WE'RE HERE TO HELP


If you are a current downtown business owner or you want to open a new business in Downtown Cedartown, you'll want to bookmark this page.

 

We've condensed important information for you -- and it's all here on this page. 

 

Whether you want to learn more about tax credits, facade grants or rehabilitation incentives, you'll find what you are looking for here.

 

 

Research statistics and demographic data compiled by the U.S. Census Bureau

Find information on traffic counts for Cedartown and the Northwest Georgia area from the Georgia Department of Transportation

Population data, economic development stats and other informaton for this region

STATS & DEMOGRAPHICS

HISTORIC DISTRICT

INCENTIVES

The owner of a building that qualifies for a listing on the Georgia Register of Historic Places and is planning a major rehab project may obtain preferential property tax treatment

If a property is listed on the National Register of Historic Places, the investor or long-term lessee of an income-producing property is entitled to an investment tax credit of up to 20 percent

The Downtown Cedartown Association provides the Facade Grant Program to ecourage the preservation of downtown storefronts. Click here for the application

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FEDERAL OPPORTUNITY ZONE INCENTIVES

OPPORTUNITY ZONE

A Federal Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in a Federal Opportunity Zone and that utilizes the investor’s gains from a prior investment for funding the Federal Opportunity Fund.

The following incentives are offered to investors for putting their capital to work in these qualified opportunity zones:

1.      Temporary, capital gain tax deferral:

·         The period of capital gain tax deferral ends upon 12/31/2026 or an earlier sale

2.      A step-up in basis:

·         Investment held for 5 years – Basis increased by 10% of deferred gain (90% taxed)

·         Investment held for 7 years – basis increased by another 5% of deferred gain (85% taxed)

3.      Forgiveness of additional gains

·         Investment held for 10 years – Basis equal to fair market value; forgiveness of gains on appreciation of investment of sale or exchange of Opportunity Fund investment.  This exclusion only applies to gains accrued after an investment in an Opportunity Fund.

DESIGN ASSISTANCE

Through a partnership with the University of Georgia’s School of Design and the Georgia Trust for Historic Preservation, downtown property or business owners may request design assistance through the DCA. A detailed rendering will be produced at a cost of $75 - $100 depending on detail, and will include suggestions for materials, colors and methods. For more information, call the Downtown Cedartown Association at 770-748-2090.

AVAILABLE PROPERTIES

The Downtown Cedartown Association maintains a complete inventory of all properties and owners in the downtown district. The DCA's listing includes current tenants and occupied buildings that are for sale. We are always ready to help locate a suitable property for a new or expanding business. To view the current list of available buildings click here to see a current list.

LICENSE/PERMIT ASSISTANCE

The requirements for starting a new business, rehabilitating a building, or just installing a sign can be overwhelming. The Downtown Cedartown Association staff can help business owners wade through it all. Call 770-748-2090 for help.

SMALL BUSINESS ASSISTANCE

Many resources and technical assistance are available to downtown businesses through the DCA. Assistance with marketing, promotions, business planning, management, workforce and staffing needs all may be addressed by calling the Downtown Cedartown Association at 770-748-2090.

SMALL BUSINESS DEVELOPMENT

The SBDC program is designed to provide quality business and economic development assistance to businesses and prospective businesses in order to promote growth, expansion, innovation, increased productivity, and improved management. These objectives are accomplished by providing one-on-one consulting and business training programs, assisting clients with exporting and procurement, supporting minority business development, conducting applied economic research, and fostering rural development. This material is designed as a step-by-step introduction to the issues every new business must face. Click here for Small Business Development Center resources.

ALCOHOL LICENSING & PERMITTING FEES

Beer License - Pouring Outlet With Food - Downtown Business District.....................................................$375.00

Wine License - Pouring Outlet With Food - Downtown Business District....................................................$375.00

Distilled Spirits License - Sales By The Drink - Downtown Business District...........................................$2,250.00

 

*Allow For Pro-Rated Fees On A Semi-Annual Basis For New Business - July 1st To December 31st Fee Would Be 50% Of Annual Fee*