City of Royston Granted Economic Opportunity Zones

May 20, 2013

By MJ Kneiser, WLHR Radio, Lavonia

 

Over two years of hard work to be designated an economic opportunity zone has finally paid off for the City of Royston.

Royston city officials have spent the last two years working with the Georgia Mountain Regional Commission to designate areas of the town for the status.

Businesses located in Economic Opportunity Zones are eligible for steep tax credits, which can be used to grow their business or attract new businesses and create jobs.

Mayor David Jordan said it is hoped this new state designation will bring much-needed dollars to Royston and will strengthen its economic base.

“We’re thrilled,” Jordan said. “This has been a long process and a lot of waiting and a lot planning. It’s involved many different groups and consultants. These tax incentives and bring about new small and big businesses. So we’re just hoping and waiting to see what comes out of this.”

Many of the once thriving businesses in downtown Royston have closed and the city is looking to fill those empty store fronts with new businesses.

Royston was also hit hard when Ty Cobb Healthcare closed Cobb Memorial Hospital.

Jordan said that building is one part of the economic opportunity zone where they hope new jobs will be created.

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