Horizons May 2013
A publication of the Cumming-Forsyth County Chamber of Commerce
Prestige Members Northside Hospital-Forsyth Premier Corporate Sponsor
Business First initiative to boost local growth W
Forsyth County Government
The City of Cumming
DeKalb Office
Georgia Power
St. Joseph’s Children’s Healthcare Hospital of Atlanta of Atlanta
The Dentist
jTech Networks
Taubman
Anchor Home Mortgage
Kaiser Permamente
ith the first quarter of 2013 coming to a close, the Cumming-Forsyth County Chamber of Commerce announces an initiative to begin implementing a five-year economic development program called “Business First.” Recognizing its responsibility to take the lead in issues that are critical to maintaining and growing the quality of life in Forsyth County, the chamber recently enlisted a private company to conduct a feasibility assessment for the community. Overall survey results indicate that while the economy and quality of life is good in Forsyth County there are areas that must be addressed in order to continue to attract a quality work force that will positively impact the area for the future.
‘The chamber has worked with companies that have created more than 6,000 new jobs and $857,000 million in capital investment.’ The typical Forsyth County homeowner’s property taxes are far less than the cost of delivering basic services such as police, fire and other infrastructure. This scenario creates a growing fiscal challenge for the area. The residential sector of the Forsyth County tax digest is 70 percent compared to surrounding areas where it accounts for 56 percent in Hall County and 59 percent in Dawson County. The Forsyth commercial and industrial sectors account for just 20 percent of the tax digest (28 percent in Hall and 16 percent in Dawson). To close this gap and assure prop-
erty taxes are not raised, stimulated growth is needed in Forsyth’s commercial and industrial sectors. Over the past few years, the chamber has been increasing its economic development programs. Since launching the current economic development model in 2005 the chamber has worked with companies that have created more than 6,000 new jobs and $857,000 million in capital investment. However, a greater level of success must be achieved to grow the tax digest without increasing taxes. See FIRST, Page 2
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