Royston citizens got a little bit more information last Tuesday about the city council’s plan to designate certain sections of the town economic opportunity zones.
Adam Hazell from the Georgia Mountain Regional Development Commission in Gainesville gave a brief presentation about what it means to a community to have economic opportunity zones. 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.
“This is simply a document which targets those properties that are the subject of the opportunity zone and what the city wants to do with it,” he said.
Royston Downtown Development Authority President Cathy Rhodes said the DDA has already identified three areas around Royston for possible economic development zone designation and hope to identify more.
Ty Cobb Healthcare CEO Chuck Adams attended the presentation Tuesday. Adams said having the old hospital designated an opportunity zone area would be a plus.
“This is of interest to us because as we look at opportunities to bring businesses in, anything that we can do to make it more attractive to businesses coming in, we would certainly be interested,” Adams said.
Hazell said once the city submits its application to the State it should take about six months before they hear whether the areas chosen have been approved.
By MJ Kneiser, WLHR Radio, Lavonia