The City of Greensboro has a powerful new tool to encourage investment and job creation within its downtown. Greensboro was designated by the Georgia Department of Community Affairs as a Rural Zone.  This new designation allows for special tax credits to encourage revitalization. 

Greensboro is one of fewer than twenty cities statewide to achieve this designation. Portions of each community designated as a Rural Zone — primarily historic downtown areas — allow for tax credits to eligible businesses that create jobs and investors that purchase or rehabilitate buildings within the designated Zone.

“Greensboro is poised to offer significant benefits to people who are interested in doing business in downtown,” explained community development director Cail Hammons. “Thanks to the Rural Zone designation, someone who wants to invest in property, rehabilitate a historic building, or start a new business can leverage tax credits that are not offered anywhere else in our region.”

Each Rural Zone designation lasts for a period of five years. Rural Zones focus on job creation and private investment in designated areas. The program includes three tax credit incentives: a job tax credit, investment credit, and rehabilitation credit.

Greensboro’s Rural Zone designation is the latest in a string of accolades that the city has enjoyed as a result of targeted redevelopment efforts. Greensboro is recognized as a Georgia Exceptional Main Street program, placing it among the top-tier of cities actively engaged in downtown development. 

For more information about Greensboro’s Main Street program or the new Rural Zone designation, visit www.downtowngreensboroga.com or call 706-453-7674.