Rural Zone Lunch-n-Learn Scheduled

Press Release

Release: Immediate
Contact: Christian Hamilton
Date: 07.09.18
RE: Rural Zone Lunch-n-Learn Scheduled

Toccoa, Georgia – July 9, 2018 – Main Street Toccoa is pleased to announce that it has scheduled a lunch-n-learn regarding its new Rural Zone designation, to take place on July 25, 2018 at noon at Tugalo Station in Downtown Toccoa.

In 2018, Main Street Toccoa was one of the first nine downtowns in the State of Georgia to garner a Rural Zone designation. This designation, applied exclusively to the Main Street District, gives downtown business and property owners special Rural Zone tax credits for investing in the downtown area. Three types of tax credits may be acquired: A job tax credit, worth $2,000 a year per full-time equivalent job created within the Rural Zone; an investment tax credit, worth up to $125,000 claimed over five years, capped at 25% of the total investment cost; and a rehabilitation tax credit, worth up to $150,000 claimed over three years, capped at 30% of the total investment cost. Other details apply.

These tax credits are available to all businesses located within the Toccoa Rural Zone. Main Street Toccoa encourages all downtown business owners to attend the lunch-n-learn and find out how they can take advantage of this valuable opportunity. Representatives from the Georgia Department of Community Affairs will be in attendance to answer any questions that may be asked.

Tugalo Station is located at 67 East Tugalo Street in the former storefront of Downtown Flowers. The lunch-n-learn will begin promptly at noon on July 25, 2018. It is free to attend.

For more information, please contact Christian Hamilton at the Main Street Office via phone at 706.898.5777 or via email at chamilton@cityoftoccoa.com.

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