Economic Impact, Fiscal Impact, Research, Tax Credits

Georgia Agribusiness and Rural Jobs Act – Economic and Fiscal Impact

The Georgia Agribusiness and Rural Jobs Act (GARJA) seeks to provide capital for small businesses in rural Georgia. The GARJA would encourage $100 million of private capital investment over the first two years in rural areas in part by making tax credits available to private sector investors.  Using an input-output model of the area identified as “rural” Georgia, it is estimated that $100 million invested in rural Georgia in these industries would support the creation of more than 3,000 jobs, $117 million in new personal income, and $413.0 in new economic output. That new economic activity is projected to generate $14.6 million annually for governments around the state ― $6.9 million to the State of Georgia.

The report can be found here.

Leave a Reply

Your email address will not be published. Required fields are marked *