Atlanta aims for development along Auburn Avenue - FOX 10 News | myfoxphoenix.com

Atlanta aims for development along Auburn Avenue

ATLANTA (AP) - The Sweet Auburn area of Atlanta has received an economic development designation that city leaders hope will help spur revitalization in the district.

The neighborhood along Auburn Avenue just east of downtown was a cradle of Atlanta's African-American wealth and political clout. It includes Martin Luther King's boyhood home and other civil rights landmarks.

The Atlanta Journal-Constitution reports (http://bit.ly/Y8GxcS) that it was designated Tuesday as Atlanta's latest Opportunity Zone.

The classification enables certain state tax incentives for businesses that expand in the zone, with credits of $3,500 per job available for the creation of as few as two net new jobs. The credits are available to both small and large businesses.

 

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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