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Incentive Toolkit

The Atlanta Development Authority (ADA) has a variety of tools it its toolkit to support development and business growth in the City's of Atlanta including; tax increment financing (know as TADs in Georgia), Urban Enterprise Zones, 501(c)3 bonds, multifamily tax exempt bonds, and small business loans, to name a few. The programs show below are managed both by ADA and our partners. If you have questions about these incentives, please contact Gregg Simon, ADA's Manager of Business Engagement at 404-614-8301.

Bond Programs

Small Business Loans

Grants, Conduit Loans & State Tax Credits

TAD Programs

New Markets Tax Credits

Incentive Type & Criteria	Commercial TADs	Downtown TADs	Neighborhood Fund	Perry/Bolton TAD	Beltline TAD
Project Size	$ 5 million minimum	$ 10 million minimum	Determined on deal-by deal basis	$ 5 million minimum	Primary use is of TAD $'s is for public infrastruture. Incentive projects determined on a deal-by-deal basis.
Financing Type	Pending Atlanta Public School participation. This is primarily done through a "Pay As You Go" method of financing.	This is primarily done through the issuance of Tax Allocation District Bonds.	20% of bond proceeds associated with Downtown projects are deposited in a neighborhood fund	This is primarily done through the issuance of Tax Allocation District Bonds.	The primary local funding source is the BeltLine Tax Allocation District bonds (TAD bonds will provide $1.7 Billion of the total 25-year project budget of $2.8 Billion.).
Grants	Yes	Yes	Yes	Yes	Yes
Other Requirements			Capital Improvement costs only		Primary use of TAD $'s is for public infrastructure (i.e. transit, trails, parks, etc.). Direct development incentive projects must be in City of Atlanta CDIA area. Other incentive requirements for affordable workforce housing incentives and development incentives in development.
Eligibility	For-profit	For-profit	For- profit or tax-exempt organizations	For- profitorganizations	For- profit or tax-exempt organizations
Project Analysis	Only subsidize projects where true developer shortfall exists (“but for” test)	Only subsidize projects where true developer shortfall exists (“but for” test)	Only subsidize projects where true developer shortfall exists (“but for” test)	Only subsidize projects where true developer shortfall exists (“but for” test)	Only subsidize projects where true developer shortfall exists in a CDIA area (“but for” test) based on criteria consistent with the overall implementation of the BeltLine vision
Project Funding Requirements		Funding is provided pari passu with the construction lender. Developer must submit requisition form and all invoices over $1,000 on a monthly basis to receive funds.	Funding is provided pari passu with the construction lender. Developer must submit requisition form and all invoices over $100 on a monthly basis to receive funds.	Funding is provided pari passu with the construction lender. Developer must submit requisition form and all invoices over $1,000 on a monthly basis to receive funds.	Grant funding will be available in three areas in support of the BeltLine Redevelopment Plan: 1) Affordable Workforce Housing; 2) Development incentives; 3) Brownfield Remediation. Requirements to be determined
Developer’s obligations	Construction completion; developers of residential projects are required to provide affordable housing; developers are required to comply with the City's Equal Business Opportunity and First Source Jobs Policies.	Construction completion; developers of residential projects in the Eastside TAD are required to provide affordable housing; all developers are required to comply with the City's Equal Business Opportunity and First Source Jobs Policies.	Construction completion.	Construction completion; developers of residential projects are required to provide affordable housing; developers are required to comply with the City's Equal Business Opportunity and First Source Jobs Policies.	To be determined
Fee	To be determined	Application 0.0010	Application fee 0.0010 of funds request	Application 0.0010	To be determined
Fee	To be determined	Commitment 0.0015 Annual 0.0020	Administration fee 0.0020 of Fund amount	Commitment 0.0015 Annual 0.0020	To be determined

Definition of Incentives

Commercial TADs: Tax Increment Financing (TIF) is a tool used to publicly finance certain redevelopment activities in underdeveloped or blighted areas of: Campbellton Road, Hollowell/M.L. King Parkway, Stadium Area and Metropolitan Parkway.

Downtown TADs: The Eastside TAD, in conjunction with the Westside TAD, create incentives for new development Downtown, with a focus on increeasing the residential population in order to make Downtown a vibrant 24-hour activity center.

Neighborhood Fund: The Neighborhood Fund is designed to further incentivize development in the English Avenue and Vine City neighborhoods where development would not otherwise occur as result of disinvestment, blight and crime.

Perry/Bolton TAD: The Perry-Bolton/Northwest Atlanta Tax Allocation District was established to facilitate the redevelopment of over 500 acres of under-developed real estate in the Northwest Atlanta.

BeltLine TAD: The BeltLine, a 22-mile loop of historic railroad encircling the urban core, is the largest (6,500 acres) and most comprehensive urban redevelopment in the U.S.