Georgia Agribusiness and Rural Jobs Act
- Basic Info
Senate Bill 133, known as the “Georgia Agribusiness and Rural Jobs Act” (GARJA), was approved by the Georgia General Assembly during the 2017 legislative session, and subsequently signed into law by Governor Nathan Deal. GARJA is intended to provide a mechanism whereby access to capital is available to small businesses, having at least ten percent of the portfolio being in agribusinesses, within rural parts of Georgia. Rural communities are defined as counties with populations of 50,000 or less.
The GARJA program provides for the establishment of rural funds which will raise capital to be made available to Georgia small businesses in exchange for receipt of tax credits which can be utilized by affiliates and allocatees.