The city of Conyers' application to the Georgia Department of Community Affairs for a tax credit-generating "Opportunity Zone" was approved on December 28, 2010. An expansion of the Opportunity Zone was approved in June 2014.
The Opportunity Zone allows for new and existing businesses in the designated Opportunity Zone area that add a minimum of two new positions to take advantage of tax credits up to $3,500 per new employee in the business or withholding taxes for up to five years.
The original Opportunity Zone covers Olde Town Conyers and the Central Conyers Activity Center bordered by West Avenue, Highway 138, Old Covington Highway and Green Street. The expansion covers the Salem Gate Shopping Center area just south of I-20.
For additional information on this program, applications for the tax credit and maps of the Conyers Opportunity Zone, please visit the Georgia Department of Community Affairs (DCA) website or contact the local or DCA representatives today.