Union County’s low-tax and pro-business environment offers significant long- and short-term operational
advantages to new and expanding businesses in our community. The Union County Development Authority will
work with your company to aggressively package the most beneficial statutory and negotiated tax, financing,
development and training incentives to help you locate or expand your business enterprise in our community.
Call the Union County Development Authority at 706-745-4500.
Through fiscally conservative and effective local leadership, Union County is committed to low taxes while maintaining high levels of services to our citizens and businesses.
Assessed valuation in Georgia is 40% of real property value. Thus, the effective tax millage is 40% of the mills levied. Millage is expressed as dollars of tax per$1,000 of assessed value.
• Industrial Revenue Bond Financing: UCDA is statutorily enabled to issue IRBs for project-related costs of land, facilities and machinery & equipment. Interest rates fluctuate but are generally well-below commercial rates and terms are determined by the company and its investment banker.
• Tax Abatements: This incentive may be available through the Development Authority if a company chooses to finance all or part of its project with IRBs. Pursuant to an IRB “bond-for-title” financing structure, title to project property is held by UCDA and a payment in-lieu-of tax (PILOT) schedule is agreed upon. Under this arrangement, UCDA issues a bond that is underwritten by an investment bank that provides the capital. UCDA holds title to and leases the financed assets to the company, with the lease payments being equal to the debt service of the note. UCDA and the company may then negotiate an abatement and corresponding PILOT payment in lieu of normal ad valorem taxes. All ad valorem tax abatements are negotiated on an individual basis to ensure our competitiveness for your project.
• Freeport Exemptions: All raw materials, goods in process and finished goods bound for out-of-state shipment that are held in factories and warehouses in Union County are 100% exempt from County ad valorem taxes.
• Site Improvements: UCDA may provide some improvement to a Union County property for the
location of a new business enterprise. Sites in the Authority-owned Blairsville Airport Regional Industrial Park are already prepared to pad-ready status and are served with water, sewer, road, power and telecommunications infrastructure.
• Site Subsidies: Dependent on job creation and private investment and negotiated on a case-by-case basis, the Authority may reduce or subsidize the cost of a site of choice for a prospective business in the Blairsville Airport Regional Industrial Park.
• Infrastructure Improvements: Depending on the location and scope of a project and determined on a case-by-case basis, UCDA, through local, state and federal resources, may provide infrastructure improvements such as road, water or sewer service to a site.
• Permitting: In close cooperation with City and County officials, UCDA will expedite local permitting processes and may seek to reduce or waive fees on behalf of a prospective business.
• Other Financing: The Union County Development Authority has access to a host of below-market, publicly-sourced and flexible financing programs that may be used by a new or expanding business for real and personal property costs. Such financing may be used independently or in conjunction with IRB financing or commercial lending. UCDA will aggressively seek to structure financing that is most advantageous to your company.
The Union County Development Authority’s partnerships with the TVA, SEIDA and Blue Ridge Mountain EMC gives us a competitive advantage in Georgia. These partnerships make available additional low-cost financing and grant/loan packages to companies interested in bringing a business to Union County, funds that are not accessible to businesses in other regions.Long Term Incentives for locating in Union County