To learn more about local incentives that may be available for your business, contact SEDA
Property Tax Abatement
SEDA is authorized to grant property tax abatements for qualifying new or expanding businesses. Projects can involve new construction, expansion or renovation.
Grant Financing/Discretionary Funding
SEDA has an established Economic Development Incentive Fund to provide grant monies to qualified businesses in order to defray cost as a result of relocation or expansion.
Tax Exempt Industrial Revenue Bonds (IRBs)
SEDA is authorized to issue both tax exempt and taxable industrial revenue bonds for projects that meet state and federal laws. It is a means of conduit financing that often provides the user with lower interest rates and allows for a negotiated investment payment in lieu of taxes. Technically, SEDA retains title to the property and improvements for the life of the bond and leases the project to the user.
Foreign Trade Zone 104
World Trade Center Savannah is the administrator of Foreign Trade Zone 104, which allows delayed, reduced and sometimes eliminated duty payment on foreign merchandize admitted to a zone, as well as other savings.
World Trade Center Savannah
World Trade Center Savannah, the international division of SEDA, forges a path for businesses in the Savannah region to compete more effectively in the global marketplace and works to identify foreign direct investment opportunities for the region. A member of World Trade Centers Association, WTC Savannah is part of a network of hundreds of World Trade Centers in 100 countries with more than one million corporate members and associates.
Through the combined networks of international trade and business development experts, WTC Savannah meets the specific needs of its partners and clients. World Trade Center Savannah provides international market research, trade advocacy and consultation, business matchmaking, and connections to valuable public and private resources, as well the planning of strategic trade missions, Global Educational Programs and networking events.
Business Retention & Expansion
At SEDA, we value “service after the sale.” We realize the importance of the businesses and industries that already contribute to the economy and create jobs in Savannah and Chatham County. Through SEDA’s Business Retention & Expansion programs, SEDA can facilitate the support services many local businesses need to expand and grow right here in their own backyard.
Each year, SEDA conducts more than 100 site visits with local businesses to inform them of programs, services, workforce development, business development, training, community resources, and expansion and investment incentives.
Additional Local Incentives
New or existing businesses may qualify for additional incentives including:
• Build-to-lease options
• Utility Infrastructure
• Waiver of local permit and connection fees
• Local road work
• Environmental studies/soil borings
• Subsidized rent
• Temporary office space
• Cost offsets for LEED certification or sustainable building
• Tax allocation district financing
• And others