Starting a Small Business in Georgia

For the latest information on tax incentives for Georgia businesses, see our 2016 blog post.

Starting a small business in Georgia has recently become more attractive due to new tax breaks, loan guarantees and new partnerships with the state. These business incentives have helped Georgia earn top rankings in the number of new small businesses started and increases in entrepreneurial activity during the past decade.

Georgia’s new incentives to promote small businesses include:

  • Small Business Tax Relief, allowing for faster depreciation on equipment deduction where businesses can choose to claim the expense in year 1 as opposed to over several years.
  • Angel investor tax credits, which encourage early investment in start-up companies. Qualified investors who provide angel funding in 2012 or 2013 can claim income tax credits of 35% of their investment, with total credits of up to $50,000 allowed per year.
  • Financing of up to $250,000 through the Entrepreneurial and Small Business Development Loan Guarantee Program. The program provides financing (beginning at $35,000) to entrepreneurs and small businesses located in rural Georgia counties.
  • Hiring and training reimbursements of up to $1,250 per employee certified by Georgia Work Ready. The reimbursements apply to businesses employing fewer than 50 people.
  • Georgia Get Your Business Online Program, giving Georgia businesses the tools and resources to establish a website, find new customers, and grow. The new program includes a partnership with Google and Intuit that will provide a free easy-to-build website, a customized domain name and free web hosting for 1 year for small businesses throughout Georgia.

For more information, visit the Georgia Department of Economic Development and Georgia Get Your Business Online.

Last updated August 8, 2017.