Imagine Thomasville offers a number of local and state level resources to support economic growth.
* All incentives are based on credit worthiness, number of jobs created and investment dollars
Small Business Development Center
Economic Development Authority
Because Thomasville is nationally recognized as a Georgia Exceptional Main Street City, there are a variety of local and state incentives you may be able to take advantage of.
UGA Small Business Development Center at Valdosta State
The UGA Small Business Development Center at Valdosta State University is a public service outreach unit that provides business and economic development assistance. As part of VSU's Harley Langdale, Jr. College of Business Administration, the UGA SBDC is an essential resource for small businesses. Practical experience, combined with advanced education, gives our consultants the ability to apply current business theory to the challenges faced by today's entrepreneurs.
Minority Business Resources
Operated by Georgia Tech’s Enterprise Innovation Institute, the MBDA Business Center-Atlanta wants to facilitate your company’s growth by connecting you with resources to help your business succeed. Strategically positioned within the Enterprise Innovation Institute, we are surrounded by a wealth of entrepreneurial services and resources your company can access. Through our outreach, resources, and efforts, we have assisted thousands of entrepreneurs.
Unfortunately, many entrepreneurs in minority communities may have trouble obtaining the investment capital to compete in a market where financial assistance isn’t always unbiased. This is where specific grants for minority-owned small businesses play an important role.
State Level Resources
BEST Tax Credit
Businesses creating 10 or more jobs in Thomas County may be eligible for a job tax credit of $3,000.00 per employee. The credit begins in the second year of operation and continues for five years. The total tax cannot exceed 50% of the manufactures state corporate tax liability. However, any unused tax credit can be carried forward for ten years. Furthermore, unused tax credits can be used to offset wage withholdings. These must be full time jobs to the state of Georgia and health insurance benefits must be offered to the full time employees (but not necessarily paid for by the employers).
Centers of Innovation
Governor Nathan Deal announced our state Centers of Innovation assisted 4,000 Georgia companies this fiscal year. The six individual centers delivered expertise and research to the aerospace, agribusiness, energy technology, information technology, logistics and manufacturing industries.
The Georgia Chamber of Commerce, in partnership with Anthem Blue Cross and Blue Shield, launched the Georgia Chamber SMART Plan, a new comprehensive health program that offers rate stability and potential savings for groups with 2 to 50 eligible employees.