ECONOMIC DEVELOPMENT TOOLKIT
Gainesville
GEORGIA
20
By utilizing state and local tax credits, GAINESVILLE, GEORGIA’S
strategic public investments have supercharged redevelopment and growth in its Downtown and Midtown areas. At the local level, TADs are a powerful economic incentive that reinvests property taxes f rom a new development back into the project to attract redevelopment. Local incentives have allowed developers to pursue projects that were economically unattainable and have encouraged quality development and business expansion.
Private development has followed public investment. The city
has heavily invested in its public areas, greenspaces, buildings, and streetscapes. Gainesville is growing, but that growth could not have happened on its own. Gainesville’s engine of economic growth has benef itted f rom a steady flow of strategic public investments made by dedicated public servants.
