Incentives
The most important
incentive Griffin and Spalding County can offer is a favorable
business environment at the beginning of your operations. Your
company won’t have to eventually bear the economic burden of higher
taxes in order for companies that move to the county after yours to
receive costly incentives from the community! There are
several programs designed to lower your start-up costs and ease your
entry into Griffin and Spalding County.
Georgia is an
Employment at Will state. So, as a general rule, an employee may not
sue his employer for wrongful discharge but only on breach of
contract or quantum merit theories. Georgia is also a Right to Work
state.
Inventory Taxes -
Freeport
Griffin and Spalding County have 100% Freeport. This means that all
three classes of manufacturing inventories held in factories and
warehouses in Spalding County are 100% exempt from Griffin and
Spalding County ad-valorem taxes. This is a local incentive approved
by the voters in a referendum.
Tax-Exempt Financing
A manufacturing project will likely qualify for State and Federally
tax-exempt industrial development revenue bond (IDB) financing. The
Griffin-Spalding Development Authority will serve as a conduit for
IDB’s, which should bear interest rates considerably below market
since the interest is exempt from Georgia and Federal Income Tax
under the following conditions:
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If funding a
project costing below $10-million, and
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Has no more than $40-million of other IDB's elsewhere.
Pollution Control
Exemption from Property Tax
Georgia law provides certain exemptions from ad valorem property tax
for air/water pollution control equipment.
Local Sales Taxes
The total sales tax collected in Spalding County is 7%.
The voters passed a one
percent (1%) local general-purpose sales tax for the purpose of
reducing the ad valorem tax on real and personal property. This
local 1% general-purpose sales tax was set for the County to receive
62% and the City of Griffin to receive 38%. In January of 2004, the
percentage changed for the County to receive 60% and the City to
receive 40%.
In March 2007, the
voters passed an extension of the one percent (1%) special purpose
local option sales tax to pay principal and interest on the
Griffin-Spalding County School System General Obligation School
Bonds and for school construction projects.
These are in addition to a 4% Georgia Sales Tax.
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Bonded Debt,
Revenue And Expenditures
Audited |
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06/30/08
Spalding County |
06/30/08
City of Griffin |
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Bonded Debt |
$ 3,580,000.00 |
$
71,209,000.00 |
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2008 Revenue |
$
63,206,262.00 |
$
82,609,490.00 |
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2008 Expenditures |
$
51,200,796.00
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$ 85,129,520.00 |
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Bond Ratings |
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Spalding County
bonds and City of Griffin bonds are currently rated: |
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Moody's |
Standard & Poor's |
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Standard & Poor's |
Aaa |
AAA |
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Griffin City |
N/A |
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Griffin Utilities |
Aaa |
AAA |
Board of Tax
Assessors
All real property is valued by a County Board of Tax Assessors and
underwent a complete re-valuation in 2002. The Spalding County Net
Maintenance & Operation Tax Digest showed a total of $1,664,480,562
as of 2007.
Homestead Exemption
Georgia law provides a $2,000 homestead exemption for all
owner-occupied housing from all county and school district taxes.
The City of Griffin also provides a $10,000 homestead exemption. In
addition, there are additional exemptions based on income for
homeowners aged 62 and over of various amounts. There is a $38,000
homestead exemption for disabled veterans.
Police Protection
Police protection within
Griffin
city limits is provided by the
Griffin Police Department. There is
a full-time staff of 111 with 10 part time School Crossing Guards
and 2 part time Parking Violation Officers, 57 Patrol Officers, 4
Secretaries, 4 Clerks, 1 Central Intelligence Analyst, 1 Assistant
to the Central Intelligence Analyst. A Criminal Investigation
Division of 28 Officers including 1 Drug Abuse Resistance Education
Officer, 4 School Resource Officers, 4 Narcotics Agents, 5 Tactical
Response Officers, 3 Juvenile Officers and 11 Investigators. There
are 65 marked vehicles.
Griffin
and Spalding County participate in a computerized communication
system.
The
Spalding County Sheriff's Department provides protection
countywide. The department is staffed with 157 personnel and there
are 91 vehicles. There is one Sheriff, 1 Chief Deputy, 8
Administrative Assistants, 3 Office Assistants, 1 Systems
Administrator, 1 Maintenance Technician, 1 Community Service
Supervisor, 67 Detention Officers, 9 Criminal Investigators, 8
Narcotics Agents, 1 STAR Helicopter Pilot, 29 Patrol Officers, 7
Communications Officers, 5 Warrant and Civil Officers, 3 School
Crossing Guards, 2 Resource Officers, 5 Court Service Officers, 1
Crime Scene Technician, 1 Coordinator Victim Services Unit and 3
part-time employees.
Fire Protection
The City of Griffin provides fire protection within the city limits
and operates out of 3 stations with 65 full-time employees and 19
vehicles.
The
Spalding County Fire
Department operates out of 6 stations with 64 full time employees
and 9 volunteers. Emergency calls are received and dispatched
through Spalding County's Enhanced 911 Communication Center.
Spalding County has adopted the latest edition of the Southern
Building Code Congress International's Standard Fire Prevention Code
to compliment the 2000 edition of the National Fire Protection
Associations Life Safety Code.
Spalding County also
offers Fire Safety courses for toddler through golden agers along
with First Aid, CPR, Industrial Fire Safety and Fire Extinguisher
classes.
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