The Athens EDC has a direct incentive program, which may be used to provide cash grants to qualifying projects and companies. If the company is eligible, the direct incentives are based on a number of factors including total job creation and wages, capital investment, the financial strength of the applicant, the applicant's business history, and an analysis of the relevant business sector.
Minimum Number of Primary Jobs: 100
Minimum annual average salary: 50% of the City’s average Household Income
Minimum Capital Investment: $15 million (new construction) and $3.25 million (leasing tenants)
Minimum Square Footage Lease: (Leasing Tenants): 25,000
Credit Rating: “A”
Duration: Maximum of 10 Years
Minimum Annual Rate of Return: 10.5 %