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Clayton County ‘opportunity zone’ which overlaps a HUBZone provides incentives for government contractors

July 4, 2019 By Nancy Cleveland

An Opportunity Zone is a community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities.  Clayton County has set aside funds to grant to small businesses as their down payment for a SBA-backed loan should they choose to relocate to Clayton County’s Opportunity Zone.  The area is also located directly next to the Hartsfield-Jackson International Airport, making exporting a reality for businesses located in the Opportunity Zone.  The Opportunity Zone located in Clayton County overlaps as a HUBZone as well, providing additional potential advantages if the small business qualifies for the HUBZone program (Please note that to qualify for the HUBZone program, not only does your principal place of business need to reside in a HUBZone, but the requisite number of employees, 35%, need to also reside in a HUBZone to qualify). 

You can learn more about the Clayton County “opportunity zone” incentives here:  Atlanta Small Business Network

See also:  SBA posting regarding Clayton County “opportunity zone.”

You can learn more about the SBA HUBZone program here:  SBA HUBZone Program website

Filed Under: Contracting Tips Tagged With: Clayton County, Hartsfield-Jackson, HUBZone, opportunity zone, SBA

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