Basic Incentive Policy

Impact Fees

The Development Authority works in conjunction with local government to recommend reduction
or waiver of impact fees for target businesses with extraordinary positive economic impact.

Industrial Revenue Bonds

The Pike County Industrial Development Authority can issue Industrial Revenue Bonds as an option for the financing of a prospective manufacturing company in the community.  This method of financing provides below market interest rates through the sale of tax-exempt bonds and allows the terms to match the useful life of the assets purchased.

Freeport Exemptions

Pike County voters have elected to exempt three classes of commercial and industrial inventories:
• Raw materials and goods in process of manufacture
• Finished goods produced in Georgia within the last 12 months
• Finished goods stored in Georgia within the last 12 months and destined for shipment out-of-state
The City of Zebulon has also elected to exempt 100% of all qualified inventory.

Local Incentive Guidelines for New & Existing Industry in Pike County

The Development Authority of Pike County provides investment assistance for new business through contractual obligations.  Availability of assistance is determined by the Development Authority of Pike County and approved by the local government authorities.  These incentives are based on positive economic impact on the community.  Criteria for consideration includes the project's amount of capital investment, number and quality of new jobs created, economic diversification and wages. To qualify, the industry must make a long-term commitment to remain in the community and have a positive attitude toward community participation and involvement.  Its operation should not have an adverse impact on the environment, health, safety, or well-being of Pike County.   These incentives include tax deferment schedules of up to 10 years depending on the criteria and categories stated above.