Job creation fund moving forward - WALB.com, South Georgia News, Weather, Sports

Job creation fund moving forward

ALBANY, GA (WALB) -

The guidelines have been set for a job creation fund, which will give incentives to businesses relocating or expanding in Albany.

It's been in the works for several months and today the Economic Development Commission took the next steps in moving forward.

Wednesday, the EDC approved the guidelines for the job creation fund and how the money will be distributed.  The job incentive fund was started by the Albany City Commission.

"The guidelines for distributing the money is based on the number of jobs that would be created, the investment in the community of the business that would be coming here or expanding here. And also the quality of the jobs that are here," said Jay Smith, with the EDC.

The commission plans to pay for the project with millions of dollars in reimbursements from the Municipal Electric Authority of Georgia, not state money.

EDC members did not come to a decision on how to replenish the fund. They plan on reaching out to the city, county and school board for input on the best way to generate money.

 

Copyright 2013 WALB.  All rights reserved.  

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Open statewide seats, House challenges down Georgia ballot

    Open statewide seats, House challenges down Georgia ballot

    Tuesday, May 22 2018 2:50 AM EDT2018-05-22 06:50:06 GMT
    (Source: WALB)(Source: WALB)

    Georgia voters have plenty of election contests to settle after casting their Republican and Democratic primary ballots for governor.

    More >>

    Georgia voters have plenty of election contests to settle after casting their Republican and Democratic primary ballots for governor.

    More >>
  • Officials implement policy change after 2017 bridge collapse

    Officials implement policy change after 2017 bridge collapse

    Tuesday, May 22 2018 12:15 AM EDT2018-05-22 04:15:50 GMT
    (Source: WGCL)(Source: WGCL)

    Officials say the kind of materials that fed a fire below a metro Atlanta highway overpass which collapsed last year will no longer be stored under state bridges.

    More >>

    Officials say the kind of materials that fed a fire below a metro Atlanta highway overpass which collapsed last year will no longer be stored under state bridges.

    More >>
  • Stacey Abrams stops in Albany before primaries

    Stacey Abrams stops in Albany before primaries

    Monday, May 21 2018 11:39 PM EDT2018-05-22 03:39:32 GMT
    One Democratic candidate for Governor, Stacey Abrams, stopped in Albany.One Democratic candidate for Governor, Stacey Abrams, stopped in Albany.
    One Democratic candidate for Governor, Stacey Abrams, stopped in Albany.One Democratic candidate for Governor, Stacey Abrams, stopped in Albany.

    The primary elections for Georgia are Tuesday, and one of the Democratic Party candidates for Governor made a stop in Albany Monday.  

    More >>

    The primary elections for Georgia are Tuesday, and one of the Democratic Party candidates for Governor made a stop in Albany Monday.  

    More >>
Powered by Frankly