The effort to spur businesses that could be served by the future Atlanta Streetcar along Auburn Avenue got a lift Tuesday in the form of a state program that provides tax credits for new jobs.
A section of Auburn Avenue now is an Opportunity Zone. The designation will provide a tax credit of $3,500 for one new job to companies that create two net jobs. The tax credit lasts five years, according to the state Department of Community Affairs, which approved the new zone.
The designation is particularly important, coming as it does amidst a whirlwind of activity – both planned and halted – along the street that once was the center of black commerce in the south.
