City Commission Makes New Enterprise Zone
The Cedartown City Commission met on Tuesday night, in special session, to consider classifying a designated area in south Cedartown as an enterprise zone.
According to City Commissioner Dale Tuck, the enterprise zone will include areas from south of Canal Street, East of Cedar Creek, and West of South Main Street.
Tuck stated, “This encourages people to buy homes and renovate property.”
According to the Department of Community Affairs, an area must meet certain qualifications (pervasive property, underdevelopment, and high unemployment rate) to be designated as an enterprise zone.
This designation will provide incentive such as property tax exemption and abatement or reduction in occupation taxes, regulatory fees, building inspection fees, and other fees that might otherwise be imposed.