Business Incentive Loans and Bonds (Georgia)

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Last modified on February 12, 2015.

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EZFeed Policy

Place Georgia


Applies to States or Provinces Georgia
Name Business Incentive Loans and Bonds (Georgia)
Policy Category Financial Incentive
Policy Type Bond Program, Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy No
Implementing Sector Non-Profit









Maximum Incentive Unlimited but generally should not exceed 20% of the asset needs of the company's Gerogia location.






Program Administrator Georgia Department of Community Affairs
Primary Website http://www.onegeorgia.org/programs
Applicable Jurisdiction All counties in Georgia where the total population is less than 50,000 and the percent of people living in poverty is 10% and greater.


Last Review 2014-09-15


Information Source http://onegeorgia.org/


Summary

The Strategic Industries Loan Fund (SILF) is a program offered by the OneGeorgia Authority. The purpose of SILF is to provide financing, through loan assistance, for the purchasing of fixed assets for companies that are considered as a relocation or expansion site for an emerging or development-stage company in a strategic industry targeted by Georgia. SILF is only to be used when needed to fill a financing gap that is unmet by the private sector. The State of Georgia has identified energy as a strategic target industry because it produces commercially viable technologies and will create higher quality jobs.


Policy Contact

Contact Name Susan Brown
Department Georgia Department of Community Affairs
Division Office of Economic Development
Address 60 Executive Park South, NE, Atlanta, GA, 30329


Phone 404-327-6841
Fax 404-679-0563
Email sarringt@dca.state.ga.us
Department Georgia Department of Economic Development
Division Office of Science and Technology
Address 75 Fifth Street NW, Suite 1200, Atlanta, GA 30308


Phone 404-962-4012




Authorities (Please contact the if there are any file problems.)

Authority 1: Georgia Code 50-34
Date Effective 2006-07-24

















References

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