Cherokee County Existing Industry August 2010 Newsletter

Existing Industry Incentive Program

Be on the lookout for this year's Existing Industry Incentive Program application in early September. The Cherokee County Development Authority, in coordination with Cherokee County government, provides a tax incentive program for qualified industries located in Cherokee County. The purpose of this program is to encourage and support local industrial expansion.

To qualify, an industry must meet the following criteria:


• Held operations in Cherokee County for at least three years (at least 36 months from issuance of business license)
• Invest a minimum of $150,000 in a qualifying activity within the year
• Produce a value-added product

Qualifying activities include: acquiring new or reconditioned equipment, and/or acquiring, constructing, expanding or improving existing facilities. The tax incentive applies only to the value of new or reconditioned equipment and/or facility capital improvements acquired during the calendar year. Applications are reviewed and approved by the Cherokee County Development Authority.

Existing Industry Roundtable Meetings

Thanks to Pilgrim's Pride and Wadeken for hosting the Existing Industry Roundtable Table meetings for the Holly Springs and Canton areas. These meetings are a very effective way to meet your neighboring industries and discuss business strategies or possibly even find new suppliers and customers. The Office of Economic Development & Chamber support our local industries and appreciate the attendance and feedback on how we can better serve you.

Local Industry Expansions

Congratulations to two of our local industries, Chart and Belnick, Inc. on their expansions! Chart which makes products that supply the biomedical industry will be building the first LEED certified manufacturing facility in the county. The building will be approximately 66,000 SF and with this expansion Chart has plans to hire 50 new employees. Belnick, Inc. plans to expand their existing building by 150,000 SF to house additional inventory. The expansion of their warehouse could yield up to 15 new jobs.

The 2009 Annual Report is now available! (Click title)

Contact Us Concerning Existing Industry Incentives

If your business is looking to expand, purchase equipment, or hire new employees, please contact the Development Authority at 770-345-0600 or email info@cherokeega.org for information on incentives and assistance available to Existing Industries.

We welcome your feedback and your listings!
The Development Authority of Cherokee County sponsors this e-newsletter to stay in constant communication with you regarding the latest happenings in economic development in our community.

Each edition has up-to-date articles related to Cherokee County Existing Industry. We encourage your participation! If your business has exciting news to share, contact the Development Authority.

Call 770-345-0600 or email us:     MMartin@CherokeeGA.org