Economic Development Financing Packet
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Economic Development Financing Packet Georgia Department of Community Affairs 60 Executive Park South Atlanta, Georgia 30329-2231 404-679-1593 www.dca.ga.gov This publication is funded in part by a grant from the Appalachian Regional Commission. If you are disabled and would like to receive this publication in an alternative format, please contact the Georgia Department of Community Affairs at 1 (877) 204-1194 or (404) 679-4915 (TDD). TABLE OF CONTENTS *SB – Indicates a program of potential interest to Small Office of Development Assistance ..................................... 31 Business Equity Fund (OneGeorgia) .................................................. 32 Introduction and Acknowledgements ..................................1 EDGE Program (OneGeorgia) ............................................. 33 How to Operate a Business Legally in Georgia *SB ..............2 Entrepreneurial and Small Business Loan Guarantee Fund *SB (OneGeorgia) .................................... 34 Secretary of State First Stop Business Information Center *SB .........................6 State Small Business Credit Initiative (SSBCI) ..................... 35 GEORGIA DEPARTMENT OF COMMUNITY Tourism Development Act………………………………….37 AFFAIRS (DCA) ........................................................ 7 Georgia Downtown Renaissance Act………………….39 Community Development Block Grant (CDBG) Program ................................................................................8 GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT (GDEcD) ........................................ 40 Employment Incentive Program (EIP) ................................ 10 Georgia Entrepreneur & Small Business Regional Economic Business Assistance Support *SB ....................................................................... 41 (REBA) Program ..................................................................12 Regional Services Map........................................................ 42 Downtown Development Revolving Loan Fund (DD RLF) *SB .............................................................13 Georgia Department of Economic Development – International Trade Services............................................... 43 Redevelopment Fund .........................................................14 United States Export Assistance Center Local Revolving Loan Funds (RLF’s) *SB .............................15 (USEAC) *SB ........................................................................ 46 Cities & Counties with Revolving Loan Regional Tourism Project Managers .................................. 47 Funds (RLFs) *SB ................................................................ 16 GEORGIA ENVIRONMENTAL FINANCE Office of Field Services .......................................................17 AUTHORITY (GEFA) ............................................... 48 Appalachian Regional Commission Georgia Fund Program ....................................................... 49 Area Development Funds ...................................................20 Clean Water State Revolving Loan Fund ............................ 50 Georgia Main Street Program ........................................... 21 Drinking Water State Revolving Loan Fund ........................ 51 CDBG Loan Guarantee Program .........................................22 Solid Waste Facilities Loan Program .................................. 52 Regional Economic Assistance Projects (REAP) ................................................................................ 24 Environmental Emergency Loan Program .......................... 53 Opportunity Zones (HB 984) .............................................. 25 U.S. SMALL BUSINESS ADMINISTRATION (SBA) *SB .............................................................. 54 Georgia Business Expansion and Support Act Executive Summary *SB .....................................................26 Your Business and the SBA ................................................. 55 Tax-Exempt Industrial Development Bond Small Business Development Centers ................................ 57 Financing ............................................................................30 S C O R E ............................................................................. 59 i TABLE OF CONTENTS SBA 7(a) Guarantee Loan Program .....................................60 GEORGIA DEPARTMENT OF NATURAL Section 504 Program ..........................................................61 RESOURCES HISTORIC PRESERVATION DIVISION ............................................................... 88 SBA Express Loan Program .................................................63 State Historic Preservation Tax Incentives ......................... 89 SBA Patriot Express Loan Program .....................................64 State Historic Preservation Tax Credits .............................. 90 Atlanta Women’s Business Center .....................................65 Historic Preservation Federal Investment Tax SBA 8(a) Business Development Program ..........................66 Credit .................................................................................. 92 Small Disadvantaged Business (SDB) CITY AND COMMUNITY Certification ........................................................................67 DEVELOPMENT ..................................................... 93 SBA Government Contracting – Area III .............................68 Downtown Development Authorities (DDAs) and SBA Microloan Programs in Georgia ...................................69 Redevelopment Tools for Local Governments ................... 94 Downtown Development Authorities Small Business Investment Company Business Improvement Districts (SBIC) Program ....................................................................70 Community Improvement Districts Tax Allocation Districts HUBZone Contracting Program ..........................................71 Land Bank Authorities Surety Bond Guarantee Program .......................................72 InvestAtlanta*SB ............................................................... 98 U.S. DEPARTMENT OF AGRICULTURE (USDA) RURAL “Freeport” Inventory Tax Exemptions for GA DEVELOPMENT (RD) .............................................. 73 Industries *SB .................................................................... 99 Intermediary Re-lending Program *SB ..............................74 ADULT EDUCATION AND TRAINING ..................... 101 Rural Business Enterprise Grant *SB ..................................75 Georgia Quick Start .......................................................... 102 Rural Business Opportunity Grant *SB ...............................77 Intellectual Capital Partnership Program (ICAPP) .............................................................. 103 Business and Industry Guaranteed Loan Program *SB ......................................................................78 Workforce Investment Act (WIA) ..................................... 104 Financing For Small Municipal and Rural Georgia Tax Credit for Adult Basic Skills Education .......... 105 Community Facility Projects ...............................................79 U.S. DEPARTMENT OF COMMERCE USDA Section 9006 Energy Grant Program ........................82 ECONOMIC DEVELOPMENT ADMINISTRATION (EDA)… ............................................................... 108 USDA Section 9008 Biomass Research and Development Initiative ..............................................................................83 U.S. Department of Commerce Summary of Programs ...................................................................... 109 Financing For Small Municipal and Rural Water, Wastewater and Solid Waste Systems ....................................................85 EDA Revolving Loan Fund (RLF) Program *SB… ................................................................................. 110 Rural Economic Development Loan and Grant Program ..............................................................................87 ii TABLE OF CONTENTS U.S. DEPARTMENT OF THE TREASURY COMMUNITY Georgia Development Authority (GDA) ............................ 130 DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI) *SB ........................................................ …111 Export-Import Bank .......................................................... 131 Community Development Financial Institutions Entrepreneurial Training and Funding Fund (CDFI) ...................................................................... 112 Opportunities *SB .................................................................................... 132 New Market Tax Credit (NMTC) Program ........................ 113 The Center for Rural Entrepreneurship *SB ..................... 133 GEORGIA TECH ENTERPRISE INNOVATION INSTITUTE The Abilities Fund *SB ...................................................... 134 (EI2) *SB ............................................................. 114 2 Georgia Community Loan Fund, Inc. Georgia Tech Enterprise Innovation Institute (Ei ) (GCLF) *SB ....................................................................... 135 Services ........................................................................... 115 ACCION USA *SB ............................................................... 136 Southeast Trade Adjustment Assistance Center (SETAAC) .......................................................................... 117 Business Incubators *SB ................................................... 137 MINORITY PROGRAMS