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This document is intended to provide an overview of the Georgia Opportunity Zone and Job Tax Credit programs. For detailed regulations concerning the program, please visit the websites listed above. OPPORTUNITY IN GREENSBORO Job Tax Credits for Greensboro Businesses What is Greensboro’s Opportunity Zone? Greensboro’s Opportunity Zone designation allows for a job tax credit for businesses that create a minimum of two new jobs within the zone. The Zone includes most of downtown Greensboro as well as several outlying areas. A detailed map is available by request or online at: http://www.dca.ga.gov/OppZones Who is eligible for the job tax credits? Businesses that meet the following conditions are eligible for the job tax credits: 1. Be located within the designated opportunity zone. 2. Create two or more new full‐time (35 hours per week), permanent jobs. (not husband/wife) 3. Offer health insurance to its employees. (Employer must offer insurance but does not have to pay for it.) How much is the job tax credit? The job tax credit is $3,500 per eligible job. The credit may be claimed for five years as long as the job is maintained. How do I claim the credit? City staff will help you complete the Opportunity Zone Certification form to confirm that your business is located within the city’s designated Opportunity Zone. This certification is attached to the necessary tax forms. Your tax professional will confirm that the jobs created meet all applicable rules for claiming the credit and will submit forms IT‐WH and IT‐CA to the Georgia Department of Revenue. Who can I contact for additional information? Local Contact: Greensboro Better Hometown Cail Hammons (706) 453‐7674 [EMAIL REDACTED] State Contact: Georgia Department of Community Affairs Dawn Sturbaum (404) 679‐1585 [EMAIL REDACTED] Or Visit: http://www.dca.ga.gov/OppZones ---PAGE BREAK--- 131339503001 131339503003 131339503004 131339503002 131339503005 20 £ ¤ 278 U V 15 U V 44 U V 15 East Veazey Penfield Greensboro Walnut Martin Luther King Jr Oconee National Forest Lake Oconee National Forest Lake Official Opportunity Zone map for - City of Greensboro Approved December 15, 2011 It is understood that the data and map sets displayed have been created from information provided by various government sources at different moments in time and at various levels of accuracy. Further, the data is not a “legal description” and is provided to you “as is” with no warranty, representation or guaranty as to the content, accuracy, timeliness or completeness of any of the information provided herein. It is the responsibility of the user of the data to be aware of the data’s limitations and to utilize the data in an appropriate manner. The user knowingly waives any and all claims for damages and under no circumstances shall DCA or its representatives be held responsible for any costs, expenses, damages or injuries, including special or incidental or consequential damages to any person(s) or property that arises from the use of the information provided. Data Source: Shapefiles from Northeast Georgia Regional Commission, December 2011 Map prepared by: Georgia Department of Community Affairs, 2011 Amended parcels designation effective January 1, 2011 Legend Parcels Amended Parcels Enterprise Zone Redevelopment Area City Boundary 0% - 14.9% 15.0% - 100% Adjacent block group Opportunity zone