................... 107 U.S. Small Business Administration 7(a)
Guarantee Loan Program ...........................................79
GEORGIA DEPARMENT OF NATURAL
RESOURCES HISTORIC PRESERVATION Section 504 Program..................................................80
DIVISION .............................................................. 108
Georgia’s Certified Development Companies ...........81 State Historic Preservation Tax Incentives.............. 109
SBA Express Loan Program ......................................83 Georgia’s State Historic Preservation Office .......... 111
SBA Patriot Express Loan Program...........................84 Historic Preservation Federal Investment Tax
Credit ....................................................................... 113
Atlanta Women’s Business Center ............................85
CITY AND COMMUNITY
SBA 8(a) Business Development Program................86 DEVELOPMENT.................................................. 114
Downtown Development Authorities (DDAs ........ 115
Small Disadvantaged Business (SDB) Statutory and Constitutional Redevelopment
Certification ...............................................................87 Tools for Local Governments
Business Improvement Districts
SBA Government Contracting – Area III ..................87 Community Improvement Districts
Business Imprtricts
SBA Microloan Programs in Georgia........................88 Land Banks
Small Business Investment Company Atlanta Development Authority (ADA) SB ............ 122
(SBIC) Program .........................................................89
“Freeport” Inventory Tax Exemptions for GA
Surety Bond Guarantee Program ...............................90 Industries SB ........................................................... 124
ADULT EDUCATION AND TRAINING........... 126
UNITED STATES DEPARTMENT OF
AGRICULTURE (USDA) RURAL
Quick Start............................................................... 127 DEVELOPMENT (RD)...........................................91
Intermediary Relending Program SB ........................92 Intellectual Capital Partnership Program (ICAPP).. 128
Rural Business Enterprise Grants SB .........................94 Workforce Investment Act (WIA)........................... 129
Rural Business Opportunity Grants SB......................96
GEORGIA DEPARTMENT OF REVENUE ..... 130 Georgia Department of Technical and Adult
Business and Industry Guaranteed Loan Education Program SB ...............................................................97
Georgia Tax Credit for Adult Basic Skills Education Financing For Small Municipal and Rural
Community Facility Projects .....................................98
SB – Indicates a program of potential interest to small business USDA Section 9006 Energy Grant Program ...........102
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U.S. DEPARTMENT OF COMMERCE ECONOMIC
Entrepreneurial Training and Funding Opportunities DEVELOPMENT ADMINISTRATION (EDA)…133
SB............................................................................. 156 SB – Indicates a program of potential interest to Small
Business
The Center for Rural Entrepreneurship SB.............. 160
U.S. Department of Commerce
The Abilities Fund SB.............................................. 161 Economic Dev. Administration (EDA)....................134
Georgia Community Loan Fund, Inc. EDA Revolving Loan Fund (RLF) Programs
(GCLF) SB .............................................................. 162 SB… .........................................................................135
Business Incubators ................................................. 163
U.S. DEPARTMENT OF THE TREASURY
COMMUNITY DEVELOPMENT FINANCIAL Technology and Telecommunications Research
INSTITUTIONS FUND (CDFI) SB ....................136 in Georgia ................................................................ 165
Community Development Financial Institutions
Fund (CDFI).............................................................137 Economic Development Agencies........................... 166
New Market Tax Credit (NMTC) Program .............138
GEORGIA TECH ENTERPRISE INNOVATION
INSTITUTE (EII) SB ...........................................139
Southeast Trade Adjustment Assistance Center
(SETAAC) ...............................................................142
MINORITY PROGRAMS SB ..............................143
Minority Small Business Resource
Organizations ...........................................................144
OTHER ORGANIZATIONS AND PROGRAMS SB – Indicates a program of potential interest to
OFFERING FINANCIAL AND TECHNICAL Small Business
ASSISTANCE IN GEORGIA SB ........................145
Regional Development Centers SB .........................146
Brownfield Redevelopment .....................................148
Tennessee Valley Authority (TVA).........................149
Small Business Assistance Program SB ..................150
Coastal Area District Development Authority
(CADDA).................................................................151
Southeast Rural Community Assistance Project
(SE/R-CAP) ...........