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financial_assistance

Financial Assistance

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Lack of financial assistance is often the greatest barrier to business expansion. Georgia is proactive in providing companies with a wide range of grants and loans through specialized public programs. The variability of this financial assistance has helped thousands of companies foster entrepreneurship, innovation and business development.

Below are some of the top financial resources that fuel the growth of Georgia businesses:

 

Advanced Technology Development Center at Georgia Tech (ATDC)

Start-up incubator and accelerator with more than 130 graduates. ATDC operates a seed fund that offers a partial match of private investments, up to $1 million.

Appalachian Regional Commission Business Development Revolving Loan Fund

A $3 million loan pool available for projects that create or save jobs in the Appalachian region.

Industrial Revenue Bonds and Bond Allocation Program

Bond program for companies that will create jobs or expand access to affordable housing. IRBs provide below-market financing for manufacturers.

CDBG Loan Guarantee Program (Section 108 Program)

Federally funded loan program that helps local governments in financing large-scale economic development projects.

Employment Incentive Program (EIP)

Financing program that may be combined with traditional private financing to fund economic development projects. Priority is given to projects that will improve working conditions for low- and moderate-income people.

Georgia’s Regional Commissions

Twelve regional offices throughout the state that work closely with local officials and financial institutions to promote economic development, planning and infrastructure.

OneGeorgia Authority

Provides financing for projects that benefit rural Georgia. Awards may be used for business relocation, infrastructure development, land acquisition and machinery purchases.

Regional Assistance Program (RAP)

Awards grants for multi-county and regional collaboration in economic development. Examples of eligible projects are regional industrial parks, business parks, conference centers and convention centers.

United States Small Business Administration (SBA)

Assists small businesses with loans, grants, bonds and other support services.

 

Contact GDEcD

To get help expanding or relocating a business in Georgia, contact the Georgia Department of Economic Development or call 404.962.4000.

More About Georgia Benefits

Georgia’s industry-specific Project Analysts are available to help you with a wide range of business needs:
  • Site and building services
  • Location data
  • Community contacts and facilitation
  • Cost environment analysis
  • Coordination with state agencies

Fortune Favors the Peach